That is why they are called experts, they gathered a lot of experiences in Forex trade, they've also made mistakes and learned from it, the reason they have better-winning trades than loss trades.
How Forex Trading Can Make you Rich?
- Thread starter Peter brandley
- Start date
The online Forex Market has made many people thousands of dollars, or even millions of dollars, richer. It is becoming increasingly popular with the people who understand it and know how to work the system. People are spending less time doing tedious work and earning more money legitimately with online Forex Trading.
What do you say friends? put your comment please.
E T = ENTERTAINMENT
The only problem there is trading is about perfection, and if you don't have the time or are distracted then you are more likely to make mistakes.
What do find interesting is it's possible to buy in a methodology with the second income to offset most of the risk, yet everyone still insists on doing it the hard way via decade long learning.
This week make 15% of account on three 1mn timeframe futures intraday trades with 5:1 risk, so you would think anyone would buy a similar methodology in and then launch their own fund, but they don't, hence the 99% failure rate.
They don't buy in the knowledge with the second income, and don't learn the knowledge because they're too distracted by the second income, never a pleasant sight seeing people double-binding themselves, but ultimately someone needs to feed the markets.
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Indeed in fact no perfect trader in trading, in my view trade forex is about possibility, this is included as speculative investment and we put money in uncertainty condition, and as we can possible making better winning trades than loss trades
Yeah but it is always advisable to do a bit practice before you enter the real world of Forex Trading. It would be quite nice if we prepare for it and enter the market.
I personally think you are mad trading FX. Can have a small % of your portfolio allocated to it, but it should never be the one and only. Too many scammers, data issues, clearing issues, dodgy brokers especially MT4.
Have a close friend who owns a FX company in Singapore, would say he is one of the best FX traders around, even he gets hammered from time to time. These days he concentrates more on physical delivery. Personally I believe you are better to look at trading something like the ES during Globex and once you understand that , then move to RTH. Atleast you have some protection and can see correct volume, unlike FX., nevertheless you can get volume for FX and the best is using the FX futures contracts.
Have a close friend who owns a FX company in Singapore, would say he is one of the best FX traders around, even he gets hammered from time to time. These days he concentrates more on physical delivery. Personally I believe you are better to look at trading something like the ES during Globex and once you understand that , then move to RTH. Atleast you have some protection and can see correct volume, unlike FX., nevertheless you can get volume for FX and the best is using the FX futures contracts.
It's not all the same. Markets are very different, populated by different players with different motives, then there are the regulations which differ hugely. Some markets are easier in certain times but once they get crowded it becomes harder. Forex is probably on the harder side of markets, especially now.
Why choose one of the most difficult markets to trade? Are you consistently making profits?
In fact still no, honestly in my experience loss also as part in trading, making profit consistently is difficult task.