forex trading for beginners what the brokers don't tell you so you've seen the adverts on CNBC the internet or maybe been to a seminar on how Forex will make you rich overnight sorry to tell you the reality is that 90% of retail FX clients don't make money and
most accounts are wiped out in under six months but it's not all doom and gloom money can be made from FX but not by doing what the majority do Vince Stanzione is a self-made millionaire trader with 26 years experience in trading and investing and gives beginners these tips
number one forget about buying fancy software and don't waste your money on FX robots it's easy to get blown away with online trading real-time data chart business channels and bells and whistles the truth is less is more and information overload makes you a worse trader the more complicated
your system the less chance it will work and that you'll follow it the majority of technical trading indicators are a total waste of time and you don't need to waste money on expensive trading software that claims to predict markets the most important factor when trading any market is
the price number to day trading FX is a waste of time ultimately you'll lose money Vince did a study into new FX traders and found they made less per hour trading than working on minimum wage at McDonald's number 3 the most successful FX traders make money from longer
term trends Vince has held currency trends for weeks months and even years not quite what the media makes you believe that you have to be glued to ten screens all day brokers want you to over trade as that way they make more Commission and spread number four whilst
chance can be helpful don't look at short term charts they provide no value and are near random Vince uses daily weekly and monthly charts the main tools he uses our trend lines moving averages and support and resistance levels keep it simple number five new traders should have boid
OT CSX brokers and shouldn't use margined FX to start with consider exchange-traded funds on currencies and options on currency futures you get a better deal and have more protection using a currency futures contract than an OTC broker be aware what FX brokers often claim tight spreads which are
misleading number six many traders don't realize the news they hear and read has in many cases already been discounted by the market offer new traders jump into a market based on a story in the morning the market many times has already discounted the information number seven trade with
what you see not what you think you may think the euro is overvalued and you may be right eventually but if the price is moving from one to six one two eight one three two one three seven one four four one four seven it does not matter what
you think it does not matter what boo guru on CNBC says the price is moving up and you should be trading with the trend number eight many focus on the major currency pairs but over the years Vince has made large amounts from trading that not so well covered
currencies such as Norwegian krone Swedish Krona and South African Rand number nine sometimes the best trades in FX are the ones you don't make Vince trades currencies commodities stocks and bonds and can move from one market to another if the FX market is dull he will move focus
and funds to commodities number 10 new traders just think about the entry of a trade truth is the exit is more important than getting in Vince comments it's a bit like a relationship it's easier to get in then get out also the money management and the amount you
risk per trade is a factor that many don't spend enough time considering want to get some real advice and find out what the professional traders and investors do Vince Stanzione has launched a new course specifically for those based in the U to allow you to trade and invest
maximum profits in minimum time is designed for those that don't want to be glued to a screen all day but want to take control of their investments and make money regardless of if the markets are rising or falling Vince has been trading for over 26 years and shares
his experiences in a simple to follow way with no jargon the course covers how to make money in currencies commodities stocks and indices to learn more just go to WWF to Wall Street net
