Thursday, November 20, 2008

Day Trading Makes Money

This is perhaps the biggest myth in currency trading – Forex day traders DON’T make money!

Many vendors spread this myth, as it makes a good story.

It’s a good story and they make their money from course sales NOT trading.

All short-term volatility is random – prices can and do move anywhere in a day and support and resistance levels are meaningless.

In forex day trading you 100% guaranteed to lose over time as you cant get the odds in your favor – PERIOD.

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