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The sheer amount of traders out there who are looking for a way to make money forex trading is quite staggering. I’m a little concerned, however, that most traders are actually more interested in “striking it rich” than actually learning how to properly trade the market. It’s like they want the shortcut to success, without actually doing any of the work.
I don’t blame them for thinking this way. We all want to become rich trading forex (or doing anything else for that matter) without having to put any time or effort into it. Unfortunately, that’s not how it works. If you are interested in success, you are going to have to get some kind of education so you can understand what really makes the market move.
Believe me, I wish I could just give you some magic button that you could just push and then all of a sudden thousands of dollars would hit your brokerage account, and in the meantime, you are on a beach somewhere catching some rays, while all of this is happening. You may laugh but many traders have this kind of mentality. After all, this is what trading robots are all about. And, believe me, if they worked, I’d be using them as well. I would much prefer to be surfing than being in front of my computer. But that’s just simply not the way the forex market should be traded.
It all starts and ends with understanding price action. You can’t expect to learn price action, if you’re using trading robots or your charts are covered with indicators. These are the kind of things that are slowing down your progress. The real key to the market is to be able to see it through your own eyes.
write by Bertram