11 Misconceptions about Forex (that can ruin your trading career)

Misconceptions in Forex

Trading successfully is probably one of the most rewarding jobs on earth. It’s beautiful.

Sadly though, not many traders get to that goal. And the reason trades don’t achieve their goal varies…

Some traders get attracted to the forex market because of the wrong reasons (i.e. looking for easy money). Some other traders come to the forex market already with a losing mentality, so it is just a matter of time before they wipe out their trading accounts, etc.

And that’s sad you know, because it’s not their fault, some times they just saw a misguided ad somewhere, or read about it in a blog, they thought it was easy, decided to open an account and boom.

So in this post I’ll try to address the most common misconceptions about trading.

If you think I forgot about an important one, let me know in the comment section and I’ll add it.

Here we go…

#1 There is a system that is right 100% of the time

Some new traders (and a few experienced ones) come to the forex market looking for the holy grail of trading: the system that is right 100% of the time.

If you are one of them, I don’t blame you, I know some broker or other trader made you believe that.

But let me tell you something.

There is no system that is right 100% of the time (sorry to disappoint you).

You are going lose trades, but you will also win some other trades, you just need to make sure you make more money when you win than when you lose.

You don’t need to be right 100% of the time to make money, in fact, I can prove you that even if you are right only 50% of the time you can make money.

Let say you take 10 trades, you win 5 and lose 5. When you win, you make 100 pips, and when the market goes against you, you lose 50 pips.

5 trades x 100 pips = 500 pips
5 trades x – 50 pips = – 250 pips

Final result: 250 pips on your favor.

This is what a 2:1 (100/50) risk-reward ratio (RRR) can do for you, imagine what a RRR of 3:1 or 4:1 can do for your trading results…

Really… do some calculation and see what you can get…

Key Takeaway:

So this is how it works: there are two important aspects of every trading system:

  1. Accuracy
  2. Risk reward ratio

You don’t have control over the accuracy of the system (you never know if your next trade would be a winner), that’s given by the market.

What you have complete control of (well, at least 99% of the time) is how much are you willing to risk and how much you are willing to make in each trade.

So you just need to make sure that you have a RRR greater than 2:1 a sound entry system and you are god to go.

Still with me?

Ok, here is another one…

#2 The more complicated a system is, the better results you’ll get

I’m sure you’ve seen a chart like this one:

complex chart

Does it make sense to you?

At least not to me.

If you trade like this, I don’t blame it on you, it’s human nature: we always want an explanation of everything (why the market moved like this, like that, we incorporate a new indicator or new tool for each move, and we end up with a system that is very complicated to trade).

For some reason we think that the more complicated a system/strategy is, the better results we are going to get.

But that couldn’t be furthest than the truth.

In fact, I can tell you that the more complicated a system is, the worst results you will get.

Why?

Because if you keep adding tools, indicators, etc more things could go wrong plus, at some point, all your tools and indicators will get you confused and you are not going to be able to take good decisions.

And you know that trading is about taking the right decisions at the right time.

Key takeaway:

If you use a chart like the one above, get rid of everything (I mean tools & technical indicators).

Just use one indicator, and use it as a filter instead of an entry signal.

I’ll also recommend you to use support & resistance levels, they are one of the simplest tools to use, and yet, one of the tools that can help you get the results you are looking for.

#3 Fibonacci and other magic formulas can help you get better results

Golden Ratio Forex

Alan Greenspan, in my opinion the best forecaster ever. In his book “The Age of Turbulence” mentions what he thinks about currency forecasts:

“…forecasting exchange rates for major currencies is as accurate as forecasting the outcome of the flip of a coin.”

If this is what the best forecaster in the world thinks about forecasting currency movements, what’s left for us?

Let me tell you what I think.

Well, I don’t think we (traders) should be moving in that direction about “forecasting movements”

It’s all about adapting.

And by “adapting” I mean, instead of trying to guess (some traders name it “forecast”) what the market is going to do… We should trade based on what the market is actually doing.

In other words, let the market make its first move, let the market tell you where it is heading, and once you are confident about the direction the market is likely to take, then make your move.

See the difference?

I think Elliot Waves, Fibonacci, Gann and other forecasting tools are probably the result of us trying to find an explanation of every single movement of the market, but hey, sometimes there is no rational explanation of why the market moves like it moves.

Key takeaway:

Instead of trying to guess, you need to patiently wait for the market to tell you which way it is heading.

Wait for the market to make its first move, then you make your move, wait for the market to tell you what direction to trade.

Do you agree with me?

#4 What doesn’t go up, must come down

Do you know what the heck do I mean by this?

Any ideas?

Some traders come to the forex market with the wrong idea that the market either goes up or down.

So they think, if my “long” didn’t work, I’m just going to “short” it.

But that’s not how it works, most of the time they end up with two consecutive losses.

So the best thing to do when you get stopped out is to forget about that currency pair and go look for trade opportunities on other pairs.

The market could trade in very different ways, sometimes it goes up, some others the market goes down, some others it just stalls, some others it behaves in erratic ways, etc.

Key takeaway:

There are times when its best not to trade a particular currency pair (or market).

How do I know when to trade and when to stay on the sidelines?

I only trade the currency pairs that have the clearest market conditions, the ones that I’m certain what the market is likely to do.

This is the reason why we shouldn’t focus just on one currency pair (but more on this later).

#5 You can get rid of emotions

fear and greed in ForexSome traders say that once you get rid of emotions, you will trade with successful results.

Well, let me tell you a little secret:

You cant get rid of emotions.

They are part of us, they are what make us humans, they keep us alive.

So what we need to do instead, is to make them work on our favor.

We need to have fear, but to trade outside of our system, that’s what we need to have fear of.

Key takeaway:

Emotions are part of trading.

The best way to make your emotions work in your favor is to have a system that fits your trading style, risk profile, time availability, etc.

This way you’ll feel confident and comfortable trading with it, therefore you’ll have no problems trading it with discipline.

Do you know what around the corner after trading with discipline?

You guessed it, consistent results.

That’s the reason you need to make sure to trade a system that you feel confident & comfortable with.

#6 Robots and automated trading is the way to go

Some other traders try to get rid of emotions using automated systems… but…

So your idea about trading was to find out an automated system (or robot) that traded for you all night and day long…

While you did something like this:

mexcar

Mmmmmmm

Yeah, right….

I’m sorry to disappoint you, but that never is going to happen and here is why.

You see, even when you see two patterns and think both of them are identical… they are just similar, and because they are just similar, each one of them have different possibilities.

One might end up going up and the other one down.

So the thing is this, an automated system its supposed to trade in the same way during all market conditions.

This is like saying that the market will adapt itself to the system/strategy, and that is never going to happen.

Key takeaway:

Traders are the ones who are supposed to adapt to the market conditions, not the other way around.

In fact, I think this is the only way to achieve consistent results, to adapt to the market conditions.

If the market is going up, you look for long opportunities. If the market starts to go down, then you adapt and start looking for short opportunities. If the market trades in a range, you go ahead and start looking for trades on the extremes of the range, and if you see the market doing crazy things, you just stop trading that currency pair.

It’s good that we have plenty of currency pairs to choose from.

So the idea is to trade only the pairs that have a clear market condition, forget about the other ones.

#7 It’s best to start trading only with one currency pair

Trade only one pair

I know that new traders need to get their feet wet little by little.

But once you understand the mechanics about trading, and start taking some trades, it’s a big mistake to trade only one currency pair.

You might find arguments that its best to get to know a pair better, or it’s easy to get overwhelmed if you trade many pairs at a time.

The thing is this, sometimes the market is not tradable. What I mean by this is that you need to trade the market only when certain conditions are met, for instance, when it’s got a clear market condition, it’s got good profit potential, etc.

But there times when the market its just too choppy, it starts to do crazy things, and if you are trading only one currency pair, you are going to force yourself to take trades under those market conditions.

And believe me, you dont want to trade under those circumstances.

Key takeaway:

The idea is to trade only the currency pairs that have the clearest market condition.

And in order to do that, you need to analyze a few of them and focus only on the ones you feel most comfortable with.

If you are just getting your feet wet, yes, start only with one currency pair, but once you start placing some trades, the best thing to do is to focus on more.

Or… does it make sense to trade a currency pairs that is behaving erratically? Why would you risk your capital in that currency pair if I’m sure you can find another one with a clearer market condition?

See my point?

The idea is to trade only the pairs that have the clearest market condition, that’s it!

#8 Our job as traders is to make as many pips as we can

trading-desk

Some traders think that our job is to make as many pips as we can every day.

But that’s not true.

You can make many pips using different methodologies, like:

  • Trading the news announcements
  • Following someone else’s advice
  • Following out gut
  • Just because you felt like going short

But non of the above are good for us… Do you know why?

Because we are not able to replicate those results in the future.

So our job as traders is to make the kind of pips that we can replicate in the following days, weeks, months and years to come aka. Following a system.

Key takeaway:

This means that our job as traders is not just to make pips, but to make them using and following a clear system/strategy.

This way you will be able to get similar results in the days to come.

You see where I’m getting at?

#9 In forex, 2 + 2 equals 4

Picture these two scenarios:

You are asked to answer one of the most difficult questions ever: 2 + 2 = ?

Scenario A. 2 + 2 = 4, right… you get your candy.
Scenario B. 2 + 2 = 4, wrong… you get slapped.

Most areas in life are like Scenario A. You do everything right, and you get good results. You follow your rules, you do what you are supposed to do, and everything runs smoothly, no body yells at you, no body slaps you, and you get the desired results.

But trading, trading is a little different. In fact, it is more like Scenario B. Even when you do follow all your rules, even when you do exactly what you are supposed to do, you could be wrong. H

Hey, but it gets weirder, listen to this… you could also do everything wrong, you could do the opposite of what you are supposed to do and you could be right!!!

Weird isn’t it? I don’t know about any other areas in life where it gets like this… if you know of any, let me know, I have a tendency to like them :)

That’s right, even when you follow your system, let’s say you go short at 13:30, the market could stop you out at 13:31… But you are still doing things right (if you followed the system).

So we need to adapt, most of us think that there is a positive relationship on doing things right and the $$$ result (monetary result). But in trading it isn’t like that, the relationship that is really important about “doing things right” is: whether or not we did follow our system:

The relationship is like this:

Forex Diagram

So far we have talked about doing things right (following your system), and having a negative outcome. But the other side is even more devastating: Not following your system and the market goes on your favor.

When this happens, you’ll start to think that you are even better than your system, unconsciously you will not trust it and try to outguess it and you know what happens next…

Key takeaway:

We do things right when we follow our rules, regardless of the end result of our trades.

And the next time you outguess your system, I hope the market turns against you… believe me, It will be better for you!

#10 You can double your account every month

The other day I got contacted by a trader, who wanted me to teach him how to make 100% on a monthly basis. He said “it’s per month eh, not per day or week… I’m not asking something unrealistic here”.

I explained to him it is impossible to achieve like that and he replied, “Well, I better take my business somewhere else”.

Let’s see what happens, just for fun… If a trader starts with US$250 of trading capital (some brokers allow you to open an account with that amount of money) and consistently achieves 100%, on a monthly basis. This is what I get from my spreadsheet:

Unrealistic expectations Forex

By the end of the fourth year, you’d be the master of the universe (I’m not kidding, you’ll own everything you see + everything seen through the Hubble telescope).

You think this is possible? Of course not, that’s out of question, but why would someone think this is possible? If you thought lack of education I agree with you.

Some traders are attracted to the Forex market because of sales ads around the web/tv showing how easy is to make money on the Forex market, and of course most of them never mention the risks involved.

Larger returns always require larger risks.

If you want to get 100% of return per month, you’ll need to risk a similar amount of money. And yes, you could get lucky the first few months, but sooner or later, the market will teach you that this is not a game and you’ll probably end up blowing up your entire account because you are risking too much.

Key Takeaway:

So, instead of trying to own the world on the first four years of your trading career, why not trying a more realistic approach: growing your account steadily, risking a small percentage of your account per trade, using sound money and risk management techniques, handle each trade, being disciplined? From my point of view, this is how it’s done.

It requires discipline, hard work, commitment, managing risk and capital, a sound strategy, to know yourself, control emotions, and more to make it possible. Yeah, it’s not easy (there is no free lunch), but listen, once consistent, it is probably the most rewarding job on the world.

At the end, I think articles such as the one you are reading, or the one on Reuters I mentioned above are good, not because of Forex being riskier than other markets, but because the better traders are educated about the risks involved using leverage, the better their possibilities to succeed in their task to become profitable traders.

#11 The most important aspect of trading is your entry signal

buy sell forex

If the market is going down… It doesn’t matter what tool, indicator, system, methodology you use to go long, the market will stop you out.

It doesn’t matter if you trade off the 1 minute chart or off the daily charts, if you keep going long when the market is likely to continue its way down, the market will get your stop loss level.

You can even be the most mentally fit trader in the world… but if you keep going long when the market has a bearish sentiment, you will most likely get stopped out.

Our job as traders is to trade is not to trade every day… Our job as traders trade only when the market has a good possibility of moving on one direction over the other.

So we need to be able to analyze the market and determine whether it is more likely to go up or down.

That’s it!

Key takeaway:

When you know what the market is likely to do:

It doesn’t matter what tool, indicator, system, methodology you use to long, if the market is likely to continue its way up, and you go long… you are more likely to win that trade.

You can trade off the 1minute chart, or the daily or weekly charts… but if you keep going long when the market is moving up, you are more likely to win that trade.

It doesn’t even matter if you are the least mentally fit trader in the world, if you go long when the market is likely to move up, there is a possibility that you will win that trade.

You Turn

I want you to do one thing for me…

Leave a comment below and tell me if you agree with me with all these misconceptions.

Or if there is something you don’t agree with me, I’d also love to know.

So please leave a comment.

  • Yousaf Hameedi

    Very useful info. Thank you for that. I am almost new in this field, any advice will by highly appreciated.

    • Raul Lopez

      I’m glad you liked it! Good luck!

  • segun

    Mr Raul i must be sincere with you i got sth here and it’s really working and happening in the world of FOREX. But one thing i was able to affirm is that MM (Money Management) plays a major role in the life of a successful traders and there is no other strategies one can use to trade FOREX successful except SUPPORT and RESISTANCE.

    And above all thank you for this GREAT Article, you have always been great since 2007 that i have known you.

    Permit me to day keep it up…..

    • Raul Lopez

      You are right Segun, MM plays a very important role in trading…

      Let me know if you need anything else!

  • Mzwandile Manqele

    Thank you for sharing this knowledge Raul. I totally agree with you man. We’ll keep in touch

    • Raul Lopez

      Thanks Man! I’m glad you liked it!

  • Eliã De Matos Lima

    Totally agree… Somethings I was thinking wrong about forex now my mind i clearer. Nice!

    • Raul Lopez

      I’m glad this article was helpful… Let me know if I can help you with anything else!

  • Zaza

    I can relate with some of the above. After reading your eBook last weekend my trading really took a great turn. Support and resistance do make things easy and following the market condition is the best. I have bee stressing for a while trying to think which way will the market go and that can leave you with a very heavy head.

    Thanks for keeping it so simple Raul.

    • Raul Lopez

      I’m glad it has been useful Zaza… Let me know if you have any question!

  • Sbo Ncwane

    Thanks Raul, Every novice trader should have this printed out, You have just explained it in the simplest of form, some of us novice traders think the market is out to here to chop us, we even think someone somewhere is pulling the strings to make sure we loose out. But reading this i now understand thats not realy the case, We tend to think the market will respond according to our expectations always, but the case is we just have to align with it as you have just explained. Thanks a lot, I will surely share this with my fellow novice traders in our group.

    • Raul Lopez

      No problem Sbo, let me know if you have further questions!

  • Michael Mario

    Thank you very much Raul for this wonderful article

    • Raul Lopez

      No problem Michael, let me know if you have further questions!

  • Denny Mursali

    Hello Raul,

    How about take advantage of carry interest.
    when you make profit close the position.
    when you lose then hold it and earn interest just like fixed deposit.

    • Raul Lopez

      Hello Denny, you mean what you mention are misconceptions???

      Yep, you can take advantage of carry trades, but you’ll need to hold them for a while in so you can get good interest…

      But I’d rather close my trade if it goes against you, and prepare for my next trade… you could be waiting months or even years before the market turns around and you see some profits because of the carry interest…

      That’s the reason I wouldnt suggest you to trade that way… I’d seem like you want to win anyway, but you must accept the fact that some times the market will move against us… it will always happen, it happens to even the most experienced trader in the word…

      Good luck!

  • Liz

    Very wise words, Raul! Great article, all traders should re-read it on regular basis!

  • felix samson onoura

    Hi Raul. I commend your great hard works in putting up this article. I’m just a newbie clear market conditions is just too important for me.can you refer me to more lesson on identifying clear market conditions with entries.

    • Raul Lopez

      Read my Blog, you’ll find plenty of information that will help you understand my methodology to trade the forex market.

      Let me know if you need anything else.

  • Muthu Chellappan

    I tried to trade but until now keep on losing

    • Raul Lopez

      Hey Muthu,

      Well, you need to develop a system that fits your trading style and risk profile so you can trade it with discipline… Forget about technical indicators, forecasting tools, etc. Follow price action!

      Good luck!

  • John Folks

    Well, I wrote a lot but when I signed in, I lost it all! Learned that lesson, sign in first. You are absolutely right on every point. You have to know what the market is doing and look for entry signs that the market gives clues. Trade with the trend. Always use a stop loss. One entry and two exits. be consistent with your RRR. For every pip in risk take only trades that have a good probability of rewarding you 2 pips. Have a well thought out strategy or two. Follow the plan, follow the plan, be consistent. You will not always win even when you do everything right. There are other conditions that may impact the market that you are not aware of. Can’t know everything all of the time. So, limiting your risk is a BIG DEAL in this game. Let the profits run….:)

    • Raul Lopez

      I’m sorry about that John, but that’s how technology behaves at times… If it helps you feel better, it has happened to me too :)

      That’s the key: limit your risk and let your profits run! That’s it, you dont need anything else… you are good to go hehehe

      Let me know if you need anything else!

  • Khalid Mastoi

    I really appreciate With your ideas and nice information about mis conceptions. Thanks For sharing this knowledgeable article.

    • Raul Lopez

      NO problem Khalid, should you have any question dont hesitate to comment back

  • pascal81

    I totally agree with u Raul thank u for the mind refreshing article

    • Raul Lopez

      NO problem Pascal, let me know if you need anything else.

  • Joseph Howard

    Hello Raul My name is Joe and I trade NADEX Forex binary options . I find your advice very helpful . Before I read your e-book . I had a problem with my system .I would review a currency pair, see a bullish trend buy a strike price hoping the market would sustain a price like an hour before expiration. Then right before the binary option expired the market would turn against me and I would lose the trade. What do you suggest ?

    • Raul Lopez

      Read my eBook again… its even easier to apply it with binary options. You’ll what I mean…

  • northernleg .

    Hello Raul this is Samson speaking, I re-read your e-book several times yesterday and finally the penny dropped. Support buy at the bottom Resistance sell at the top. Using your technique I’ve been watching the USDJPY on the 1H time frame, and price hit the trendline more than twice so I’m considering placing a trade; What do you think?

    • Raul Lopez

      That’s the way to go, trading S&R levels… I wouldnt trade trendlines though… Good luck!

  • northernleg .

    My name is Samson and you are right I might have to re-read your e-book again to get a fuller understanding of what your talking about.

    • Raul Lopez

      Thanks Samson… Yes please do it. The reason I’m telling you this its because once you get this S&R level right, everything else becomes easier: no you know where the market is likely retrace, what levels to take as important breakout lvls, etc.

      Once you read it let me know if you have any questions alright?

      Cheers,

  • northernleg .

    Yes you are right the market condition is bullish but trend is bearish. I placed my resistance level at 99.783 a couple of hours ago and price seams to be falling

    • Raul Lopez

      Whats your name by the way?

      I see what you mean, but in order to set a resistance level you need a least two rejections. Take a look at the eBook again, you’ll see the methodology I use to set S&R levels.

      Good luck!

  • northernleg .

    O.K. Maybe I didn’t make myself clear. Right about now according to my analyse the USDJPY on the 1H time frame has hit it’s resistance level and price will start to fall. How can I findout how far price will fall.

    • Raul Lopez

      USDJPY falling down??? I dont think so, It’s trading in a bullish condition and it is likely to continue its way up.

      How can you find how far the price will go up or down? Please read my eBook, I detail exactly how do I find that level.

      Good luck!

  • northernleg .

    Hi Raul I want to know something. After going through the process of analysing your charts, you’ve found the clearest chart to trade on, how do I know when price will breakout.

    • Raul Lopez

      Hey, you dont know that, you just know that some types of breakout have a higher chance to follow through, you just trade those…

  • Karan Kapoor

    Hi Raul . I read your article and found it to be very informative. But I have a query. You said that we should trade more than 1currency pairs. I stay in India where our currency is Indian rupee.(inr). We can only trade in usdinr,eurinr,gbpinr and jpyinr. Do you think that this limited choice poses a hindrance ?

    • Raul Lopez

      Hello Karan, maybe open an account with another broker who allows you to trade with other pairs?

  • Irene Baty

    Raul, I very much enjoyed your lesson above. I hate to show how ignorant I am but what is a stop loss and how does it happen? Can you reverse it before the trade finishes? I really love the idea of less is more – I hate the look of so many indicators on charts. Please hurry and send me more just like this that I am able to understand. It is much appreciated. Irene

    • Raul Lopez

      A stop loss is the level at which you decide to get out of your trade at a loss, the risk is not worth it anymore because it’s been going against you, and you are better off closing that trade and looking for trade opportunities elsewhere…

      I know, I also get confused with technical indicators… Go with price action, I think its the way to go…

      Good luck Irene!

  • NILESH

    THANKS MR. RAHUL

    THIS INFO IS VERY USEFUL FOR ME

    • Raul Lopez

      I’m glad it was useful Nilesh… Good luck!

  • Daniel

    Raul, many thanks for sharing your insights. I’ve just started my trading journey and whilst I studied finance extensively, actually doing it in practice is a different ballgame. I was initially disheartened to see the vast array of complex strategies and associated failure stories, however when I started reading your material it’s crystal clear that so much is overcomplicated to traders’ detriment! Keep up the good work, look forward to reading more of these brilliant articles.

    • Raul Lopez

      Hello Daniel,

      I agree with you, it’s a whole different game and that trading should be simple…

      Let me know if you have any question alright?

      Good luck!

  • Bing

    A fabulous article! A clear and practicle guide for traders. I have not started trading but have been following your articles and finding them very useful in setting the mind right.

    • Raul Lopez

      I’m glad you liked it Bing… Make sure to to trade real money only when you are able to get consistent results on your demo account.

      • Bing

        Hi Raul, thank you very much for your reply and further advice. I actually didn’t know it was important to first trade on a demo account. I was planning to start trading on a real account once I finish the courses you developed for beginners. I guess I should change the thinking now. Is there a benchmark for how long one should trade on a demo account, say one week, one month or whatever? Thank you again. Bing

        • Raul Lopez

          I dont think there is a benchmark for that Bing… it’s rather based on your results. The idea would be to trade your demo account until you get consistent results. First open up a small account so you see the difference between a live & a demo account, and once you get satisfactory results, add more funds, etc.

          You need to make sure you are trading a system that fits your trading style, risk profile, personality, etc. This way you’ll be able to trade with discipline and consistently.

          Trading successfully requires patience, discipline, experience, hard work though… So be prepared. Is it difficult? Yes it is, but it is also one of the most rewarding jobs on earth…

          Good luck and let me know if you need anything else.

          • Bing

            Raul,

            This is so helpful! I can’t say enough of my appreciation for your advice. I have traded stocks and options for a few years (did a bad job), and dealt with many financial services people; in a world where money is everything, you are the very few who share their wealth of knowledge willingly and give out valuable advices freely! I admire your generosity in helping other people with their trading career.

            I am sure I will turn to you for more advice when I start trading.
            Thank you again.
            Bing

          • Raul Lopez

            No worries Bing!

  • Jaiprakash Purohit

    I am a new trader.I have carefully gone through your article and really agreed with all misconceptions narrated therein.Your article is not only helpful but also it will act as a guide for me.
    Thanks and regards

    • Raul Lopez

      Sounds like a good plan!

  • Chad Hogan

    Hi Raul, yes all those misconceptions seem right to me. Even number 9! As an experiment I used to trade my own system called the ‘exact opposite’. It was trades I took that were the exact opposite of what I thought may happen. The funny thing about it I had some good winners. !
    Thanks mate.

    • Raul Lopez

      hehehe I know, that sort of things happen in trading, and not only in Forex, but in futures, stocks as well…

      Good luck Chad!

  • Thanapong Pipattanasak

    I love this…”Wait for the market to make its first move, then you make your move, wait for the market to tell you what direction to trade”

    • Raul Lopez

      Hey there, that’s how I can resume my whole strategy.

  • Waqas khan

    wow. this article is treasure of knowledge. every trader should read this.

    • Raul Lopez

      Hey Waqas, dont hesitate to share this article with your trading buddies.

  • Robert Gregory

    A i.inspiring article written in easy to understand language

    • Raul Lopez

      I’m glad you liked it Robert.

      • Andrew Michael

        Hi Raul
        I’m totally new to trading. Haven’t started yet as I’m still educating myself. This article and your e-book show that trading doesn’t have to be complicated. It is really knowledge+common sense+methodology.

        • Raul Lopez

          Hey Andrew, welcome to the world of Forex… You are right, trading itself is already complex, and if we keep adding complex stuff things could go wrong…

          Let me know if I can help you with anything.