Forex Trading Myths & Misconceptions
Forex Trading Myths & Misconceptions
Quite a controversial topic as every trader has a different opinion, but to me these are the most believed forex trading myths and misconceptions.
This simple post is aimed at all of the beginners on the platform, I would have saved myself a significant amount of time and money if I'd understood the following when I first started trading.
1. You can be right everytime.
2. All you need is a successful trading strategy.
3. Using more technical indicators will improve your trading edge.
4. You can get rich quick.
5. The more complex the strategy, the better.
6. You need the best technology to trade.
7. It's impossible to forecast price direction.
8. You should always be in the market.
9. You can easily make money trading news.
10. It's a scam
To all of the experienced traders, I would like to know which one resonates the most with you? Comment below.
Quite a controversial topic as every trader has a different opinion, but to me these are the most believed forex trading myths and misconceptions.
This simple post is aimed at all of the beginners on the platform, I would have saved myself a significant amount of time and money if I'd understood the following when I first started trading.
1. You can be right everytime.
2. All you need is a successful trading strategy.
3. Using more technical indicators will improve your trading edge.
4. You can get rich quick.
5. The more complex the strategy, the better.
6. You need the best technology to trade.
7. It's impossible to forecast price direction.
8. You should always be in the market.
9. You can easily make money trading news.
10. It's a scam
To all of the experienced traders, I would like to know which one resonates the most with you? Comment below.
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