Here's teh lie that most trading expert have been spreading...

[dekac]

Hi Traders

Over the last few years, “trader” has become a synonym for “****er” among the so-called trading experts.

Why? Because the big guns in the industry realized that they could add a huge profit line to their already
successful trading business by selling garbage to the entrepreneurial traders sitting at home trying to learn
successful strategies.

They won’t give you the real deal because they’re afraid it’ll cut into their piece of the pie. Instead,
they feed you lines of garbage that sound good but don’t work. Forcing you into failure has the twisted effect
of making you rely on them even more, as your self-confidence drops to the bottom of the barrel.

They spend a lot of time and energy trying to convince us that simple and easy don’t work. Instead,
they push complex calculations and hundreds of charts... hoping that we’ll blame the inevitable failure on our
faulty understanding....

[RebateFX]

Originally Posted by dekac

They spend a lot of time and energy trying to convince us that simple and easy don’t work. Instead,
they push complex calculations and hundreds of charts... hoping that we’ll blame the inevitable failure on our
faulty understanding....

Simple does indeed work, but people even fail at that. It's lack of experience and the inability to adjust to rapidly changing market conditions that trips people up making them fall into the hole.

[dekac]

Hi Traders

The Forex market has some peculiar emotional landmines that you need to be aware of, and need to avoid. You are dealing with the currency of foreign countries and how they are going to be valued against the currency of other countries, one of which is your own country. It is important to keep things in perspective. If you find yourself rooting for the USA and booing Japan like they are your alma mater's football team and its biggest rival, then you should not be investing in this market, but saving for tickets to the next Olympic Games.
Investment of any kind takes self control, and emotional stability, and Forex is no exception....