Trading Truth in Forex
What you will read ...Forex first truth, you have to have money to make moneyThe second truth of Forex, there are various ways to make a profitThe third truth of Forex, Trading requires hard work
The truth is so bitter! If you still think that trading is the same as what you see in Hollywood movies, it’s full of joy, excitement and astronomical profits, because you’re probably going to crumble the world of beauty you’ve drawn. But if you look at the profession, you’ll be sure to read the full story carefully.
Forex first truth, you have to have money to make money
This is a proverbial proverb that may have a greater sense of meaning in English. In other words, take the thought that by charging your account for as much as $ 100, make a profit of several million dollars at the end of the year. Forex is not a dream come true and Forex brokers have dreamed for a dream dream capital!
Instead, consider a reasonable amount of reasonable profit that is available to you. For example, the numbers that our experienced customers usually take is between 5% and 8% of the profit per month. In other words, the benefit is 1.5 to 2 percent per week, which is a very reasonable amount. So you need to invest a lot of money so that you get a lot of money! Consider the following examples:
- You have to invest 100 million tomans in order to earn $ 8 million worth of fish.
- You have to invest 500 million tomans in order to get you $ 40 million worth of fish.
- You have to invest one billion and two hundred and fifty million tomans to have 100 million USD.
The second truth of Forex, there are various ways to make a profit
Warren Buffett, the richest investor in the world, has earned all his wealth through trading through fundamental analysis.
Ed Seykota, one of the best traders in the world, is only trading and profit making through technical analysis.
Mark Minervini, one of the stock market magic traders, is well-known for the use of technical analysis and fundamental analysis.
What is the main point of mentioning these examples? Everyone has to choose his own method based on intelligence, personality, lifestyle, daily planning and taste. Everyone in the world has a unique method of Trading. Find and choose the one that suits you best by experimenting with different ways.
The third truth of Forex, Trading requires hard work
If you’re thinking of treating, drinking the lips of the sea is eating Pinakolada, forget it all. These are the images that the elders of this industry create to attract you to the market and then seize your capital.
Instead, look behind the scenes of successful traders. A successful trader always follows his trading plan. In a very time-consuming way, he has a sleek and awake clock, knows when and for what it is necessary to enter into a deal.