Forex Trading Signals - A Story
Harold had always wanted to be a forex trader. The idea of buying and selling money had always appealed to him, he wasn't quite sure why.
So when an elderly relative died and left him some money, he decided he would bite the bullet and finally learn how to trade.
He had heard people talk about forex signals, but he wasn't quite sure what they were, so he decided to seek out other more experienced traders and ask them for their advice.
The first trader he came across was called Jim.
"Jim, what can you teach me about forex signals?" asked Harold.
"Son, the best advice I can give you is to find some signals that work and stick with 'em", replied Jim. "Don't look at too many trading signals, they'll just confuse ya".
Harold thanked Jim, then went to visit Bob, a legendary trader who had made millions of dollars trading the forex markets.
"Bob, I'm so glad to meet you", said Harold enthusiastically. "What can you teach me about forex signals?"
Bob looked at Harold and smiled.
"Kid, when the signals tell you to get out and take your profits, you get the hell out!" chuckled Bob. "Don't get greedy!".
Harold considered these sage words of advice and continued on his way.
The next trader that Harold encountered was Florence, who seemed very sprightly for an old lady. He asked her the same question.
"Well now", said Florence, with a twinkle in her eye, "it's very simple. If the signals say trade, you trade. If the signals say don't trade, you don't trade. Just don't confuse the two!"
Harold thought about what she said, thanked her for her kind advice and continued on to the house of Rodney, who was considered by many to be the world's greatest trader.
As with the others, He asked Rodney for his advice.
"Listen to Jim, Bob & Florence", stated Rodney, "and don't risk what you can't afford to lose!"
Harold thanked Rodney and returned home. With all these words of wisdom, he now felt ready to trade.
His first few trades lost money. Not much, just a little. But he stuck with the system, followed the signals and after a while, he made a few trades that were profitable. He noticed that although more of his trades lost money than made money, those losing trades were only for small amounts, whereas the winning trades were for much larger amounts.
Harold went on to become a successful trader in his own right and he never forgot those simple words of advice from Jim, Bob, Florence and Rodney.
Wise words indeed.
So when an elderly relative died and left him some money, he decided he would bite the bullet and finally learn how to trade.
He had heard people talk about forex signals, but he wasn't quite sure what they were, so he decided to seek out other more experienced traders and ask them for their advice.
The first trader he came across was called Jim.
"Jim, what can you teach me about forex signals?" asked Harold.
"Son, the best advice I can give you is to find some signals that work and stick with 'em", replied Jim. "Don't look at too many trading signals, they'll just confuse ya".
Harold thanked Jim, then went to visit Bob, a legendary trader who had made millions of dollars trading the forex markets.
"Bob, I'm so glad to meet you", said Harold enthusiastically. "What can you teach me about forex signals?"
Bob looked at Harold and smiled.
"Kid, when the signals tell you to get out and take your profits, you get the hell out!" chuckled Bob. "Don't get greedy!".
Harold considered these sage words of advice and continued on his way.
The next trader that Harold encountered was Florence, who seemed very sprightly for an old lady. He asked her the same question.
"Well now", said Florence, with a twinkle in her eye, "it's very simple. If the signals say trade, you trade. If the signals say don't trade, you don't trade. Just don't confuse the two!"
Harold thought about what she said, thanked her for her kind advice and continued on to the house of Rodney, who was considered by many to be the world's greatest trader.
As with the others, He asked Rodney for his advice.
"Listen to Jim, Bob & Florence", stated Rodney, "and don't risk what you can't afford to lose!"
Harold thanked Rodney and returned home. With all these words of wisdom, he now felt ready to trade.
His first few trades lost money. Not much, just a little. But he stuck with the system, followed the signals and after a while, he made a few trades that were profitable. He noticed that although more of his trades lost money than made money, those losing trades were only for small amounts, whereas the winning trades were for much larger amounts.
Harold went on to become a successful trader in his own right and he never forgot those simple words of advice from Jim, Bob, Florence and Rodney.
Wise words indeed.
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