Why do a few forex traders make money on forex?

This is quite surprised that dispite the whole world from a child to an old human being is involved in forex directly or indirectly, why do most of forex traders can not make money on it?

Most of people are making money on forex as a passive income why not as an active?

Well!

The key factors behind it are various, few of them can be discussed and shall be attempted to eleminate, mitigate or reduced.

Most of people do not know how to choose a broker. It's quite well and base of the failure.

When you select the first thing as a wrong place how do you can reach to achieve your goals?

An stranger sitting in a bus don't know where the road or bus is leading him/her can never reach even at home.

When we enter in a restaurant we don't know what does it offer? We need to ask first about menu the food is a available to be served there.

How do we can eat an Asian biryani sitting in a restaurant in Romania? Untill know the specific Asian food offering restaurant.

So most of traders exactly don't know what kind of services a forex broker is offering! Can a trader easily reach it or not?

Wether the broker is legit from the operation teroterry and from the traders native government or not.

Then many of traders don't know how to register deposit withdraw verify accounts. But are active on trading loosing money reasonlessly.

Traders don't know what kind of broker is perfect for them, what kind of account is most suitable for them but instead all that they are a give and loosing money.

World statics doesn't need to know wether the looser is an expert, professional or not, it includes him/ her in looser list because only of his own mistakes.

Many active users don't know how to analysis candlesticks chart, technical analysis, historical back ground of the business they are involved in it.

They don't know the technical, historical and emotional basis of work they are loosing money at.

Many of traders don't know any technical non technical knowledge required for a trader but trading and loosing without knowing it at all. They just gambling, some times up and many times down.

The most important aspect of the venue is EMOTIONS which are mostly uncontrollable for 90% of the fresh or middle stage traders.

More of traders use technical indicators to analysis but they do not know how to use a technical tool to create a good positive signal for sell or buy something on specific time , pair or market.

They use technical indicators as it are given pre set on trading third party platforms.

They don't know what kind of technical indicators is required for the pair they are working on? How to choose set a pteset indicator or modify it.

Trading is not gamble a d gamble can not be trading.

It's big difference between each of them!

Say how?

When you gamble the other all things remain same all conditions of economy and market as it is and you get loss all or double up your money in a while all at sudden while when you trade it means you have bought something to sell later. I bought USD today when the dollar rate is down and sold after 12 months when the market is up. There are surtin changes not only on world market economy but as well as on local markets after 12 months.

When I bought 1000 USD 12 months ago oil was 2.5 USD PKG.

Sugger was 1.5 USD per kg tomato was 0.5 USD per kg but now after 12 months when I sold 1000 USD oil is 3.00 USD per litter, suggest is 2.00 USD

All that means

When we are trading it takes time net be little or more we make deals sometimes in loss seldom sometimes in profit mostly

However when we gamble it's quite wick all at a time.

To the point !

The most important reason to be a successful trader is to be quite Patience make trade wait for good time do not gamble.

You can not change your life at once like a gambler. King or begged!

First find knowledge enough about forex use internet but carefully because most of internet tricks and videos are edited yes go to www.babypips.com

The Scholl of pipslivy from kg to graduate. Seek an expert free or hire services. Then test strategy on demo on various base and various times.

Start your career as a successful trader step by step.

Understanding reading or learning about the forex is equal an ocean you can not swim off side just learn at least adequate knowledge ,what is required for a trader.

Trading on forex and loosing money these are antonym in my personal point of view.

This is the biggest topic of the world I can not debate on it.

See you next in an other topic

Nyvermynd