Novice Forex Trading Mistakes - 10 Common Ones Make Any of Them and You Will Lose!

Here are some common novice Forex trading mistakes and if you make them you will end up in the majority of losers...

Here are your common mistakes, there in no order of importance there all important!

1. Forex Robots Make Money

Anyone who believes this is going to be disappointed. A few hundred dollars and you get an income for life - get real, if only it were that simple to make money!

2. Day Trading and Scalping Methods Work

Know they don't long term because all short term volatility is random and in this scenario you will lose. Forget day trading and scalping and trade longer term.

3. You can Predict Forex Prices in Advance

You can't prediction is simply hoping or guessing and you wont win doing that don't predict trade the reality of price change only and win.

4. You can Win Trading Breaking News

It's discounted instantly and furthermore, it's not the news that's important its how traders perceive it - we all see the facts and we all draw different conclusion from it. Sentiment is the key to Forex price movement, not the facts themselves so forget about trading news.

5. You can Win because You Work Hard

You don't get rewarded for working hard you get rewarded for being right and that's it - work smart not hard, save time and make money.

6. You Can Win Because Your Clever

Anyone can learn Forex trading and you don't need a college education and your trading needs to be kept simple which leads me to the next point.

7. Complicated Systems are More Successful than Simple Ones

Any system should be simple not complicated! It's a fact that simple systems work best as they are more robust with fewer elements to break.

8. Money Management is easy its Placing a Stop

Money management is much moir