Challenges as a Forex Trader

[oraclewizard77]

Leverage provides more buying power yes? correct me if I'm wrong. Whats bad about having a high leverage?

If you have to ask this question, you should not be trading with real money.

 

[pozexis]

If you have to ask this question, you should not be trading with real money.

Why don't you let me understand instead of saying something like this man? I mentioned before that I am a beginner, I am learning and I am not trading at the moment.

 

[alistera]

The key to the markets and life, not just Forex, is you have 92% probability of loss for 92% of the time, making a 0.64% window of opportunity, if you can time the window leverage provides maximum gain, if you can't then it provides maximum loss, which is why most people stay with Stocks as it's basically unleveraged, they still don't make anything but that's not their point, after 0.64% it's 'variable change' with rapidly declining profitability.

 

[murray t turtle]

The key to the markets and life, not just Forex, is you have 92% probability of loss for 92% of the time, making a 0.64% window of opportunity, if you can time the window leverage provides maximum gain, if you can't then it provides maximum loss, which is why most people stay with Stocks as it's basically unleveraged, they still don't make anything but that's not their point, after 0.64% it's 'variable change' with rapidly declining profitability.

%%
MOST likely right\ on average anyway, on single stocks.
I lost a penny @ WMT once,[change machine] not worth my time to go to customer service to get it LOL
But I have more than made that up, even though i may not let them get by with that again .
WMT is overall fair [99.777+\ % of time]+ never wastes time with a cashier error;
have to go to customer service desk for refunds
Dumbest thing I ever did was leverage ignorance[any kind of leverageLOL] before I learned to trade LOL
SOME of the best patterns may not repeat; some will.
One lady asked '' is that +99.777% plus one?? '';
no its 99.777% more or less

 

[shine]

I think the main problem traders have is the desire to earn a lot of money in a short time. Therefore, risks are not consciously controlled, which leads to the opposite effect - loss of deposit.