Risk and return go hand in hand, one cannot get rid of it though you can reduce it to some extent. Investing in the forex market is risky only for those who think of this market as a get-rich-quick scheme. You’ll have to understand that you cannot become rich overnight. You have to work hard for that.
Forex trading is principally risky for the following main reasons:
1. You don’t have strict money management rules in place.
2. You aren’t disciplined.
3. You don’t have a precise trading plan, which you stick to.
4. You’re using too much leverage.
5. You’re not consistent and patient.
Forex trading is principally risky for the following main reasons:
1. You don’t have strict money management rules in place.
2. You aren’t disciplined.
3. You don’t have a precise trading plan, which you stick to.
4. You’re using too much leverage.
5. You’re not consistent and patient.