Information is everything!!!
Timely access to information as to who is buying (selling), how much they are buying
(selling), and why they are buying (selling) is absolutely invaluable. Banks and
Institutions working hard to protect their information franchises.
The reality is, more than 90% of traders lose! They just lose!!! Why? The answer is pretty
simple: "...because They are not traders!" They are newbies, dreamers, gamers... but nor
traders.
A Forex trader obviously needs basic trading skills, however; most of all, profitable
trading system, strategy, tactic and money management.
Every financial market trader should ask, "Where do I want to be when I am finished with
trading?" This is the same question every business owner should ask. A trading business may
be the vehicle used to get to a specific destination, but a vision provides the real purpose
making money in the markets.
Traders who succeed are able to recognize and overcome psychological obstacles with
motivation, discipline and implementation of a sound plan. They understand that the first
objective is to protect capital and they focus on activities to limit losses.
"The business model for forex trading(FUND MANAGERS) is to burn the customer and then find
another one," said Larry Harris, a USC professor and the former chief economist at the
Securities and Exchange Commission.
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