NOVATO, California, October 7, 2016 /PRNewswire/ --
Forex trade is perceived by many as being quite an ambivalent trade. The general public mainly treats it as a dubious scheme or as an opportunity to merely raise their income, while others use its hidden advantages to expand and prosper almost without limits. Those who aim for reaching this extent of financial abilities did not rely on superficial slogans. Instead, successful traders know exactly what to do in order to achieve their goal.
Experienced and successful forex traders share certain characteristics as far as their behavior and decision making are concerned. Those who are considering becoming a trader or are already in the field of forex and need guidance, Shark-Tips expert trader Mark Geva.warns about the most common misconceptions of the trade.
Higher education is needed to become a successful forex trader
"The academy deserves its place of respect, but exactly like drivers can't develop driving skills 'on paper', an academic degree in the field of economy or trade isn't a good forex strategy maker," says Mark Geva. "I personally know many college and university graduates, and sadly even Doctors of Economics, who failed attempting to trade in the field of forex. However, we've found that all most people need is the right guidance and a change of mindset in order to be able to achieve their personal goals."
What makes a successful forex trader?
"Biased criteria is casting mental fog that makes profiting through forex very hard for some people. This behavior can be devastating and ruin people's odds of success. All of Shark-Tip's successful traders followed their signals without hesitations, especially people no one would imagine to be forex traders at all. It's always surprising how people make things work just by deciding to explore modern solutions to ancient problems, and some of them join our crew at Shark-Tips, while others thank us for their newly acquired prosperity."
Trade schools and educational disciplines
"Trade schools teach theory, facts, and try to provide some experience and tools for trading. If one wants to learn about the field of foreign exchange - we encourage it. And if they don't - that's alright, too. We at Shark-Tips focus on advising our traders what they should be doing on every occasion. For instance, if a specific currency raised its value, it is not always time to take its profit, because if it loses afterwards it is on the trader's account. On the other hand, without setting some clear stop-loss points, it would be irresponsible to trade in forex."
Finding the right time to get out of a bad investment
That's what forex signals are all about. They signal points in time that determine whether or not the decrease in a certain currency's value is to be considered as strategically affecting the results of one's trade and vice versa. In universities and private schools for global exchange, teachers do not train the students to think like that, keeping essential knowledge away from traders who wish to grow.
How does forex signaling work
"Most people haven't heard about it yet, but personal forex signaling is on its 8th year and going strong, helping traders from various nations and with the right signals, a forex trade brainer can earn 300+ pips for each investment."
Mistakes during trade
"Not only can they happen while trading, mistakes might also happen during the first phone call to a customer. For instance, it's quite common for traders to call customers who instead of taking part in the biggest financial market worldwide, decide that it does not sound plausible or mistake it for a dishonest scheme."
Mark explains: "While trading, emotional mistakes are usually related to false technical facts, which tell us either that the trader did not learn how to make the right decisions in real time, or perhaps did not fully grasp how forex actually works."
Forex does not require years of experience, as in other proficiencies, in order to make a profit in this field - one can merely follow signals from experts. Most of the really successful forex traders are patient, modest and open-minded, but have also developed their own advantages after a long time of relying on signals from their Forex experts.
Mark Geva adds: "To prove that everyone can be that successful trader, our first two weeks are free of charge, no credit card details needed. During these two weeks, we will notify the trader via SMS, E-mail and other means when it's time to take profit of a certain exchange, which loss point to determine, etc. After two weeks, we will match the trader with a reliable broker that helps our customers continue trading and growing their portfolios."
Forex holds the potential for great profit, but apparently, not everyone uses the right tools. It does seem that traders who simply start relying on signals from the professional forex traders get on a path to victory before losses add up. And while there are different paths to take and other ways of profiting through Forex, Shark-Tips Ltd. offers a free trial period, for a limited time only to help gain access to all the signals in real time.
Alon Krief, CEO
SOURCE Shark-Tips Ltd.