By: Sacha Tarkovsky
FOREX day trading is big business and there are plenty of FOREX day trading systems tip sheets and guru s who will promise you they can make you rich.
The problem is odds are you won t make money and ask anyone selling to you to show you a real time track record chances is are you won t get one!
FOREX day trading sounds good in theory but doesn t work in practice. Here s why.
Currency movements tend to reflect the underlying economic climate and interest rate outlook of the countries currency and they trade long term. Short term movements within a day are random and are the same as flipping a coin.
Even if you think you can day trade FOREX, consider one of the fundamental laws of trading:
Run your profits and cut your loses. [Read full article]
The problem is odds are you won t make money and ask anyone selling to you to show you a real time track record chances is are you won t get one!
FOREX day trading sounds good in theory but doesn t work in practice. Here s why.
Currency movements tend to reflect the underlying economic climate and interest rate outlook of the countries currency and they trade long term. Short term movements within a day are random and are the same as flipping a coin.
Even if you think you can day trade FOREX, consider one of the fundamental laws of trading:
Run your profits and cut your loses. [Read full article]
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