Welcome to what may be the start of your success in the investment market such as Forex. In the Forex market you may buy and sell currency with the intention of making money. There are Banks, financial companies, investors, hedge funds, companies that changes for business abroad and Retail Traders that makes most of this turnover. I do not know if you are dipping your toes for the first time, or if you are an experienced trader so I would like to start with why this is a great place to begin.
The Forex market is one of the largest financial markets and there are transactions happening for over five trillion dollars a day, and this makes it a great place to invest and make money. Why is it then, that over 90% of retail traders – do not make money- or even loose money… This can be summed up in one simple word – Education – You need to educate your-self on trading to be a successful trader. If your goal is to trade part time next to your job, or be a full time trader and trade for a living, you need to know how the market work, you need to learn!
If you were to apply for a job, the employer would probably not hire you if you had no training or education in the field you were to work, so why would you not train or educate your-self in trading when it is your own money that are at risk?
Well… I will tell you why so many people just jump in and risk their money right of the bat… They are beeing conviced that it is really that easy. Everyone are bombarded with videos showing people earning thousands of dollars in hours, even what looks as teenagers saying “Look here how easy I made thousands on my phone, just by dooing this or that” And I really do understand that people get tempted, because it looks easy, I know -I have been there. But if it is that easy, why arent numbers the other way around? Over 90% that makes money, if it really is that easy? I think you already know the answer to that question.