Many people and novice investors may not have an idea of Forex guru. Is he a unique trader or trader willing to help you share his experiences? The second option is, of course, the most correct. But the Forex guru does not wear colorful uniforms and flies in the sky like superheroes, so the question remains "how do we know them and where to look for them?"
In the general picture, the guru is a teacher and a guide in particular basic matters. If you are looking for a trustworthy teacher, do not forget that Forex trading is not to predict what will happen, but to put in place a tight system. Do not trust a teacher without having a big track record, because such people are always keen to hide their failures and provide second-class educational services. I am confident that you will choose a teacher with utmost care, but I will give you some useful advice to avoid fraud.
First, keep in mind that most of the so-called guru tend to publish regularly, but most of what they post comes after the event. That is, the deal is already over and they are trying to convince you that you will win if you follow their strategies. Anyone can do it too late. It is useless to mislead the masses.
Others tend to delineate pseudo-gurus to publish a number of trading settings. Of all the settings they publish, only what can be counted on the fingers of one hand succeeds, while the rest of the plans and settings fail. Once a setup is successful, they start publishing it online. Giving the masses the impression that it is very thorough and avoids the risks completely. What happens to losing deals? They simply hide it and remain silent.
The last group of illusionary gorrows are slightly smarter than their predecessors. Behave similarly, except that they also spread their losses. For example, they publish 10 deals, 3 of them successful and 7 losers. Then they start bragging about their three successful deals, and when they talk about the loser they will only mention one often. And thus give the impression that they are honest and trustworthy. But they forget that we are not stupid either.
One of the best examples of checking the services of deals is to check the server to make sure that rolling tells the truth, namely the Myfxbook automatic tool. You should not trust anyone who offers non-associated services with the ability to verify results. Myfxbook offers several ways to prevent tampering with transactions: It is possible, of course, to place a fake Myfxbook on the website, but it appears marked with a tag, and other traders must find the existence of such a mark or not.
Maybe we talked enough about the fraudsters. It's time to talk about real professional traders whose tips will help you succeed in Forex trading. We will not waste more time predicting where to find them, but simply show you a list of the most trustworthy. By following these gurus strategies, you will get the daily needs of Forex news, in-depth analysis, and little fun every now and then.
Cathy Lynn
Global author and chief strategist at https://www.dailyfx.com, one of the world's most important Forex trading sites. Kathy is a Forex analyst and professional trader, with direct and substantial experience in the interbank exchange market. Prior to joining FXCM (https://www.fxcm.com), she worked for JPMorgan Chase and Forex trading groups using both technical and fundamental analysis of forex trading and options.Katie Martin
Director of FastFT (https://www.ft.com/fastft), Financial Times for Breaking News Services. She also writes in other sections of the Financial Times, especially about markets. Previously worked for Wall Street Journal and Dow Jones.John Kicklighter
, a major currency strategist and DailyFX (https://www.dailyfx.com)manager in New York and San Francisco, is known for combining fundamental, technical and money management analyzes. An active trader who has been a teenager and has considerable experience in many areas: currencies, financial assets, commodities, stocks and options, all of which he owns in his personal accounts.Blake Morrow
is the Chief Currency Strategist for Wizetrade. Blake has over 18 years of trading experience and has been a co- owner of a Dallas based brokerage firm and LiquidTrader Technologies. Currently, Blake does analysis for thousands of individual traders on his “The Morning Edge” webinar for 2 hours each day from 7 – 9 am covering inter-market relationships and Forex. He has also appeared as a regular analyst on Wizetrade TV and Traders Television. Blake is a seasoned individual investor in equities and FOREX.Ashraf Al-Ayadi
is an independent global financial strategy maker with more than 15 years of experience. Author of "Forex Trading and Internal Market Analytics" and founder of the site `www.AshrafLaidi.com`.
By getting tips and a list of the most experienced and professional experts, ensure your future success in the Forex world. Take your time to learn more about the best Forex guru and beware of fraud!
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