Many people want to learn forex currency trading.They love the idea of working from the home and not having to go to their 9-5 job. I can't blame them. I know that is exactly the reason why I wanted to get started trading forex. I hated my job, and I heard from all these people on the internet that they were making a killing trading forex. It seems like a no brainer, right?
Well, one thing you should know right off the bat about the online forex trading community is that they can certainly talk the talk, but very few of them can actually walk the walk.
I'm sure if you have looked into forex, then you probably have heard this statistic. If not, you are going to right now: 95% of forex traders are losing money.
Does that mean its difficult to learn forex currency trading? Nope....not really.
The problem is that most people don't learn it. They just jump right into it like its a roulette table. There is a reason why most people lose in Vegas, and its the exact reason why most people lose in forex. They treat it as a gamble. They think that picking the right direction of a currency pair is luck.
You'll also notice many traders actually use the term playing. For instance, you'll hear traders say "how much are you playing with". Instead of using the word trading, they are using the word playing. By using that word, you can tell how they treat their money.
Also, notice how many people want a shortcut. How many people love the idea of having one of these charting packages where you don't have to think and the software does all the work for you, and tells you when to buy and sell?
Of course it sounds great, but if it were that simple, why are so many people losing money?
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He developed his own course, called Trading in the Buff, where he teaches traders how to properly learn forex currency trading.
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