When I first ‘discovered’ forex and thought that it might be for me, I did a lot of online research and came across many wonderful offers. Some of these were for automated systems that, once installed on my computer, would place my money in the forex markets and make millions for me. Very little effort on my part. Just the purchase of the product.
It sounded great. Fortunately, I didn’t have the money to buy one – which gave me the time to dig deeper and I came across many sorry stories of losses incurred due to the use of these robotic systems. The truth is, the only way that you’ll make any money from them is by selling them.
Forex is very frustrating for those of us who are new to it. We feel as though we’ve made progress then somebody somewhere mentions “fibonacci” or “bearish bulls” and all of a sudden it’s as if we’ve been beamed up to another dimension where shorts are long and dollars are volatile.
Back down here in the real world the truth is simple - educate yourself about forex. Primary research will help you to avoid getting scammed when buying forex products and to Manage Risk while Forex Trading.
Take a look at the tutorials for te eToro strategies - that's a good start.
1 post • Page 1 of 1
1 post • Page 1 of 1
Return to Sharing the trading experience