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Forex Blog The Dog and the Bone
Forex Blog The Dog and the Bone
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Aesop’s fable goes something like this: One day a dog was carrying a bone across a bridge. Upon seeing his reflection in the water he immediately wanted the other dogs bone as well as his own. He hoped to scare the other dog by barking at it. As soon as he opened his mouth, his bone dropped into the river, gone forever. Some traders are a lot like the dog in this fable. The will work for years developing a strategy and never giving it a chance to succeed. They tinker with it, changing settings here and there, making a modification to this setting and that one. All the while profits are passing them by and often their account suffers as well. Success in the Forex Market comes from consistent application of sound trading strategies and good money management. There will never be a substitute for these. There are programs that will claim to make you big money in the long run. But think of this one thing. If it were as easy as paying $135 dollars a month and letting an automated trading system go to work for you, wouldn’t everyone be doing it. The developer wouldn’t have to advertise, the product would fly off the shelf by itself. There would never be a bad article written about it, and all of us would send each other emails while our buns were getting tanned in Tahiti. Do yourself a favor, develop yourself a simple strategy and consistently apply it. Therein lies the success of trading financial markets.
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