You know that poor statistics when 98% of all traders just lose their money. And do you know why?
The reason is not that so many traders can`t trade at all or don`t have profitable strategy, algorithm or anything else.
The deal is that many traders always look for or just buy somewhere in the web ready to use systems and tools, or study theory that was written in a very poor way. But they forget about the basics.
I do not say that there are a lot of poor systems, indicators or other tools which help to loose your money. But you can hardly use them full strength unless you are the creator. And I want to say that you can start trading having no system at all.
Can you give an example of Forex indicator, pattern, signal or another tool that always work 100% without exclusions. Of course no. Almost all of them are based on history. And when we see on the chart something that looks like a figure someone saw before and described it, we hope that it will repeat again. But we can`t know for sure. The same with indicators and other tools. They show us the chart past. And very often it is too late to use their signals.
No one knows how the market will behave.
This book combines techniques I described in my other titles and includes both very simple and effective risk management and techniques to finding entry points.
