I was watching a video on You Tube the other day about Forex trading and why so many people fail before they learn how to do it. The guy speaking on the video said the biggest problem that most new traders have when they start out in Forex, is the problem he had himself.
He said 'When I started trading Forex - I didn't know - what I didn't know'.
I would have to say that is one of the best phrases that I have heard about Forex trading and probably the most true. This certainly applies to me. We think we know how to trade but even if you have traded before with stocks etc, it actually takes a couple of years to really understand Forex trading. I am going to be doing a post about things that I would like to go back and say to myself when I was just starting out in FX trading if I could. I will try to do it over the weekend sometime.
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