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Most Forex Trading "Robots" Don't Work
Most auto trade "robots",
"expert advisors", or "black box" systems don't work
over the long haul. Sure they look great on paper, but
that's because most of them are "curve fit" and
programmed to work with historical market data. Think
about it: if these "robots" really did what they say
they could, don't you think your broker and everyone
else on the planet would be using them 24 hours a day?
As a successful trader, you don't even consider these
gimmicks.
There Is No "Holy Grail" of Forex Trading
As soon as you
realize that in order to get ahead in the Forex markets
you WILL have losing trades... you're on the right path
to becoming a successful trader. Instead of trying to
predict the future, which is impossible; you, as a
successful, independent trader know that all you need to
do is put the odds in your favor on every trade. Then,
predicting the future doesn't matter, and you have
everything in place you need to come out ahead.
Blindly Following "Red Lights" & "Green Lights"
Is A Surefire Way To "Get POOR Quick"
If you think you can
"get rich quick" buying Forex pairs when a light turns
green on your computer, and selling them when it turns
red... think again. As a successful trader, you
understand the underlying reasons behind your decisions,
which gives you way more power and flexibility than
blindly obeying a blinking light like a mindless
lemming.
Your Broker Doesn't Care About You
Let's face it. You
and I both know that your broker is a salesperson. The
bottom line is that the more trades you place - win or
lose - the more money your broker makes. With Forex, the
broker's cut is called "the spread", and sometimes
they'll try to fool you by telling you they don't make a
"commission". Don't be a sucker. It's the same thing. As
a successful trader, you know to place only those trades
which give you the maximum amount of potential, and the
minimum amount of risk.
Having To Spend Long Hours Trading Forex Is A
Myth
Most traders think
that in order to make the most money possible trading
Forex, they need to stare at their computer and trade
all day long. But most traders are not successful. I've
found that the more time you spend trading, the worse
you do... and that's because you begin to sabotage your
trading decisions due to burnout, fear, and greed. Not
to mention that you end up not "having a life". As a
successful trader, you know that to maximize your
results, you should spend no more than 20 minutes a day
placing trades... so that you have the rest of the day
to spend with your friends and family doing the things
you truly love and enjoy.
Waiting For The Economy To Recover Before
Trading Is A BIG MISTAKE
Many traders,
especially beginners, wait for the media - or their
stock broker - to tell them the market or economy is
safe before placing trades. This is nonsense. The
general state of any markets - stock, forex, whatever -
and the current condition of the economy has nothing to
do with your potential success trading Forex. As a
successful trader with specific rules that tell you what
to do (no matter what happens in the markets) you know
that the key is controlling risk and when you control
risk you have the potential for profit whether the
markets move UP or DOWN. It's awesome.
U.S. Government Required Disclaimer - Forex, futures, stock, and
options trading is not appropriate for everyone. There is a
substantial risk of loss associated with trading these markets.
Losses can and will occur. No system or methodology has ever been
developed that can guarantee profits or ensure freedom from losses.
No representation or implication is being made that using the Forex
Profit Accelerator methodology or system or the information in
this letter will generate profits or ensure freedom from losses.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS
DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT
BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR
THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF
LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO
THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO
ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. |
