Emmanuel0
New member
Technical Analysis doesn’t work 100% (may not even work 60% of the times)
Fundamental Analysis doesn’t work 100% (may not even work 70% of the times)
A mix of both doesn’t work 100%
Support and Resistance lines may not work 100% of the times and can suddenly give way to new Support and Resistance levels
The exact same kind of news release can move the price of a currency pair in totally different directions in 2 separate instances
Price moves in the direction of least resistance
The market makers and other players with a huge bank roll can create manipulations in the market, play psychological games of high level which could easily fool the novice traders in the market and grab their money time and again (When money is involved, people with money and information/intelligence would do anything)
Over 90% of the traders lose money in long term and only less than 1% actually gets rich with forex trading
Drawdowns associated with Forex trading can be stressful and can affect the quality of the trader’s live
Certain psychological traits required for the long term success in forex trading such as extreme levels of emotional control, discipline, patience, perseverance and a nice carefree bankroll to trade with, can never be achieved by most individuals in their lifetimes (especially when hard earned money is usually involved)
These are some harsh realities of forex trading
Fundamental Analysis doesn’t work 100% (may not even work 70% of the times)
A mix of both doesn’t work 100%
Support and Resistance lines may not work 100% of the times and can suddenly give way to new Support and Resistance levels
The exact same kind of news release can move the price of a currency pair in totally different directions in 2 separate instances
Price moves in the direction of least resistance
The market makers and other players with a huge bank roll can create manipulations in the market, play psychological games of high level which could easily fool the novice traders in the market and grab their money time and again (When money is involved, people with money and information/intelligence would do anything)
Over 90% of the traders lose money in long term and only less than 1% actually gets rich with forex trading
Drawdowns associated with Forex trading can be stressful and can affect the quality of the trader’s live
Certain psychological traits required for the long term success in forex trading such as extreme levels of emotional control, discipline, patience, perseverance and a nice carefree bankroll to trade with, can never be achieved by most individuals in their lifetimes (especially when hard earned money is usually involved)
These are some harsh realities of forex trading
