Beware of Forums Chatrooms and Blogs

Do not use ideas from sources that have no track record. Be careful on using trade ideas from groups or individuals in online trading forums, chatrooms and blogs. Keep in mind, it is your hard earned money on the line here, and to be successful in trading, you need to use your own proven strategies. Following trade ideas from non-reputable sources is similar to buying non major currencies at random without conducting any research whatsoever; it is a big gamble, one that could wipe out your trading account. Additionally, avoid using trading robots or any other software until you fully understand the basics of doing it on your own. Your goal should be to create new strategies and discard those that do not work.

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