Forex Nitty Gritty

November 15, 2008
Filed under: Forex 

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Most Forex Trading “Robots” Don’t Work

Most auto trade “robots”, “expert advisors”, or “black box” systems don’t work over the long haul. Sure they look great on paper, but that’s because most of them are “curve fit” and programmed to work with historical market data. Think about it: if these “robots” really did what they say they could, don’t you think your broker and everyone else on the planet would be using them 24 hours a day? As a successful trader, you don’t even consider these gimmicks.

There Is No “Holy Grail” of Forex Trading

As soon as you realize that in order to get ahead in the Forex markets you WILL have losing trades… you’re on the right path to becoming a successful trader. Instead of trying to predict the future, which is impossible; you, as a successful, independent trader know that all you need to do is put the odds in your favor on every trade. Then, predicting the future doesn’t matter, and you have everything in place you need to come out ahead.

Blindly Following “Red Lights” & “Green Lights” Is A Surefire Way To “Get POOR Quick”

If you think you can “get rich quick” buying Forex pairs when a light turns green on your computer, and selling them when it turns red… think again. As a successful trader, you understand the underlying reasons behind your decisions, which gives you way more power and flexibility than blindly obeying a blinking light like a mindless lemming.

Your Broker Doesn’t Care About You


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