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Learn Forex Live - Forex Techniques That Help
Learning Forex is a very practical experience. Many new traders try to teach themselves to trade the currency market from purchased Forex techniques or currency trading systems in eBooks or other formats. This is by far the most difficult approach. It's a bit like trying to learn to swim by reading a good book on swimming. You have to learn Forex live.
This means making trading decisions using the live market. Using the current price movements as they are occurring to identify trading opportunities and setups.
When you learn Forex live it brings different aspects of currency trading into play. Your true currency trading psychology only comes out as you experience and look at the price movements that are made. Traders new to Forex suddenly feel their hearts jump as the price zigzags it way through the currency market like a small boat in a stormy sea. Every move towards the target causes relief and every move in the wrong direction cause tension strong enough to cause your stomach to knot and churn. All new and even some experienced traders go through this. It can not be explained or resolved in books. You have to learn Forex live to experience it and most importantly learn how you respond to these movements. Some traders just love the way the market moves. Others have extreme difficulties dealing with loses to the extent of being physically ill. Some end up making totally irrational trading decisions. Punch drunk from the market unpredictability and randomness. No Forex techniques or systems can prepare you for this.
When you learn Forex live you learn personal ways of dealing with the highs and lows of currency trading. Some traders build up such confidence in their trading strategy that they do not let losses or the price movement worry them as they know that losses are a part of Forex trading. The only way others can deal with the emotions of trading is to use a Forex robot to trade for them. That way the decisions are made for them and they don't even need to look at the Forex market while trading. Other employ Forex trading alert services or link the trading account to more experienced traders. All in an effort to escape the roller coaster emotional ride of trying using hands on Forex techniques.
Most new Forex traders think they can buy trading success by purchasing great Forex techniques in an eBook or other format. When you learn Forex live you learn the true nature of Forex trading and you learn a lot about yourself. It is an exciting journey but not one for the fainthearted.
Alex du Plooy is a partner and trader at at the online Forex trading company Expert4x.com. He provides articles, videos, free and paid Forex course and tools, live trading and training webinars. details of these can be found at his Blog at Expert4x or at on the website at Forex Trading Alerts