What is forex trading all about?
Is it about finding your inner self? Is it about understanding of how currency markets provide global trading equilibrium? Is it about becoming a better person?
I don’t think so. I would say that forex trading is about making money.
It is as simple as that. And that is precisely why you are here…
Questions that are often asked by aspiring traders are: “What kind of trading approach should I use?
Day trading, swing trading, position trading? How many indicators should I use? Should I follow the TV news channels?…”
If you are facing similar dilemmas let me make an analogy.
If you were attacked in a dark alley and you felt that your life was in real danger what kind of defense technique wouuld you attempt to use.
Would you attempt to kick your assailant with some fancy kung fu move that you saw in a movie?
Or would you use some basic but brutally effective “knee to the groin”, “thumb to the eye” technique that is easy to implement and that you are 100% certain will have an effect?
When you have your hard earned money riding on your trades maybe your life is not at stake by your and your family’s livelihood is.