Why Many People Who Trade Forex Fail Out, and How You Can Make Consistent Profit Trading Forex
Why Many People Who Trade Forex Fail Out, and How You Can Make Consistent Profit Trading Forex.
Most people who ever attempt to invest in Forex Trading will lose money. (You'll see why shortly)
And this is not entirely their fault.
Many people start trading Forex because they hear of how profitable it can be and this is true...
FOREX TRADING CAN CHANGE YOUR FINANCES FOR GOOD BUT...
It can also make you miserable.
(Most of the forex trading gurus you know only make money selling courses to you, not trading Forex so they will do anything to keep you from knowing this truth)
YOU CAN LOSE ALL YOUR MONEY FASTER THAN YOU CAN SPELL MONEY!
But it can also make you a multimillionaire sooner than you can imagine.
I once had a student who turned $100 into $2,000 within two weeks... but this is rare!
No jokes!
Before we continue let's make something very clear...
WAIT! Have You Ever Traded The Forex Market Before?
If you have tried to trade Forex before, I'm sure you can relate with this...
One day you're making profits, excited, you start thinking to yourself that you're making progress and almost immediately your head start doing the maths... "if I can just make $10 every day, that is $200 every month. It's doable jor"
And the next day... you've blown your trading capital.
No.
That's not exactly how it usually happens.
After your last winning streak, you started feeling like a pro... you've mastered one strategy (or so you think) and so you take a trade...
And it moves slightly in your direction... nothing significant though and then it starts to retrace gently but surely.
You are so confident that it will retrace... "this is just a stop hunt, the market is being manipulated right now, it will go back"
So you completely remove your stop loss. "I know what I am doing" you think to yourself.
You account is bleeding now... it's in serious loss but you are a 'risk taker' so you stay in there...
and the loss grows to 20%...35%...50%...80%
And now it looks as though the market is never going to return.
You have some faith... so you begin to pray and hope the market favours you somehow... but before you are done...
it's Margin Call!
You lost everything!
You start wondering if Forex Trading is for you.
This is the cycle many people find themselves... one minute you're making a lot of money and the next you've lost it all...
Most People Become Frustrated and Give Up at This Point.
Many others even start criticizing Forex Market and calling it "scam"...
But somewhere inside, they know Forex Trading can change their finances - if they can only figure out how to make it work.
But I don't want you to be like most traders who quit. I want you to become a profitable trader so that you can live life on your own terms.
As a token of my support... here's my gift to you you;
MY VALUE PACKED BOOKS - YOURS FREE!
What I Learnt After 10,000 Hours of Trading Forex
and
The Millionaire Forex Trader's Handbook
What's Inside...
Article by Olufukeji Ejimi Adegbeye
Published 22 Jun 2022