24 November 2009

Forums Forex: «pros and cons»

If you're trading on the online Forex trading currency on a regular basis, then you probably spend a lot of time at different Forex forums. And this is understandable, because the trader - quite a lonely profession, but forums could bring as much benefit and harm.
Let's start by discussing the advantages of Forex forums.

First, if you are an inexperienced trader, you can learn many new things on Forex forums. You can find out the views of experienced traders, as well as information on the indicators they use.
With the help of Forex forums, you can also to some extent alleviate the loneliness due to the fact that you are working at home. Lack of social interaction - one of the shortcomings of our profession.

Disadvantages of Forex forums may not seem obvious at the beginning of your career, but once you become a frequent visitor to these forums, you will realize that they can have a negative impact on your success. Some traders are willing to make public their positions in an attempt to attract the attention of others. This is a sign of selfishness. However, other traders are beginning to copy their positions. Do not run into that trap.

No successful trader does not make state, copying other people's positions. Adopt the idea of successful traders, but in any case, do not copy someone else position. And then, do you really believe that these professionals spend their precious time on forums?

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