Actually, although it is a little bit frustrated, it is true that most of the Forex traders who trade with live Forex accounts fail to make profits for many reasons. We have already talked about these reasons a lot. It is not that hard to understand that Forex traders may lose money if only they enter the risky market without any pips.
No.1: To be honest, clients’ trades and orders are not transferred and placed in the real and global currency market. Forex brokers have their own internal market. Although they display the real currency market prices on their platforms charts, they do not transfer the orders to the real currency market and in fact their clients trade with them, not with the real currency market.
In other words, Forex brokers benefit from their clients’ losses. In contrast, if Forex traders make money, the broker will lose. Therefore, they should not become happy if they see that you are wining, because your profit has to be paid from their pocket.
No.2: To do your Forex online trading well, Forex traders should first learn at least one trading system and stick to it. Risk and money management is another important thing that they should learn. Actually, many Forex traders are forced to get out the market just because that they have no strict disciplines. Indeed, Forex online trading is not an easy task for anyone.
No.3: There are a lot of other mistakes that almost 99% of the traders make. Some of them are used to close winning positions so fast and hold losing position for long. That is to say, most Forex trader cannot know exactly where the Forex market is going next. Therefore, figuring out a best Forex trading platform and plan a suitable Forex system is quite essential for traders for making profits.
Read more
http://www.ikonfx.com/forexblog/forex-tips-things-you-should-know-about-forex-online-trading/
No comments:
Post a Comment