I believe most people sees forex trading as a risky business. This might be true if we look at some areas. But can not be true if we do thorough research on forex trading. If it is indeed a risky business, then why are some traders that calls themselves professionals making profits from there trades. Is it that they don't lose at all? No they also loss.
Then why are they now making profits on there trades and also been told to say it to the public that for trading is very profitable. Infact I have seen one of them that says that he can make $1 million in a day trading forex.
The answer is not because they are gifted the gift by God Almighty himself, but they follow instructions. So what are the instructions to follow. I would say that there is 3 instructions to follow which are.
Then why are they now making profits on there trades and also been told to say it to the public that for trading is very profitable. Infact I have seen one of them that says that he can make $1 million in a day trading forex.
The answer is not because they are gifted the gift by God Almighty himself, but they follow instructions. So what are the instructions to follow. I would say that there is 3 instructions to follow which are.
- We need to first learn what forex is. How to enter a buy and sell and the reason to do so with many more.
- Another thing is to learn strategies to enter a trade either we learn it ourselves or from experts
- The last is to practice money management and not to be greedy. Greediness is one thing that makes people to loss there money to forex. Once you enter a trade and you are supposed to go for 10 pips. Only exit on the 10 pips.