I am a trader, just like you.
I have full time job, just like you.
I have a family to take care of, mortgages to pay, and countless other needs to attend to.
I am a part-time trader that set aside a few hours of the Forex trading day, trying to make a few pips here and there.
Do One Thing Right
Forex is a risky business.
You will lose money.
There is no perfect system.
You cannot, ever, predict the market.
Your emotions will get involved as trades move up and down
There is no such thing as bad margin as a universal law
The market isn't moved by rational reasons
More information will not necessarily help you become a profitable trader
What we see on the charts -- the market -- is simply a reflection of our own beliefs about the market.
Traders do better when they try to do one thing perfectly right. Traders do worse when they spread themselves too thin, between many indicators, financial instruments, time frames, and trading systems.
Do less. Focus more. You'll do everything better.
It doesn't matter how often you are right or wrong - it only matters how much you make when you are right versus how much you lose when you are wrong.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.