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General Forex Discussion
Do you need a teacher to succeed in Forex?
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[QUOTE="patjr, post: 54004, member: 28462"] I do agree with you. But where do most people go to learn on their own, websites, forums, brokers? Most people learn just enough to lose their money. The facts don't lie. This came from IBFX, "95% of their new live accounts will put $10,000 in their account, TWICE, lose it all and quit". That is a lot of money and the brokers love it. A person can only learn so much on the internet, but I feel that a person cannot become "consistently profitable" unless they know things like, UDF and how to use it, Current swings, what they are, what timeframe, where they start and end, historical levels, these are what the banks trade from and they are present in each timeframe, how do I find them, which one is strong, which are not so strong. I always hear people talk about, "Trade with the Trend", if that were true everybody would win. People need to learn "Trade with the Banks", but how does one do that? These are all things that you cannot find on the internet but are so important in trading this market. So I do agree with you to some degree. But there is so much more to learn in order to turn this into making a living and it is not on the internet. I believe in this market it is "Forex Yes or Forex No, Forex sometimes will lose your account. Pat [/QUOTE]
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