why people fail in trading forex?
Thursday, July 29th, 2010 at
7:10 am
Do Forex Trading Systems work In Trading?
Filed under: Forex Trading Systems
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90% forex traders are making losses in forex trading. You have to be super good to make profit in forex trading. It’s not easy. Here is a good read why most people failed: http://www.118forex.com/
A quick summary is they follow blindly in trading, greediness and never close position to take profit.
They work very well for people who have money to lose.
Its very risky because people that do trade and lose do not watch for news, forcasts, things in the other countries such as war or oil problems. Many things affect a countries currency. I would say to stay away from Forex because it also trades in miliseconds 24 hours a day. While you sleep its still continues. It is best to learn everything about it and your risk should always be under 3 % loss daily so that way you have more days of trading.
If you like that kind of trading look into EMINI trading. There are ways to make 200 or 300 a day. Your account only needs 2000 at some places but I wouldnt recommend it because they close you out when you hit 60% and then you lost all that money. IT is best to go in with 5k it gives you room to play.
Again it works on tics and you can make 12.50 per tick per second on trades with emini s &p but you can lose 12.50 per tick also. Again you have to learn the ins and outs of these types of trading. But well worth it if you do in comparison to trading regular stocks.
generally ppl fail. it depends on your accuracy of analysis. trading system give ideas based on your inputs.
Hi,
I know you are thinking, isn’t forex trading risky? Yes it is if you don’t know how to trade forex. Anything you do in life without training will most probably end in failure. Same goes for forex trading. Most of the people lose money in forex trading because they don’t bother to get the right education when they start trading.
Therefore, guys anyone who is interested please get educated and train yourself before you jump into forex.
These are some sites that can help you: