Catchy title eh. How many people will be typing that search term into Google? Lol.
This is the title of a video I came across from Greg Michalowski of Forex Live.
In the video, he gives you 5 tips on how to trade more like a pro.
You can watch the video below.
He’s a bit slow but it’s worth a watch, as his approach to trading is probably about as wrong as you could be. I think tip number 5 is probably about the best one, but his whole understanding of the market is average at best.
Now, this guy is apparently a professional trader, but no professional trader I know would ever approach the market as he does.
Forex Live is a very big site followed by a lot of people, and although I do use it for news feeds the traders on there are glorified retail traders at best. They have no understanding of the market from a professional standpoint. Yet 1000’s of retail traders follow what they say like a religion.
The site is funded by brokers and the whole ethos of the site is to encourage retail traders to open an account with a broker (for which they get paid a kickback), and by following their advice become a successful professional trader.
How many of you think that is going to happen? How many of you have already done that? How many of you continue to do that?
Well, I’m sorry to burst your bubble guys but this is not the way to become a successful professional trader.
Following advice from retail Forex trading websites will not make you successful, it will just make you frustrated and drain your trading account.
Any Forex trading websites that are sponsored by brokers are retail websites and following the information on them will lose you money. They are good for a laugh though.
There is only one way to succeed in this business and that is to pay a professional Forex trader to teach you how to trade.
Thanks for visiting my site and have a great day. 🙂
