is well known that the majority of forex traders fail.Studies suggest that 96 percent of participants in the market are losing money and eventually out of the game.In this regard, the question of whether it is possible to earn in the Forex market, is relevant to the present.To understand this, you need to understand the reasons why most traders can not succeed.
properly embedded
The first such cause is the low start-up capital.It is no secret that the majority of forex traders are trying to make easy money.However, to earn substantial amounts, it is necessary to make appropriate investments.Talking about how to start making money on the Forex, you must use a specific start-up capital.As experts say, $ 1000 - this is the optimal amount for the first trading account.Otherwise, you're just setting yourself up for potential failure.
ability to control himself
Secondly, risk management is also a key to survival.You can be a very experienced trader, but still not enough to control himself.Responding to a question about whether it is possible to earn in the Forex market, you have to remember a simple rule.It is this: Your primary goal is not to earn more, and to avoid losing the funds available.Once your capital begins to decrease, your ability to make a profit is lost.Therefore, use stop loss and move it only when you see the real prospects.
market behavior
Third, following the instructions on how to learn to earn on Forex, you should clearly choose the direction of trade.If the chosen strategy has not proved to be profitable from the first transaction not in a hurry to switch to other options.Try to fully analyze their behavior in the market and to find possible errors.
In addition, many novice traders try to capture turning points in currency pairs.However, adhering to this trade, you can seamlessly continue to move in the wrong direction and as a result of losing all the profits.Therefore, strictly trade with the trend as a response to a question about whether it is possible to earn in the Forex market.
analysis of their actions
Remember that some transactions simply do not work under certain circumstances.The human factor does not always play a major role, so in some cases, can only accept.One of the main qualities of a professional trader is the ability to admit mistakes.
Many novice currency market participants prefer to purchase a "trading system", which the developers promise a quick profit.However, it is impossible to make money, not to make considerable efforts.Speaking about whether it is possible to earn in the Forex market, you should understand that success in this market requires the same cost and experience, as well as any other job.To be a successful currency trader, you need to create its own system and stop buying useless products on the Internet.
