Article courtesy of Forex BulletProof
There are certain important things in forex trading you can only learn from experience. It’s not about systems. Systems have their place but they do not have to be complicated or complicated. In reality straightforward systems are better because you don’t have to spend so long on analyzing the signals before you open a trade. Nonetheless you do have to be sure that you have enough of an indication that there’s a good possibility of a successful trade. Never trade on hopes or intuition. Another point where simplicity works rather well is in your training. There should be thousands of books, courses, ebooks, video series and web sites that all claim to teach you the simplest way to success with online foreign exchange trading. But the sheer number of them could cause folk to chase their tail, hopping from one to another without ever completing anything.
So if you value your sanity, make a rule that if you buy, attend or download a foreign exchange course you’ll work all of the way through it and test it out (in demo) so that you have absolutely understood it before getting into anything more. Don’t just flick thru it and then look for something else because it did not look as easy as you hoped. If you keep attempting to find the sorcery system which will turn the average individual a millionaire by the end of the week you’ll just waste time and money because it does not exist. If your temperament is suited to currency exchange (you are cool headed and analytical) you will learn quicker than someone who isn’t, but you still have to study and practice in a disciplined, targeted way.
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