Dyuti Dayana 2620's Blog Dyuti Dayana 2620 If you have been thinking that Forex as a money making a machine that trading is not for you, you have to understand that it is all wrong. Forex is very hard and you need a lot of skill to master the art of pulling the money from the market to your pocket. It is not a quick market like a stock exchange, nor is it the result of two persons fighting in your alley. Millions of traders are involved in this trading process, where only 5% makes money. If you don’t want to lose your money, you can go home and stop reading this article. If you patient to try and try and master the new skill of trading on the online platform Forex, reading this article will help you to identify your passion from your crazy thoughts.
Short term profit and long term profit: Before you can evaluate profit, you need to know, in Forex there are two types of profits. The short time profit is where the traders make money in a trade and lose continuously in the other trades. At the end of the day, though he has won, he has a minus figure in his account. If you are relatively new in forex trading than make sure that you are involved in major pair trading since these are comparatively more reliable than the synthetic pair in the forex market.
On the other hand, there are only a handful of Forex traders who can come home with their money that they have made from the trade. This is the stable profit. Most of the professional trader in choose major pair trading as their preferred currency pair while trading the market. If you trade the major pair then it would be the perfect options for you at the early stage. It is also the right way of trading in the Forex. If you have placed 10 trades and lost 7 and won 4 if you have your strategies straight and solid rule, you can come home with money. If you cannot understand how is this possible, imagine this scenario. You lost 1 dollar in each trade and lost a total of 7 dollars in the trades. You won 4 dollars in each winning trade and won a total of 12 dollars. At the end of the day, you have made a profit of 5 dollars. This is how Forex successful traders trade. Making a consistent profit.
You must have to be patient. We are sorry, but we cannot offer you a magic formula that will double your money not we can provide you with an automated platform displaying possible future pattern of the market. Even the Forex robots are also a scam and they cannot guarantee that you can make 100 percent profit in major pair trading. If you think you are going to open a managed account, where brokers will trade with your money, do not even enter the Forex trading. There is no need of you if you investing money and not trading it with yourself. Simply deposit in a bank. That way, the money will be safe there.
Summary: There is no shortcut to success. Forex has no shortcut also and the only way of making money out of Forex is by being patient. If you look at the professional traders in the financial market then you will notice that all of them spend a huge amount of time in their trading at the early part of their trading career. They all make sure that have solid knowledge about the financial market. If you don’t have solid knowledge about the forex market then you can never make a profit in forex trading. Most of the traders in the financial market loses money since they don’t know how to control their emotions in the market. So if you think that you will become a professional trader in the forex market then make sure that you learn how to control your emotion. Because if you do so, only then you will be able to make profit consistently in the forex market.
