Why is it hard to make money in Forex?

HEADLINE – DE GURUS I.T PLACE FORUMS Forums MAKE MONEY ONLINE Why is it hard to make money in Forex?

This topic contains 1 reply, has 2 voices, and was last updated by  jerry 4 months, 2 weeks ago. This post has been viewed 142 times

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #28087

    vickymacklean
    Participant

    You must have seen that people struggle to make money in Forex. Why it is so hard to make money in this market that seems random movement of the price trends? This article will try to explore the reasons why people do not have the chance to make their profit. They try all types of tricks and plans and only a few are successful. This market looks very easy if you look at the chart. The prices are going up, after some time they are going down and it looks as if the trends are in perfect harmony. The imbalance occurs when you place the trade. The stable trend seems to be mad and the prices get to change quickly. Not much people can manage to trade with volatility and they lost their money. However, this is not the only reason people cannot lose money. This article will tell you the other reasons why this easy market can become a perplexing game for traders.

    Probability factors

    The new traders don’t want to understand the fact trading is nothing but dealing with the probability factors of the investment world. Being a new Singaporean trader you will have to take huge heat from this market to become a successful trader. First of all, try to know about the complex nature of the market by reading books and articles. If required go for the paid course or attend seminars on Forex to get a clear idea about this industry. Things might be extremely hard to absorb but if you stick to this industry it won’t take much time to learn more about this profession.

    There are many traders in the options trading industry securing big profits by trading the financial assets. So how do they do so? They are always planning their trades considering the probability factors. If you assess their trade setup, you will find one thing in common. Everyone is trading the market with high-risk reward ratio so that they can cover the loss very easily. This simple practice will help you to become a profitable trader within a short period of time. So act smart when entering into the investment business.

    Constant impact of the news release

    The industry is always releasing news about different currency pairs. If you are not a novice trader, you must have heard the name of currency correlation. It is the relationship between currencies that explains how the other currency will change its price if one price of one currency is changed. The releasing of this news are making an impact on the global economy and they are shifting the price trends. This news is not possible to predict all the time and you have to be aware of their impacts. The people do not know most of the news and they lose their money. The professional traders are different as they make their plan according to the news release. They even change their strategy with the news and information to win the trades.

    Taking the trend as a random movement

    This is the reason why most of the people fail to lose money. They think of themselves as some type of genius and they do not analyze the trends. Every change of price trends has some reasons and you need to know the reasons. If you are taking random guesses to plan your next trades, you are playing casino with your money. Try to develop some analysis before you plan your strategy. It will not only give you profit but also keep your money safe.

    They follow groups

    Groups are the worst people to follow in Forex trading. They do not have even the basic idea and they trade with big money. Never ever follow any group as they are full of useless ideas. If you want to lose your money, follow your own plan.

    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    #28248

    jerry
    Participant

    I just learnt something new from this article. Thanks

    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
LIKE US ON FACEBOOK: