What is the reality of Forex trading? Or can you tell me the truth about Forex? Or please tell me is Forex profitable or is it a myth?
Well people, it’s time to tell you things that nobody will tell in one place.
First of all, the huge websites that I visited to find the answer to the question above, are websites that have some Forex quotes. It does not matter whether it is a brokerage, a stock exchange, a system or providers of signals, strategies or platforms. They all have one common interest: to offer you only the best. Their goal is to sell their products to you. There is nothing bad about their goals and intentions, but be aware that some things will always be covered and hidden from you. So build your own experiences.
We give you shortcuts because we all were struggling while we were beginners in Forex trading. Indeed, our struggle begins before entering forex trading. Just thinking, measuring, asking and researching is the struggle itself. However, you will find many websites or people ready to tell you the truth about Forex trading. Just because there are some trading features that most don’t want to talk about.
And yes, these features in Forex trading are ugly. Some are evil and frightening. But all global updates‘ opinion is that we should talk about everything, no matter if it is nice and positive or ugly and not nice topics.
We will share what we know to answer you what is the reality of Forex trading.
Just to give you a clear path to determine whether or not Forex trading is for you. The benefits you already know, you can make Forex trading a wealth but we want to show you the other side of the same medal. One thing to keep in mind: None of us will ask you to surrender.
Based on our personal experiences, the most common misconception is that you must be a mathematician if you want to trade forex. Yes, it is helpful to understand the mathematics behind your trades, but you do not need to be a genius to do so. It must be said, however, that many successful traders have never started higher education. Have you ever heard of a college or university forex trading? of course not. Because if you want to be a successful Forex trader, you must have certain skills. You do not need a diploma. Speaking of these skills, for a profitable forex trader, it is more beneficial to be a strong personality, not to panic when the deals go in an unexpected direction. If you are nervous and without self-confidence, Forex trading is not right for you.
Yes, there are many complex trading strategies.
Indicators and charts. OMG, Forex by Nikola Tesla, NOT ME!
Just be quiet! Self-control ability is more important. Forex markets endless tension. Your temper is what you count, not your knowledge of mathematics.
all global updates’ will reveal to you a secret. The winning traders often practice one trading system. They learned that the system, and tested it on a demo account for several months, started real Forex trading and VOILA! Their results are verified, the system works, and they have a profit, so why change anything?
Another thing that we would like to share with you is the fact that your entry and exit points in Forex trading are irrelevant. It looks like rowing, right? Imagine we were laughing! Because it is the truth about Forex trading. How important are the points mentioned if you can put your business while sitting in a restaurant with your friends or walking? All you have to do is take your phone in your hand and start trading whenever you want. Sounds crazy?
Wait, there’s more!
We have heard many times that humans are generally not able to trade.
The truth is that some are better.
Being a successful trader does not mean that someone is naturally ready for it. This is not something the mother will give you.
What you have to do is start thinking that you have to fight with the market. As in the case of flying or fighting. Imagine that the market still wanted all the money that you put there.
What does your brain tell you? Flight!
No, never if forex trading was yours. Your mind must command you – fight! While sitting in front of your computer, you must be a fighter. Or you will lose. Who lost a profit, lost. (This is wise, we should spread this sentence all over the world.)
When we press the buttons to place our trades, we actually pull the trigger. By our brain’s command. Here is the trick. Our minds will send different orders. For this reason, you must have a plan. It is a battlefield, you cannot just run and shoot. This is when you are frightened or confused.
To get a profitable trade you must have a logical plan while trading forex. If not, you are 100% loser.
One of the biggest lies about Forex trading is that some traders always make 100% returns.
Come on! What does this information tell you? Some bloody beginners have blessed a few times and earned $ 400 on his / her account from the initial $ 100.
If you want to be a winning trader, the professional trader must have your goal a nice comeback to the end of each year, cumulatively.
To be more meaningful.
Professional traders are trading for monthly profits and want to get enough to live off that of course.
Percentages mean nothing in the world of Forex trading because they are associated with many variables.
Their balance will vary significantly from month to month. This depends on your profits and losses. What is really important and this is the fundamental fact about Fors trading is the risk-to-return ratio. So you have to calculate how risky you are for some rewards.
How much money did you risk in the last trade and how much money did you make? That matters.
This fact about Forex trading is nowhere to be found.
Do you know how some brokers, signal providers or strategy sellers want to think they have a magic weapon for the market? This is a lie. They lie to you. Trading is not that easy.
It may take years for you to make a lasting profit from the trade. Our goal is not to scare you, but that is the truth. You will need months and years of analysis, testing and debugging to be a professional trader.
The biggest fact in Forex trading is that you don’t need superior software or multiple trading screen settings to be a thriving trader. This is something that no one will tell you. Website trading in particular. All you need is a device with full access to some free graphic apps.
Remember that the most powerful tool in your warehouse is your mind, not the trading platform. Some simple, very cheap but easy to use programs can provide you with more benefits than the powerful ones. remember this.
all global updates’ has revealed to you the most hidden secrets about Forex trading and tell you the whole truth and nothing but the truth.
There Are A lot Of Questions About Hidden Secrets of forex You Can “Review