Warning:
If you are in hurry and landed in here seeking another thread discussing about fancy indicators and software systems, the thread is not for you. No such tool will be discussed in here.
What you can expect:
Elementary studies on Forex trading, different approaches, why and how things work etc .. to sum it all up we will study the logics and basic details that promises better trades than any Holy Grail Software.
The Idea Behind:
Its been almost a fortnight since I started studying Forex, and I should be honest; its been an amazing journey and best thing that ever happened to me, I know for a fact that this is my lifetime ladder. I should mention that I am in great debt to people around here who have supported me in this journey. Now it's my turn, this is my little contribution.
Some Facts:
Recent studies around Forex published by a key broker reveal that 90% of Forex is speculation and 70% of such speculators lose money as a simple reason they dont have control over the market.
Control over the market!!? Yes; in a moment I will tell you why and how to.
Its to my notice that aspiring trader most often jump into chasing fancy indicators and softwares rather than understanding the foundations of the tool. Look around in this forum (threads indicating mt4 indicators, systems etc ..) how many clicks will such a thread bag and how many does others.
Everybody wants a piece of easy profit. Bad News: there isnt an easy way of making money. Sorry to upset you all its the hard truth.
I have seen many forum members who have complained of losing money because of system x,y,z .. How can you say that when the Fault is all YOURS, believe me the system was accurate and it definitely would have made you warren buffet part two .
Hows it my fault Sri, you ask? Answer is what you see in Moon?
Sounding Gibberish? Answer the question and I will explain it all up.
If you are in hurry and landed in here seeking another thread discussing about fancy indicators and software systems, the thread is not for you. No such tool will be discussed in here.
What you can expect:
Elementary studies on Forex trading, different approaches, why and how things work etc .. to sum it all up we will study the logics and basic details that promises better trades than any Holy Grail Software.
The Idea Behind:
Its been almost a fortnight since I started studying Forex, and I should be honest; its been an amazing journey and best thing that ever happened to me, I know for a fact that this is my lifetime ladder. I should mention that I am in great debt to people around here who have supported me in this journey. Now it's my turn, this is my little contribution.
Some Facts:
Recent studies around Forex published by a key broker reveal that 90% of Forex is speculation and 70% of such speculators lose money as a simple reason they dont have control over the market.
Control over the market!!? Yes; in a moment I will tell you why and how to.
Its to my notice that aspiring trader most often jump into chasing fancy indicators and softwares rather than understanding the foundations of the tool. Look around in this forum (threads indicating mt4 indicators, systems etc ..) how many clicks will such a thread bag and how many does others.
Everybody wants a piece of easy profit. Bad News: there isnt an easy way of making money. Sorry to upset you all its the hard truth.
I have seen many forum members who have complained of losing money because of system x,y,z .. How can you say that when the Fault is all YOURS, believe me the system was accurate and it definitely would have made you warren buffet part two .
Hows it my fault Sri, you ask? Answer is what you see in Moon?
Sounding Gibberish? Answer the question and I will explain it all up.