Monday, February 9, 2009

Ten Roadblocks to Success

Here are Ten Roadblocks to Success often faced by Forex traders:

1. You have signed up for two or three "systems" but none work as advertised.

2. You have purchased several books on technical analysis, but they are complicated and difficult to use in a fast-moving, volatile market.

3. You have watched so many different signals and studied so many indicators, you switch without a strategy from one approach to another. You are totally confused about when to buy and sell.

4. When you get behind, you force yourself to take bad trades in order to "catch up" or "get even". It's becoming more like gambling than disciplined trading.

5. You are paying big monthly fees for signals, but you still cannot achieve consistent profitability.

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