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5 Myths of Forex Trading
http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What are the myths and truths about Forex trading?
Facts and Myths about Forex Trading: Top 5 Myths you Need to Know?:
1) Clever and Smart - this can't be further from the truth - I know good traders that aren't that smart. Often people who are too clever and too smart overthink things; they look for reasons for things to happen and they want to justify it. They are used to learning and learning when its really more about discretion and feel and making decisions
2) Focus on your Profits and Losses - this is one of the worst thing you can do. You need to trade based purely on strategy; on setups being methodical in your approach. If you're looking at your profits and losses you're never going to make it because you'll end up grabbing profits too early and let your fear rule your trading. The best traders focus on the process.
3) Quick Route - this is not a get quick rich scheme. People think that if you just find the right indicator that you can basically print money. Unfortunately this is a myth and profitability is a long process. Indicators and strategies don't work all the time and you will have to know when and when not to implement them.
4) Its Exciting. Forex Trading shouldn't be exciting. Trading should be pretty mundane; not the emotional roller coaster that some people think it is.
5) Once you're a great trader you can extract money out of the market whenever you want. There are traders out there that are exceptional and they know when they should trade and when they shouldn't.
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https://www.youtube.com/watch?v=hE6abwCTV_UAbout the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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