Tuesday, June 26, 2012

Do people really make money trading forex?


Do people really make money trading forex? - I am sure that many traders are fighting really have to wonder if people really make money trading forex? I know it must feel it is impossible for you to make money trading Forex, if you look after the loss of loss. But the truth is that there are people to earn money, if only a small percentage also. In fact, to earn only 5% of forex traders money.

Not discouraged by this fact. The main reason why so many people fail in forex trading is simply because they do not have time to really learn how to take the trade. People tend to fall for all those links, which never pan.

If you want to be as successful technical trader, you should really learn more about trading with price action. Price action, you can know how to deal with the trend, how to find local trade patterns, with the important support and resistance areas, to predict future price movement and generally gain a deeper understanding of the market. Do people really make money trading forex?

Famous traders like Jesse Livermore became legends understand this concept. The real beauty of it is that it forces you to try really deep ditch, and to find the reasons why the markets move as they do. This is an important part of the trade, otherwise you are just following random indicators with no real insight on the market. All you do is just hope that they are correct. Did you make that decision themselves. You may need to do is not an indicator for you.

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