I have saw so many threads floating around in connection of Forex bots and all bunch of crap tips etc. I am going to say couple of words here about the Foreign Exchange Markets (FOREX).
1. 95% of the people Trading Forex are losing their money, simply said giving it away to the 5% Of people who really know how to Trade Forex.
2. If you are not familiar with the terms MT4 (Meta Trader 4 Broker Platform), Mt4 Indicators and MT4 Advisers (So Called Bots) Dont even look at the topic containing the word Forex Bot.
3. Brokers using MT4 Platforms are scams, The MT4 Platform can be manipulated with fake data.
4. Brokers using MT4 Platforms can run a second spikes, which means, they are able to simulate 150 - 500 pips jump or drop in the markets to catch people using the so called Hedge Techniques in a matter of seconds.
5. Use MT4 platforms to only observe the market. Don't even trade a demo account on this type of platform. It is waste of time.
6. Only trade a real accounts with a Local Forex Broker (Broker Based In Your Country).
7. Say no to your greed. Forex is not suitable for greedy people.
8. If you just started with Forex, don't even bother to put real money to Trade Forex Market, for atleast 6 months. It depends actually how fast you are going to learn the fundamental or the technical trading.
9. Don't ever trade in times when there is Huge Economic Announcements.
The reason I'm sharing this is, I don't want someone to follow my foot prints. I'm a real trader for the past 5 years and I have lost 20K $ in the first 4 years. I have managed to recover 1/3 of the loss for the past 1 year. In the beginning I also trusted all these MT4 Indicators and Advisers, and I was so excited of the concept of Forex.
Right now is different thing.
I hope you are going to remember what i have just mentioned.
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Thanks for sharing this tips, for us as a forex beginner this tips is very important to us to avoid continue losing money.
ReplyDeleteWith all of this tips, do you also offer us as a forex beginner the right best way to start trading without losing more money?
Beginners of market must learn about market first and then began with actual trading.This will help them to earn better returns. Learning platform is offered by service providers like epic research as well.
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