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Forex
How long did it take you to become profitable at Forex trading?
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[QUOTE="Holicent, post: 293700, member: 76163"] The profitability of forex trading is based on the time taken to complete a trade. If you are making small trades and can hold them for long periods, then your profit will be higher. However, if you are trading large amounts of money or holding positions for very short periods, then you will lose money in the long run. The main reason for this is that there are many factors that affect how profitable a forex trade is and these include: Time – How long does it take for a forex trade to complete? This will depend on whether you are trading with a broker or at an exchange Margin requirements – The amount of money you have to deposit when making a forex trade. The more margin required, the higher your risk profile will be Position size – How much money do you want to risk on one single position? Larger positions are more risky than smaller ones Market volatility – How volatile is the market you are trading in? If it moves too far away from its mean value, then your profit will be less than if it was more predictable Volatility index – A volatility index measures how volatile an asset’s price is over time and can be used as an indicator of future price movements. [/QUOTE]
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How long did it take you to become profitable at Forex trading?
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