There are several things you should know before you jump into the forex business. Very wise if you could take the time to read this article.
MINDSET
Why did you jump into the forex business? What is your goal? We must determine the final destination before you start seeking the dollar in the forex market. Once I asked the people around me about their goals. Most of them answered to get the money. Of course it is natural. But we still need to be aware of the mindset that can be an enemy, that want to get rich quick. Yes, want to be rich in a short time. Even very brief. Things we need to know here is, forex is not easy. Once again, forex is not easy. So, if you have a goal to get rich quick. Forget it! Thinking like that will just make your money disappear faster. Do not believe? Please try. But do not impose your problems on me if it happens.
LOSS AND PROFIT
In the forex markets, there are two possibilities that could happen. Loss or profit. I know, everyone would want to get profit. Including me and you. But we also must realize that behind the profit, it there is the possibility of loss. When we do a transaction, buy or sell, then there are two possibilities in the future. Profit or loss. Please note, forex is high risk high return business. When you get a huge profit potential, the potential loss would also be huge. So, consider carefully when you will transact. In fact, the overall total loss could reach 90 percent of your funds. Lol lol, does not sound good. But the potential profits could reach tens of percent, even hundreds of percent. Of course, if you already have good skills. Because once again, forex is not easy.
LIQUIDITY
Please also note that liquidity is very instrumental to the success of your forex trading. Did you know that there are some pairs that move more than 100 a day. Let's say you are transacting with the lot size 1, then the profit gains could reach $ 100 a day, vice versa, losses could reach $ 100. Please note the character of each of the pairs before you get into the market.
TRADING METHOD
The decision to take action to buy or sell is the most crucial. Due to determine whether you will be loss or profit on the transaction. At this stage, we should be able to predict the future market prices, so that the percentage of profit is greater than the percentage of loss. To be able to predict the market, we must have a trading method. we discuss in the next article. And do you know, the difference between the trader and the gamblers are located at this stage. Gamblers prefer to guess, and trader using the analysis. You choose which one? trader or gambler? Hey, please answer! Become a trader or a gambler? But, there are also traders who guess, and successful, they are not arbitrary. Because they use an intuition. Yes, intuition. Intuition is only owned by professional traders who have for years been plunged in the forex business.
Well, for the next article, we will discuss tips to avoid losses, keep stay tune guys in this blog ... or I'll remove it.. haha,, just kidding.. :)
MINDSET
Why did you jump into the forex business? What is your goal? We must determine the final destination before you start seeking the dollar in the forex market. Once I asked the people around me about their goals. Most of them answered to get the money. Of course it is natural. But we still need to be aware of the mindset that can be an enemy, that want to get rich quick. Yes, want to be rich in a short time. Even very brief. Things we need to know here is, forex is not easy. Once again, forex is not easy. So, if you have a goal to get rich quick. Forget it! Thinking like that will just make your money disappear faster. Do not believe? Please try. But do not impose your problems on me if it happens.
LOSS AND PROFIT
In the forex markets, there are two possibilities that could happen. Loss or profit. I know, everyone would want to get profit. Including me and you. But we also must realize that behind the profit, it there is the possibility of loss. When we do a transaction, buy or sell, then there are two possibilities in the future. Profit or loss. Please note, forex is high risk high return business. When you get a huge profit potential, the potential loss would also be huge. So, consider carefully when you will transact. In fact, the overall total loss could reach 90 percent of your funds. Lol lol, does not sound good. But the potential profits could reach tens of percent, even hundreds of percent. Of course, if you already have good skills. Because once again, forex is not easy.
LIQUIDITY
Please also note that liquidity is very instrumental to the success of your forex trading. Did you know that there are some pairs that move more than 100 a day. Let's say you are transacting with the lot size 1, then the profit gains could reach $ 100 a day, vice versa, losses could reach $ 100. Please note the character of each of the pairs before you get into the market.
TRADING METHOD
The decision to take action to buy or sell is the most crucial. Due to determine whether you will be loss or profit on the transaction. At this stage, we should be able to predict the future market prices, so that the percentage of profit is greater than the percentage of loss. To be able to predict the market, we must have a trading method. we discuss in the next article. And do you know, the difference between the trader and the gamblers are located at this stage. Gamblers prefer to guess, and trader using the analysis. You choose which one? trader or gambler? Hey, please answer! Become a trader or a gambler? But, there are also traders who guess, and successful, they are not arbitrary. Because they use an intuition. Yes, intuition. Intuition is only owned by professional traders who have for years been plunged in the forex business.
Well, for the next article, we will discuss tips to avoid losses, keep stay tune guys in this blog ... or I'll remove it.. haha,, just kidding.. :)
1 komentar:
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During the webinar Mark and Antony shared their tips to success and answered questions about their new release of the GPS Forex Robot that CAME OUT TODAY!
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