But why there are lots of individuals can't earn money in Forex still enjoy Forex?Originally Posted by ;
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But why there are lots of individuals can't earn money in Forex still enjoy Forex?
Well, everyone their own opinion.
For mepersonally, to conquer Forex you need develop your Economics of Science. You need to develop a Theory the way price/plogical moves. There is A theory not straightforward. It is hard to develop.
I've already my own theory or a system the way to own Forex.
My theory could be wrong.... But so far I'm fantastic!
Losing cash can be departing. People do like to gamble even though they are shedding. Most of traders understand how to make money by following a system, however they don't comply with the system because once you enter a trade with no system the rush of doubt makes us nervous and exited. Following a system and making money is rather boring compared to that.
That is human nature. That is the reason why most traders lose money, not because they are bad traders but because they decide to buy exitement for losing trades.
LOL
People do like to gamble even though they are losing; This is the reason why most traders eliminate money, since they're bad traders but because they decide to buy exitement for losing trades.
Ok...
It Is all about risk management:-)
Because Foreign Exchange is similar to gambling for all those people...!!!
But anyone who actually wishes to make money in Foreign Exchange, understands, it is hard... it isn't a get rich quick thing. It is a long slow process. It is a very long road... you'll have to follow it if you want to make it...
For those of you who believe Foreign Exchange is an art and are investing in 20% on a trade.... Well, good luck!! Look around here... can you see some of those guys trading like that who have been here more than a couple of months?? NO, they have had their margin calls, and couldn't manage to grow their own $300 starter accounts... and they are painting images out on a street corner somewhere....
And if you cannot do the math to determine what% risk you are trading, you just have not seen what Foreign Exchange is about...
YES !!! Losing money is exciting... !!! But not many individuals have endless money.
When you go to Las Vegas, you know you will most likely lose... you just take enough money with you to have fun for a bit... then you come home. That's nice... it was entertainment... like spending money in the movies... But if you go to Las Vegas with the idea, and worse still, the NEED to win the BIG ONE... you're likely to be sorely dissapointed!!! And people are the men and women who go to Las Vegas, and then come home and can't pay the rent...!!!!!!!!!!!
Anything I have said here isi not to put anyone down...!! If You're new, you need to know the truth... The idea is just to help you realize your money will go away VERY quickly...
If you risk big amounts... more than 1-3%... you'll be gone SOON
In case you can not do the math... you will probably be gone SOON
in the Event That You EVER get more than one margin call on a REAL account... you'll be gone SOON
Hear Hear! Well said!
GF
The math needed to avoid margin calls may be accomplished quickly and in your head.
Following an extremely limited time trading you should not even have to use math to avoid margin calls. Your trading strategy alone should keep you miles apart from this territory.
Obtaining a margin call is a result of closing your eyes, letting go of the wheel, and also seeing just how far you can go until something occurs.
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