The word “forex” in the minds of the layman is associated with what is unusual, mysterious, exciting. And everything is explained simply: Forex is money, it is a sweet dream of momentary enrichment, the path to a comfortable, wealthy life. Interestingly, the layman is right. The game on the exchange rate does not require daily highlighting at the computer and the hard work of thought. Here, daily earnings can be obtained in five minutes, but the most important thing is to restrain the excitement in yourself, not to become a market player who is guided not by reason, but by emotions. If the excitement takes possession of the trader with the heart, then you can put a cross on his career – he will not earn.
Sometimes you have to hear Forex compared with a huge roulette: they say, guessed with the movement, made a bet on the right currency – and now, you are already rich. Only a person who does not know the market mechanics and does not have a concept that does not know about the principles of trading and the essence of the Forex strategy can say.
The market is a very sensitive mechanism living according to clear laws. Knowing their essence, understanding of the logic, all the relationships, causes and consequences here turning the game with a case into a completely ordinary, methodical and consistent work. An experienced, knowing and at the same time capable of thinking a trader working in the Forex market, with a very high percentage of confidence, can predict the growth and fall of the exchange rate, as well as the height and depth of these vibrations. Mistakes are possible, there may be a mass of reasons for their occurrence, such as, for example, reasons for getting into an accident on the road. It can be inattention, and an elementary miscalculation, and lost sight of the premise, like a change of power in some African banana republic. Although such events, a skilled trader should also be able to assume and take into account.
If you try to adopt them from successful traders already running up and checked in the Forex strategy, then you will be disappointed. In order to talk about our own experience, about the technologies for monitoring the state of the global economy, politics and society, about the methods of market analysis and currencies, its relevant and ripening trends, it would be necessary to create multi -volume labor, which would have been outdated much earlier than the author would have time for it finish. You can adopt some interesting technique, methodology, tool or method, but the strategy will have to create your own, for this you will have to work thoroughly.
Earnings on Forex are not easy. Here everyone gets their share of success, respectively applied efforts. It is persistent educational work and non -stop practice that are the key to earnings in the foreign exchange market. They, not the dimensions of the initial investment, provide high stability and acceptable income. An inept trader will lose millions of dollars in a week, and who knows and thinks for the same time, this million will triple.
In the process of studying the market and its mechanics, you can only stop. A calming self -confident trader is doomed to ruin. The market changes every second, at any moment the currency player should be ready for the fact that he will lose money. Here they earn a lot only because they constantly risk everyone.