Reply With QuoteBecause markets are mostly random, thankfully I learned some nice tricks from Hotforex webinars how to discern bad market (unpredictable) from a good one.
Because markets are mostly random, thankfully I learned some nice tricks from Hotforex webinars how to discern bad market (unpredictable) from a good one.
Forex trading is not hard when you have a good market forecast. To make a market forecast, you have to rely analysis. You can both analyze the market technically and fundamentally. Fundamental analysis is more effective than the other one and its quite fine when two of those analyses are combined.
Of course, its hard! Its not fair to talk about losses because it not only frustrates him but also derails him from track. Traders focus should be clear-cut. Traders should try to renovate their strategies on a daily basis. A good strategy helps a trader in reaping higher return and traders should work bearing it in mind.
Many forex traders fail because
Many forex traders fail because their funds are insufficient in comparison to the size of the trades they make.
Forex traders are forced to take such a large and volatile financial risk due to greed or the prospect of controlling a large amount of money with a small amount of money.
There are many specific reasons behind losing in Fx trading, I want to emphasis on money management that you have mentioned first. Actually despite of good trading knowledge thats not possible at all to lead a comfortable trading life if you dont know how to manage money.Originally Posted by Patrik Ekstrm
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