Put yourself in a room 100 people who are there for the same purpose, to make money trading Forex. In front of you is a computer with multiple charts for multiple currency pairs. Just took over a period of 3 weeks to Trade Forex. Also have you provided a $ 10,000 live trading account to trade with. For anything you above the $ 10,000 you get to keep 40% on everything you lose, you need to pay back. Would you trade for 4 weeks, 5 days a week. At the end, the person with the more money you'll earn an additional 40% of the money they have made.
Just get the first trade you are for the remaining period of 4 weeks. There is no turning back. The questions are.
1. how much money you can you?
2. Will you survive?
3. How would you bet against yourself that you lose?
Firstly, how you can? 4 Weeks could do a huge amount of money trading Forex. It is possible to double your money every week or even every two or three days. A more realistic figure could be trying to add 10% to 20% during the period of 4 weeks. Great deal how will depend on market conditions during a specified period and of course your skill level. However, the odds are stacked against you. Why?
The answer to this is the second query. 95% of traders to the Chamber will fail. 95 people will not make money. This is the statistical fact. There are many factors for the failure. One of the most important is the inadequacy of Forex trade schools. Another is subjective trading methods. Many traders trading the wrong timeframe. There is a lack of understanding about when to trade based dynamic market.
I have identified more than 26 reasons fail people who want to Trade Forex. The reason I know that many of them are coming from my experience of negotiations for the past five years and by teaching, writing and guidance they need to make Forex traders.
The answer to the last question is one you can reply. Another question to ask is, how much money do cost to win in Forex? In other words, what kind of money you must spend one to put themselves in a position to make money rather than lose it? It is a place to start by visiting my site and click the green button on the side panel, where you can read my introduction eBook, 26 reasons why People fail in Forex and how to correct them, I knew I wanted the when starting Forex Trading.
I can assure you that after reading this book you will understand where your weaknesses are and the benefits you and why you are failing in Forex. If one of the reasons for the failure to accomplish successfully, the small amount of money paid, would be worth.
Paul Dean is the owner's will learn Forex
To read more about the best trading system forex for beginners, please visit our website.
Article source: http://ezinearticles.com/?expert=paul_w._dean
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