The biggest myth that the industry has it that it needs you to spend enormous amount of time studying trends and patterns. The real fact is from this as good traders now have with them the systems that interpret all the conditions and factors that affect trade, do excellent technical analysis and helps you in minimizing risks and maximizing profits.
Irrespective of any economic condition a trader if he follows all the rules of trading diligently has the power to succeed. So the second myth that the economy has to recover before one can start trading is not at all true.
At times the harder you try to succeed the faster is your failure rate. There are so many experts to claim to know all and come up with very good packaged marketing tools that are very impressive to look at but fail to deliver the winning punch.
Most of them do not even address the importance of risk management and the systems advertized are nothing but gimmicks to fool the unwary investor. You also do not need to rely on the broker to get you the results. As you start taking decisions you will realize the correct pairs of currencies to trade, when to enter the trade and how much to invest in it and when to exit and make a profit.
You can also create your low risk high profitability trades with your very own trading plan. The ability to protect your positions and to get a total portfolio transformation to suit your individual needs and requirements eliminates the need of a broker.
The loss of one’s personal happiness by indulging in log trading hours is a myth that has kept many from the forex industry and nothing could be further from the truth. You might have to spend less than 30 minutes to achieve excellent profits with minimum risks. You have the potential to succeed both personally and professionally.
One can achieve forex trading independence if one follows a step by step trading method. You shield yourself from risk and increase the chances of success substantially and all this without affecting your family life. There have been many instances of successful traders doing pretty bad personally all due to the myth that longer hours meant more profits.
You will have edge over other traders by following simple easy to understand rules of trading. Bill Poulos Forex Nitty Gritty Program aims to dispel all the myths of forex trading.
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