I don't think I have to tell you that there is a lot of online information that forex traders have access to. And just like anything else, some of it is good, while others.not so much. You want to know that you are getting accurate information. So I decided to make a list of the top forex trading tips.
You don't need to pay a lot of money for software. It seems like people are spending their hard earned money on "state of the art" charting packages. There is absolutely no need for this, when you have freely available charting software like Metatrader. In fact, you shouldn't even have to use the majority of the tools in Metatrader.
Learn the intricacies of the market. I understand that this may be kind of an obvious forex trading tip. But if you were to take a look at what a lot of traders (especially new ones) are doing, you should take it seriously. Too many traders want the shortcut. Many traders feel as if they can just stroll into the forex market and not study anything, and expect to be a millionaire within a month's time. Trading should be treated with respect, and when you use trading robots to trade for you, you are not treating it with respect.
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