All transactions, except for one who had a loss in the transaction. There are 90% of traders fail in the first game, mostly due to lack of planning and experience, lack of money management and risk control.
Foreign exchange trading is not for the unemployed, low income, no ability to pay. You must have at least $ 2500 – $ 5000 in your account (the lowest recommended that the trading platform with the Standard account) that you can accept a loss if you want to really participate in the Forex market.
Foreign exchange market is the most popular market for experts, due to huge scale, and due to strong fluctuations of the market trend. Many successful players do not believe his bad luck, but really because they lack the discipline to adhere to the principles needed in the transaction. Most people can not keep their strict rules about weight loss or to the gym every day. If you like them, do you think you will be successful with this market?
Forex trading is not a game of amateurs and not the easy road to success. You can not make huge profits if you do not accept the possibility that similar risks. A good strategy game is to anticipate risks and enhance the probability of success on each transaction. A successful trader must have a strategy game – unless you want to become one of the “gambling” to the rich!
Forex trading is not a get rich quick method!
Skills good forex trading requires a lot of time and effort training. The transaction has good skills and has the potential to get rich from this area. However, just like other jobs and professions, success can not come early in the first one-dimensional.
Forex market is not a “huge piece of cake” as one of the people used to celebrate with you. The truth is that sometimes there are experienced traders still have one of the bad situations lead to losses. There are no shortcuts in this market, and you must be prepared ahead of time, effort and even losses before becoming one expert in this field.
The key to success is not no substitute passion and diligence to study and learn the Forex market. Be careful practice with demo account before you start with a mini account and then the real account.
And you stop too impatient to open a real account before you have really good deals on a virtual account. And if you can not wait for the trade on a demo account is good for at least 2 months, and if you do not have patience, it’s best to choose a business.
Focused on gold or one kind of currency pairs chinhSe research complex if too many currency pairs when you start playing. Please choose a currency pair that has spread at least point and high volatility (such as EUR / USD or USD / JPY) to focus in the initial transaction.
You can be successful with currency trading, but like any other business, it requires an investment of effort, passion, one bit of luck, judgment, and the right decision propriety.
I wish you success!