Video: The Reason Forex Traders are Losers
Learn how to trade Forex THIS way...
Our research and surveying has confirmed that too many new and inexperienced forex traders simply do not know how to manage risk in each trade -- and all too often, the result is the same: they wipe out their accounts.
Here's what we find is happening. Forex has grown in popularity so quickly that many traders who are new to forex trading have just waded into the waters, opened an account and have begun putting on trades without any real thought or planning to how to approach trading.
It should be obvious that the problem with this thinking is little to no understanding of how to approach trading foreign currencies and the significant risks to capital that it poses. All to often, new traders try to trade first and learn second.
And the result of that learning is the loss of their account balances. Hey, let's be honest, trading on a demo account is never the same as trading with real money. You do not apply the same emotional control, the same trading principles or rules, you'll take greater risks with the demo account and play too safe with the live account (often to your own loss).
Reverse your thinking: learn first, trade second. In fact, across the board, the need to reverse people's mindsets about forex is what is needed. Learn the right way to trade first, and THEN take that knowledge to the market and trade with it.
As part of that learn first scenario - the NUMBER ONE element to trading forex that new, inexperienced or unsuccessful traders should learn is how to MANAGE RISK FIRST in every single trade.
Today, one of the most well-respected Forex educators, Bill Poulos, released a video that teaches traders EXACTLY how they should be trading forex. And, how traders can put more trades in their favor by erasing risk -- it's very cool thinking and it isn't what's being taught by most of the so-called 'Gurus' out there.
Watch this free video -- see if you agree.
By learning to manage risk FIRST, traders will find their trading transformed as they are able to approach forex trading with an entirely different mindset, a plan for erasing risk and a solid set of rules by which to trade.
Our research and surveying has confirmed that too many new and inexperienced forex traders simply do not know how to manage risk in each trade -- and all too often, the result is the same: they wipe out their accounts.
Here's what we find is happening. Forex has grown in popularity so quickly that many traders who are new to forex trading have just waded into the waters, opened an account and have begun putting on trades without any real thought or planning to how to approach trading.
It should be obvious that the problem with this thinking is little to no understanding of how to approach trading foreign currencies and the significant risks to capital that it poses. All to often, new traders try to trade first and learn second.
And the result of that learning is the loss of their account balances. Hey, let's be honest, trading on a demo account is never the same as trading with real money. You do not apply the same emotional control, the same trading principles or rules, you'll take greater risks with the demo account and play too safe with the live account (often to your own loss).
Reverse your thinking: learn first, trade second. In fact, across the board, the need to reverse people's mindsets about forex is what is needed. Learn the right way to trade first, and THEN take that knowledge to the market and trade with it.
As part of that learn first scenario - the NUMBER ONE element to trading forex that new, inexperienced or unsuccessful traders should learn is how to MANAGE RISK FIRST in every single trade.
Today, one of the most well-respected Forex educators, Bill Poulos, released a video that teaches traders EXACTLY how they should be trading forex. And, how traders can put more trades in their favor by erasing risk -- it's very cool thinking and it isn't what's being taught by most of the so-called 'Gurus' out there.
Watch this free video -- see if you agree.
By learning to manage risk FIRST, traders will find their trading transformed as they are able to approach forex trading with an entirely different mindset, a plan for erasing risk and a solid set of rules by which to trade.
posted by Learning Coach | 11:56 PM
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