​Five Fatal Beliefs in Investment!

The majority of investors hold wrong beliefs in making money via forex trading. The most lethal ones are introduced herein for your reference!

1. Predicting the market is a precondition for being wealthy.

Observing trading charts can be didactic instead of decisive in predicting the timing of entries. Predictions are hard to be guaranteed as correct every time owing to the ever-changing market.

2. Insider information is a shortcut to gaining profits.

Insider information witnesses its good sources and bad ones being intermingled. Why is the information disclosed to you for free if it is really useful in forex trading featuring a zero-sum game？

3. Taking huge risks is inevitable in making a fortune.

Instead of risk-taking, successful investors prefer avoiding risks to minimize potential losses. Traders taking enormous risks are more likely to end up with hefty losses rather than handsome profits.

4. Heavyweights are trustworthy.

Some investors believe that they can enjoy the same amount of returns as moguls do as long as they adopt the trading system alike. However, one man‘s meat is another man’s poison. The individual trading system should be explored in ones practice.

5. The market will prove me right.

Usually, these investors are so experienced in this forex trading that they think they are knowledgeable enough to foresee the future. However, with everything changing, traders insistent on outdated thoughts are often hit by a wipe-out after their entries.

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