Is it possible to trade on Forex without loss?Johannes Röll 21 / May / 20 Visitors: 9
Let 's discuss the issue that every rookie trader cares about: how to trade on Forex lossless?
On mistakes study!
To begin with, the path to professional trading is very difficult, and without monetary losses no one will ever be able to pass it. This is a fact that you must accept before you start trading on Forex: losses will be, but it is on them that you will be able to learn to trade and understand your mistakes.
What can be avoided is losing a really BIG amount of money. What does it take?
Difficulties are part of the road to success
Forex is no place for the lazy. In order to succeed, it takes a long time to learn, develop and work on your mistakes. Of course, sometimes you will not have anything, there will be difficulties in understanding certain issues. But if you do not stop halfway, continue to fight against your weaknesses - in the end you will certainly find success.
Do not overload the schedule
In order to successfully trade - it is necessary to master both fundamental and technical analyses, eventually choosing for your trading system what is right for you.
Those who choose technical analysis often move with the number of indicators used. That 's what 's clogging the schedule a lot.
To avoid confusion and congestion, highlight and trade indicators suitable for certain currency pairs.
Begin with small
If you have not yet gained experience in trading - it is better to start with a demo account or with a small deposit. But the most important thing in this matter is to pick up a real regulated broker.
Do not hurry to invest all your savings in the first attempts. As we have already found out, losses are inevitable, and with a lot of money in the trading account, there will be too much temptation to enter some deal with a big lot. And without proper experience, it has consequences. You go quieter, you 'll go on.
Forex is a complex market that needs a responsible serious approach. You must understand that without money losses it is impossible to start this path! Even professionals lose money on the market, and what to say about beginners without experience? If you are called a "brokerage company" with promises to make you a millionaire in a matter of weeks - you can conclude with confidence that this is a Kitchen that wants to get money out of you.
A real licensed broker will never call you or even make any promises about your profits.
If you have decided to develop in the field of trading for yourself - find a truly reliable broker who will help you.
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer