Some like to play lotto or casino, and others love the excitement of trading with stocks and currency. They all want to find a system with a high profit and no risk, but believe me it does not exist and never will. Forex have work out several of trading systems adjusted to the risk you are willing to take with your investments.
Volatility, or the tendency for fluctuation that can affect your earnings within the stock market, is typical within a domestic market but even more evident and much stronger on the Foreign Exchange Market. What factors affect the value of currency on Forex, and is there any way to control this?
Forex or FX is the nickname for the Foreign Exchange Market in which currencies are traded or a market where participants buy, sell, and exchange trillions of dollars worth of currencies daily. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world. There is no central marketplace for currency exchange; trade is conducted over the counter. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. The foreign exchange market is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals.
So far we have looked at the main types of mistakes that cause so many traders to fail. Essentially what’s been covered is a series of bad decisions which result in losses most of the time. Your task as a “soon to be good trader” is to recognize when you are at the decision points and make easier to make agood decision. After enough practice making good decisions becomes automatic. To understand and recognize your decision points it’s helpful to know what’s motivating those decisions – the underlying causes of trading failure:
You’re about to learn the main reasons behind the massive failure rate of retail traders and how you can avoid them and enjoy the incredible earning and lifestyle potential from consistently taking money out of the financial markets. Why only 5% of retail traders make money and what you must do if you want to join them .....?