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Archive for May 19th, 2009

'font-style:italic;' class='uawbyline'>by Peter Thomas

All novice forex traders need to learn an important lesson. The realization must dawn upon them , that all their charts and indicators actually restrain their trading instead of helping them. It takes a lot of time for traders to realizes that.

You will find this quite illogical and hard to believe. I myself would have disbelieved it if someone were to tell me this during my initial period of forex trading.

During the beginning I had tried every indicator to make profits. You name it, and I promise you that I tried it.

Everything I tried went wrong. I focused too much on using the indicators and learnt very little about forex market. I thought, using indicators was a short cut to become rich. That was a really big mistake.



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