Currency Trading Education - The Dos and Don'tsBy Natasha of Cashsee.com
Before you ever start trading, getting the right kind of currency trading education is important
because let's face it; 95% of traders end up losing money in the forex market. I think a lot of it has to do
with taking those initial steps.
A problem that many new forex traders face is their constant need to look for shortcuts. I was guilty of this
as much as anybody else when I was first starting out. I wanted to become rich trading forex, but I really didn't
want to learn about all the intricacies of trading. All I wanted was some "magic button" that would
tell me when to buy and sell, and I didn't even have to follow the market. It would all be done on autopilot.
I think that is the mindset that most people have when they enter this industry, and it is inevitably their downfall.
Luckily for me, it eventually dawned on me that I was just sabotaging myself by constantly searching for
the immortal "holy grail".
If I were to succeed with trading the currency market, I would have to take it a lot more seriously.
So, when I decided to get the right kind of education, everything else changed for me.
It all started with clearing out my charts of all the indicators that were on them. This was scary for an
indicator addict, such as myself. You name an indicator, and I probably had it on my charts.
But when you think about it, how is anybody supposed to understand the market, if all these indicators are
telling you five million different things. The moment I got rid of them, trading became a lot simpler and a lot clearer.
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