The 7 Deadly Sins of FOREX - and how to Avoid Them by Marc Low - HTML preview

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SOLUTION:

Don’t sell yourself short! Practice, practice, practice, and in a demo account for as long as it takes to show a consistent pattern of profit. If you do choose to look to someone else for advice, seek advice not on “tips”, but on skills. Tips are not a transferable skill. The old adage of “Give a man a fish and he eats for a day; teach a man to fish and he eats for a lifetime” holds true here.

17 The 7 Deadly Sins Of FOREX (And How To Avoid Them)

There is little value in getting someone’s opinion on what this currency or that currency will do next. Rather, ask them how they came to that decision. Learning to “see” the market as someone successful sees the market is the only valuable skill to learn; mimicry has a short shelf life.

18 The 7 Deadly Sins Of FOREX (And How To Avoid Them)