Please take a look around, and feel free to .
Basically; making money is very easy here; but the point is; making consistent money is the real challenge! So; Forex isn’t any easy way of money earning!Most individuals don't understand that for forex trading you require incredible learning and capacities. They expect that trading is just acquiring and offering money related measures. They take in some marker based procedures and deduce that it will help them to get rich overnight. They don't attempt to grasp the market and market mind investigate. You can't get accomplishment in case you are not skilled.
I believe, consistency means months return; not trade by trade result! Because, there is nothing like 100% in Forex!Yes It's a right, most difficult task indeed make profit consistently, because sometimes loss inevitable, so forex trading is challenge business, but very tempted because we can make money only with the click mouse to make the transaction
There are many reasons out there for losing. Can not list them all. But keep in mind that even the best traders lose. Nobody can win 100% of the time.
Last person nails it, even with best of the best broker you really can loose like 80% of the time and it's really good stats in average. It's not guranteed income, it's more like a gambling with the strategy and that's really it no matter how you put it.
Making profit is easy. But consistency comes with profitable trading strategy.Yes. You need to make a good and profitable trading strategy to make money from this market.
Managing risk is the most important yet ignored aspect in trading. I mean all unsuccessful traders do not have any risk management policy. I do not risk more than 1% of my capital in a single trade. If I open more than one trade my maximum risk percentage is 2%.If the trading strategy and trading discipline are not right, he will never be able to make a profit. Money management and risk management must be maintained to achieve success.
That's why forex trading requires skills and abilities. But unfortunately most traders focus on earning more than learning. But learning is the first step of trading and it takes time to be skilled.Traders often fail to execute their trading plan and lose money in trading.