So you had to deal with intricate figures of trade and have tried to make sense of a variety of news and the fact that they generally have in mind. All of a sudden you hit a brain wave: "If I just output the daily 10 points from the market and will maintain 100% winning rate, you make money in forex is easy!" In theory it sounds simple and easy, but whether such a system is viable? Unfortunately, it's not easy, but by the end of this article you will learn how to actually make money in Forex.
The problem with such a simple trading system
On the Forex market is a common myth that you need a high winning percentage to get a solid profit from trading in the Forex market. Marketers robots Forex play very well in the fantasy with a high percentage of winning level and often tout 90% or even 95% winning bets in its promotional materials. However, you do not need to have high odds to make money on forex in the long run. In fact, more profitable forex trading systems tend to win only 40-60%.
Another characteristic Forex profitable trading systems is that they tend to have much higher gains than losses. That's how they make a smaller percentage of the winnings. In fact, it makes no sense to trade a low income, since you need as much income to pay for the inevitable losses that you will encounter. If you have limited income to 10 points a day, sooner or later you will encounter 50 strikes and even 100 pips on the day, and you will destroy profits just weeks.
How to really make money on forex
Obviously there is no such thing as a Forex robot no loss, so forget about 100% wins and 10 points on the day. This formula of failure and frustration in your trading. If you do not work in the trade, and you are missing a proven, profitable forex trading system to get a steady income from trading in the Forex market, it is best to do this is to take advantage of other people's experience in the markets. This means identifying profitable system with the help of research and due diligence. It takes time to find it, but it's worth it.
The key to making money in the Forex market is the availability of a proven, profitable forex trading system and the application of sound money management strategies to create a solid income from trading in the Forex market. So do not waste your time, it is impossible for gnayuchysya high winning percentage or low income, because your time is much better to spend on trade with proven profitable system.