trading forex. Examples of currency pairs are EUR USD, AUD USD, USD CAD, EUR CHF, etc. The content of this article reflects the authors opinion and does not forex market capital necessarily reflect the official position of LiteForex. How then does the profit come in? Thats because losing 1 or 2 on a trade does not sting nearly as much as losing 5, 10, etc. You would need to earn about 22 of the remaining account just to get back to your starting balance. Thats where one of the biggest challenges in forex trading lieskeeping the money you make. If it were possible we would all be doing. Just because something is easy does not mean everyone can make money trading forex.
With discipline, you will be able to keep pulling the trigger on the next trade and let your edge play out over time. As of right now, there are three profitable trading systems reviewed on this website that I have personally traded and recommend. This goes back to greed, because traders typically overleverage while shooting for unrealistic profit targets. Its slow process requires lots of hardwork and patience. This is a constant, destructive cycle that a large majority of unsuccessful traders are trapped. In fact, Im going to tell you some hard truths that you probably dont want to hear, but they are absolutely necessary to learn if you ever want to become a successful Forex trader.
Do, forex, traders, really, make, money - Modest, money
A single currency has a value that can only determined by comparing it to other currencies. They dont set goals and they dont force trades to meet those goals. So why Id make so much and lose it all again? The real problem is when you make money, you should learn to keep. Believe me, I never knew how greedy I was until I started trading forex.