Training Yourself To Be A Forex Sniper

Filed under: Learn Forex Trading |

Screen shot 2013-04-04 at 09.53.25In the sporting world, who would you expect to have a successful career – a footballer with a lot of talent who never trains, who drinks every night, and who turns up late for the matches: or, a footballer with some talent who trains hard every day (and even stays late when everyone else has gone home), who sticks to a strict diet regime, and who is always on time for every match and training session? I would wager that it would be the latter, in fact, in the modern game, I would bet my life savings on it. So what makes people think that they can simple waltz into the world of forex trading and be successful right from the outset? Amazingly, this is what many people do, and this article today will look at some of the reasons why, and what you should be doing if you are a beginner, or even an intermediate level trader.

 

To begin with, one of the problems seems to be that the forex market does attract a lot of intelligent people from other fields and high-level professions (such as lawyers, bankers, doctors, teachers, etc.), many of which are educated to a high level. Many people see the forex markets as an IQ test, a measure of intelligence – but this is simply not the case. Even someone with a very average or even below average intelligence can be successful in the forex markets. In fact, it might even be an advantage as it is better to keep things simple and not to overcomplicate the markets with too many indicators.

 

So, what should you be doing? Well, just like the sportsperson, you should be practicing, practicing, and then practicing some more. You need to train yourself more than anyone else, you need to get an edge in the market, and this edge comes only with experience and knowledge.

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