6 Myths Slash Your Currency Trading Profits

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Have you ever wondered why the vendors sell systems when they could simply get a banana and trade their systems? Enough said on this one! How about some Positive Advice? If you want to make big currency trading profits, you need to do it for yourself. Get a plan you have confidence in, and execute the plan and dare to trade for large gains when they occur. Below you will find the 6 common beliefs followed by the bulk of traders and if you believe these myths as well, then they will restrict your chances of making significant currency trading profits. 90% of currency traders believe at least one or more of these myths, which explains why 90% of traders don’t make much profit by trading currencies!

1. Always be in the Market

You should always be in the Market in Case you Miss a Move. Traders love excitement, and their view is, if they are in the market they may catch the big move. Well, they may, but chances are they won’t. The big trends only come a few times a year in each currency – and you should stay out of the market until they come, otherwise, you will take losses, and run up commissions that will deplete your account. Wait for the big trades. patience is a virtue in trading.

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