Most traders want to make a quick profit on Forex. And this attitude becomes the main reason for their loss. They want to earn a lot of profit by spending a little time by trading. Which is not at all acceptable in trading. You need to manage the proper plan according to discipline and trade. Otherwise, you will never be able to make a profit.
The forex market faces a 90% loss because they have no patience. They never think about setting long time targets. I am trading with Forex4you. They are very reliable broker. They always help mne making my decisions and also help me to make plans. I can make money from this market consistently because of their lucrative services and 24/7 support.
We have bearish flag on Euro/south African rand. As the market was approaching the support area lots of retail traders and looking to take long positions. So we looking for a spike down to open the selling orders to trick buyers. So we enter after the bullish candlestick patterns.
