As a professional trader currency market, I know how difficult it is to make money in the forex market.It is a well known fact that most people who trade forex online lose a deposit - just ask any forex broker as disappearing bills say, for 3-6 months.The easiest way to make money using forex advisors.
Internet is flooded with information that forex drained the deposit of 80% to 95% of newcomers.So why is this so?
I believe that this is due to a number of key factors, which I will describe below.
Unrealistic expectations of traders
I believe that many people, starting to trade the forex for the first time have completely unrealistic ideas about what it means to be a successful trader and how much time, money (capital) and effort must be expended to achievesuccess.There are no doubt many reasons why people think that forex trading is an easy way to make money, but I think the expectations of novice traders mainly created dealing centers, automated robots (forex advisors) and so-called forex gurus.
Lack of knowledge
Another fact is that many traders simply do not have the appropriate education or training in the forex market, and as a result, in the end - all lose their deposits after the encounter with the realities of this unforgiving market.Note that I'm not talking about the general education here, I'm talking about forex education.Currency trading is one of the many professions and you just can not trade Forex successfully without any proper education without practice, but people think that they can, and will soon realize that this is not true.
too emotional traders
Another important reason for the failure is that many people are too emotional when it comes to trading, in which case they are trading "heart" and not his head.In this case, we must rely on facts, logic, common sense, not on greed, fear, anger, and pride, for these categories contribute to the destruction of your account.Let's face it, we are dealing here with the money and you want a certain type of character to stay cool, calm and collected when things start to go wrong.
mismatch
trading systems Trading systems exist or are being developed to help the trader to trade more objectively and systematically using statistical indicators to assess the risk of an operation on the market.Like many other things, some forex trading systems are better than others.But we must remember that they must comply with this style of trader.What works well for one trader, will not necessarily work for another.If, for example traders prefer intraday trading, they must use appropriate systems intraday.Harmonization of the trader and the trading system, thus, another key to success in the market.
So what's the solution?
So what we are doing to fix the problems?Well, there is no magic formula, at least, I have not seen.If a man firmly believes that he can remain on the market and trade successfully, my simple recipe is as follows:
For starters, do not be gullible and critically refers to the product advertising Forex and various websites that promise easy andeasy to get thousands of percent profit.
Get forex education.There are plenty of good free Forex educational resources and Web sites on the Internet, as well as official paid courses.Once you have received the education necessary to practice the trade.From beginning to be traded on a cent account, and only in the preparation of stable results, you can increase the size of the deposit.Develop for itself a proven trading system that suits your style.
Almost two years ago, we have developed quite a profitable trading system and programmed it in Forex Advisor, which we to this day brings a good income.
