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Forex Day Trading – illusion of the lost profits from reality
More novice traders try day trading than any other currency method and while we hear that the gurus have made money and see the sale, of course, the fact is that you never see a record of real benefits – Why? Because – not working.
The illusion
Forex trading day does not work in the real world – because all daily volatility is random.
The net result is that support and resistance levels (and any technical tool tries) have no chance of working, so have no chance to win.
Millions of traders, trading trillions of dollars and say you can say that this huge mass all driven by different motivations, experience and emotion get in a few hours is laughable.
Day trading makes money illusion is just that – an illusion.
Again traders bending test data and their systems to make them fit the data.
Of course, if these systems are negotiated data will never be reproduced exactly the same way and they lost.
This is called "curve fitting", ie the folding system to fit the data.
A trader I know compared it to shooting at a barn door, then draw a circle around the world, to show as a target.
If all knew that the price of tomorrow, we'd all be rich – sorry it is not easy in the Forex market – We have to trade not knowing the price!
Food vendors in this naive and greed, the history of decisions based on hypothetical data simulations to learn fencing, a warning to currency traders and I think it will work in the real world.
No – ask for a real record time and you just do not get one.
The seller is guaranteed a profit from selling the myth and reality gets company a loss.
The reality is that ..
If you can not deal with all the odds in your favor, you will lose and we have said why.
Another reality is that the Forex market involves risk.
Day traders believe that their risk limitation and have low loss – you do, but with time have a lot of them!
As well-known phrases of the negotiations is to "cut the losses and let your profits run" of this strange day traders in the Forex – what do they do when they have a benefit?
To boot!
So have a lot of small losses and few fringe benefits (including day traders of luck), and the result is the disappearance of your account equity – PERIOD.
If you want to win forex – day trading currency forget either try swing trading currency or as a result of long-term trend, where levels of support and resistance can be used to generate high probability operations.
Today, most operators are looking for an easy ball and currency trading is not easy, buy day trading systems with the illusion of low risk, regular income and that is all that is an illusion.
Reality is a rag on equity.
Avoid Forex trading day, if you win trade.
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