Why do you need a Forex trading system to succeed? A story of two Forex traders just starting out
Whatever field or investment you want to make, there are always tools and resources available to help you. And that is especially true when it comes to Forex. The Forex market can be quite overwhelming and becoming a successful Forex trader does not come from pure luck. There are simply too many factors that can affect the direction in which currency prices move.
Here are two important realities to consider:
1. Most beginners try to meet Forex without help or tools. (Most newbies lose all their money).
2. Most successful traders use a Forex trading system to help them (successful traders make VERY good money in Forex).
But even with these widely known realities, newbies are still trying to attack the Forex blind by basing their buying and selling decisions on limited knowledge and experience. It is only before they have lost all their commercial funds that they think it would have been smarter to invest in a Forex trading system and software from the beginning. Don't make the same mistake. If you want to be successful with forex trading (that is, performing consistent profitable trades), it is highly recommended that you research the many funded forex account
systems and software on the market.
Let me illustrate more with a story of about two Forex traders:
Tom and Jim have been reading a lot about Forex recently. Both have spent hours online trying to understand what currency trading is and how (and if) they can make some quick profits. All the marketing ads they read say they can raise their money very, very quickly. Of course, there are some risks involved, but the potential benefits are too good to move forward. Then both decide to try Forex and see if they can try it.
Both boys are very motivated and will give Forex their best chance. Then, each of them will invest $ 1,000 of their foreign exchange savings. If they lose $ 1000, they leave Forex and reconsider whether they will try again in the future. By investing a thousand dollars, both have shown that they are fully committed to getting Forex working for them.
Tom takes his full $ 1000 and transfers it to an online Forex retail broker. Tom makes all his business decisions on his own. He does his own research and looks in Forex forums and blogs to see if he can get some much-needed advice.
Jim takes a different route. Although he is as motivated as Tom, he is also aware of the complexities of the Forex market and realizes that he does not have much experience at this time. He then takes $ 900 and transfers it to the same Forex retail broker as Tom. Save the remaining $ 100 to access tools and resources (ie Forex trading systems and software) to help you make better exchanges. I used to trade stocks and knew firsthand the benefits these tools and resources can have (especially if you only learn the ropes).
Tom jumped directly into forex trading. His first exchange began positively, but quickly went south. Before he could publish his sales request, he had lost $ 100. Although he had some less profitable operations, his business history was generally very similar to his first operation. Many exchanges started well, but for some reason (who simply did not have the experience or knowledge to understand), they would eventually have a downward trend. By the end of its first month of currency trading, Tom's trading account had dropped to $ 400.
Jim did some research and found Forex Ambush. This was a membership site that gave its members winning signs. What really caught his attention was that they boldly declared that their commercial signals were 99.9% accurate. How could they make such a bold statement? Jim did some more research and found many positive comments from current members. And there was one more thing that finally got Jim to try Forex Ambush: They offered a 7-day trial at a fraction of their normal price.
For less than twenty dollars, Jim had seven days to try Forex Ambush and his precise trading signals of 99.9%. I was really excited. He had $ 900 in his Forex trading account and still had $ 80 + to spend in case Forex Ambush didn't help.
The next day, Jim received an email with a commercial signal from Forex Ambush. He was still very new to Forex, but with the bold precision of precision still in his mind, Jim pus