[B]Don’t use Common Sense[/B]
One important lesson but not the most Important , as you’ll learn later—is that you can’t apply your common sense to the forex market and expect to succeed. This is what frustrates all of us so much; you think they’re doing the right thing, sticking to sound investment principles promoted by seemingly knowledgeable, smart and well intentioned people, and yet they don’t see market-beating results in their portfolios. Many investors who think they are doing everything right actually see negative results. So many people come to the market with great expectations, but leave feeling used and abused. Often, their response is to say that the forex market is manipulated designed to send profits to a small number of people who manage the system at the expense of the regular people like you and me. They make the mistake of blaming the market instead of looking in the mirror and realizing that it’s not the market that’s the problem, it’s their approach. If you are a normal, rational human being, you are predisposed. people they fail in forex market Not because you lack intelligence or desire, but because you don’t know how the market really works. Without understanding what drives forex prices and how your decisions are affected by the stress of risk-taking, you can only do well in the market if you’re lucky. Unfortunately, the downside of lucky is unlucky, and over time the two tend to balance each other out. The result is that any market-beating profits you earn are usually given back as losses. For most people, profits in the forex market are just short-term loans. People base their decisions on what makes sense to them. It makes sense to buy currency when the insiders are buying. It makes sense to buy currency that are making positive economic numbers NFP GDP etc… It makes sense to listen to news ,experts,etc… Yet doing these things rarely leads to market-beating returns. This approach might give you a winner here and there, but those winners will be offset by losing trades, making your success only random. There are, however, a few simple techniques and bits of wisdom that can have a dramatic effect on your investing performance. Learning them does not require a background in finance or exceptional intelligence. They are simple things that will seem obvious once you understand them. Getting you to understand these things is my aim to educate you properly.
I wont do it in one day but only people with patience will get a chance to learn and be among the top 3% of traders.
You can ask all 100 people who trade with me and ask their opinion of if they learned something new something that actually works.
Hope to see you all again.