Forex Traders Find Better Success When Moving to Simpler Trading Strategies
SYDNEY, Oct. 20, 2014 /PRNewswire/ -- Forex traders are generally frustrated and failing, due to the complexity of most trading strategies. Traders desperately seeking a much simpler trading strategy that integrates easily into their busy day to day lives flock to 'price action trading' - the unexpected 'holy grail' exasperated traders desperately need.
Photo - http://photos.prnewswire.com/prnh/20141017/152780
Why are so many new Forex traders mentally high-fiving themselves and thinking about quitting their day jobs? Because Forex trading (or currency trading) is promoted heavily online with the promises of instant results and easy 'overnight riches.'
With more than 4 trillion dollars flowing through the financial markets everyday – particularly the Foreign Exchange, there is investment opportunity for the average guy at the home computer. People are catching on and want their 'slice of the pie'. Thanks to the modern advances in technology - getting set-up with a Forex trading account is as easy as creating an email account. People are online ready to trade from home - literally in minutes, and more people are jumping on the Forex bandwagon everyday with the hope of retiring early.
It's only after some exposure to Forex that 'freshman' traders are unhappy with the unlimited money making potential of the market against their own trading performance – quickly realizing Forex trading is one of the most frustrating experiences they have ever faced in the their life.
The reason most new traders spiral out of control is because Forex trading is full of paradoxes, logic traps and contradictions that we are not used to dealing with in our everyday lives.
Graham Blackmore is 'The Forex Guy', who teaches traders how to simplify their trading using price action strategies and how to apply epic money management into their trading - helping to remove risk using clever techniques.
Blackmore explains, "Price can go two ways – up or down. The trick is not to look into the markets too deeply and keeps things as simple as possible. Price action trading strategies will change the way you view the charts forever – you will actually wonder how you ever got by in this industry without a good understanding of price movements, which is what price action trading will teach you."
If you're an aspiring, or even seasoned Forex trader – then do yourself a favor and check out Blackmore's site www.theforexguy.com and learn forex trading the right way, a way that's stress free and won't negatively impact your day to day life.
Contact: Graham Blackmore
Email
Phone: +61 431 057 610
SOURCE The Forex Guy
Share this article