If you are new to trading forex, what you’ll find out about it is that for every good tip you hear, there are about 100 misguided things being said about it all over the internet. This is why traders fail so much. Because they can’t tell which is which.

This is just some of the misinformation that you hear about when you visit forex forums.

For starters, you don’t need the greatest charting platform to make money trading forex. As a matter of fact all you will ever need from your charting platform is a strong data feed. All the rest of the stuff it has, is just filler.

Keep this in the back of your mind when the latest flashy charting software comes out. All the bells and whistles mean absolutely nothing, and I can prove it.

The honest truth is that all these things are shortcuts, and they never work. That still doesn’t stop people from selling them, but you really have to be more of it as a consumer.

It still astounds me how traders can’t see through this mirage. If these shortcuts are supposed to make trading SO simple, then why is it that so many people out there are losing money?

At the top of the list would have to be forex trading robots. This has scam written all over it. These automated systems know nothing about the market, yet they are supposed to be able to make money for you on autopilot. It doesn’t seem very likely, does it?

The best piece of advice I can give you is that less is more. I know this may not be of use to you right now, but if you follow it, there is no reason why you can’t succeed. So if you are thinking about piling up one indicator after another on your charts, remember this piece of advise I just gave you and don’t do it.