You don't need to pay a lot of money for software. It seems Bitcoin News Trader Review like people are spending their hard earned money on "state of the art" charting packages. There is absolutely no need for this, when you have freely available charting software like Metatrader. In fact, you shouldn't even have to use the majority of the tools in Metatrader.
Learn the intricacies of the market. I understand that this may be kind of an obvious forex trading tip. But if you were to take a look at what a lot of traders (especially new ones) are doing, you should take it seriously. Too many traders want the shortcut. Many traders feel as if they can just stroll into the forex market and not study anything, and expect to be a millionaire within a month's time. Trading should be treated with respect, and when you use trading robots to trade for you, you are not treating it with respect.
Get rid of the indicators - If you are one of those kind of traders who has been used to using them, this may be a little difficult, but you'll be so much better off without them.When you look at a statistic like only 5% of forex traders make money forex trading, I can't help but think that many new traders are completely depressed at what they think is an uphill battle. They probably think it's nearly impossible to make a living trading the market. To that I would say, that's rubbish.Don't let it get you down that a lot of traders are struggling. There is are reason for that. It has to do with the fact that so many traders don't really take the time to learn the ABCs of trading. They have fallen into that "shortcut mentality".