At a certain moment, every unsuccessful trader begins to think about why he loses to Forex. Some market users begin to search for guilty, while others go deep into themselves, spending time studying the situation, trying to understand what caused the drain of the next deposit. Yes, it is much easier to blame a broker or a dying center than to accept the awareness of your failure. What else is on the way to the truth, in addition to intermediaries in the Forex market?
What does the broker do to get to the accounts of newcomers? Nothing. No decent brokerage company strives to rob its customers, moreover, the more there are and the more open accounts, the higher the earnings of the intermediary. Therefore, to declare that this organization deceived and did not allow to earn the coveted million, at least stupidly. This is a completely fault of a trader who did not correctly interpreted the advertising calls of a broker company or simply have no idea about risks.
On the Internet there are a lot of articles telling about the secret of earnings on Forex. And those of them who really want to direct the trader to the true path, they say about the importance of an individual trade strategy. What is meant? It turns out that you can earn money on foreign exchange reserves only with a clear plan of action, which should be followed from beginning to end. The use of other people’s tactics or mechanical systems will most likely lead to a sad result, because there is no obviously guaranteed victory, even if this system offers a reliable broker.
The new day brings other FOREX news, analysts make forecasts and suggest what the exchange rate will be. Trusting traders instantly change their tactics, adjusting to the “testimony” of experts, and in case of failure, they boldly accuse them of untenability. Meanwhile, first of all, it is worth knowing that analysts are living people who, thanks to existing knowledge, earn a living, but do not use their recommendations themselves. Where does such confidence come from? Very simple: if each forecast would be correct, then analysts would quickly replenish the Forbes list, and would not continue to work for the assigned wage.
An independent analysis of the Forex market has deep roots, or rather, it is so complex and multifaceted that it deserves a serious approach. No matter what the trader chosen, technical or fundamental analysis of “own production”, do not forget about the likely error of indicators or an incorrect interpretation of changes in the economy of the country’s interest. Using free information information on your website, the trader will not work a million, this is just another hint among thousands of others.
It’s time to stop treating the Forex foreign exchange market, as a light game. This is labor, and hard, because it is necessary not only to understand the issue well and constantly self -improve, but also to control himself as a person who has weaknesses like laziness or the desire to get a “freebie”.