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Why some people fail and others succeed in forex
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[QUOTE="Lens1000, post: 131679, member: 37726"] So many people are afraid of going into forex simply because, they believe that the risk involved is unbearable . The question is , why do people fail in forex market while others succeeded. People fail because the gamble their money trading on instinct. They never study the market strategies, they just enter into the market with the hope that their will be an increase. They fail to set entry and exit order before entering into trading The foreign exchange should not be taken as a get rich quick scheme, it should be seen as the normal small business that we do . If we enter into trade with this perception, then, we will minimize loses. Sometime, you may go into forex with the right knowledge and fail. When you have a positive mindset that it is not a get rich quick scheme then your loses will be minimal Before you enter into real trade , you need to use the game or the demo account for trading as a starter. The demo account makes you familiar with the trend and can help you know how to use the technical indicator to simplify the complex market movements into a clearer buy and sell signal I believe that if you follow these steps , you will never regret trading forex [/QUOTE]
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