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Why Most Traders Lose Money And The Solution Broadcast Review

13 April 2009, 11:14

 

Some members of YouTube are clearly experienced in a certain field and they make the effort to put together a number of videos on that topic.  Not surprisingly Forex trading is one of the areas that attract a lot of people making a lot of different videos about separate aspects of it, and a good example of this is the member called InformedTrades. 

This member has a website about Forex trading so clearly they have a good reason to be on YouTube generating some interest, views and traffic towards their own website.  But with that said they have taken the time to contribute well over a hundred separate and different videos which each examine a different area of foreign exchange currency trading.

Each video is classed as a lesson, and this particular lesson covers the reason why the vast majority of traders lose money on trades rather than making it.  The man who presents this video, David Waring, talks you through the reasons why this happens, and it is clear right from the start that he knows what he is talking about, as he reveals his history in financial services which obviously underpins much of what he does now.

This is the 34th video in his series and runs to three minutes, and if you scroll through some of the other videos he has made you will see that each one concentrates on a different area of the Forex market.  If you need a good series of lessons to help you understand how this market works and how you can take advantage of it then you should definitely scroll through the options available.  This particular video can be found at http://youtube.com/watch?v=g546vfbBieY and once you have seen it you can then go on to look at some others.

The video is simple in nature – David is sitting in front of the screen talking to you about this aspect of trading – but sometimes on YouTube you find that people try to make their videos more interesting and fail, because in doing so they forget that the content on this kind of subject is in what they are saying.  Charts and other items have their place but they don't always fit in well, and they shouldn't be used just for the sake of it.

This video covers the importance of anticipation and forward thinking in money management, rather than simply reacting to what is happening in the trading markets.  David makes a very good case for why you should approach your trades like this, and reveals how other people who already have a large amount of money tend not to do this, and lose a lot of cash in the process.

The presentation might be supremely simple on this video but don't let that fool you.  There is plenty here to digest if you want to get into Forex trading and be successful at it.

He also goes on to reveal something that not many people would think about when on the practical and economic subject of the foreign exchange currency market, and that is the emotional and psychological aspect of it.  He obviously knows that emotions can clearly have an effect on the outcome of trades, because they can cloud your thinking and your judgement, and end up causing you to make mistakes.

Despite the fact this video is only three minutes long, the amount of useful information given during its length is quite remarkable and will probably result in you saving it to your playlist if you are at all serious about making money with currency trading.  This is a highly specialist area of making money which can sometimes gloss over the fact that it can be very risky – but David is very careful to reveal all the pitfalls, and it's not often that you hear someone telling you about the psychological part of trading.  Most of the information you read today is about the practical side, and yet the psychological side will trip you up just as surely as not knowing the right practical information as well.

Furthermore, this video is part of a series which concentrates on the emotional side of things, and as such if you enjoy it you should definitely take the time to watch the rest, as it will give you the edge over other traders who think that the only thing to be concerned about is the practical part of trading.

This is an outstanding video packed with knowledge – and well worth spending three minutes watching.

 

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