This question can be paraphrased: does a job with a good salary exist? Yes, it exists. But to reach a high salary level it is required to work in a company for some time in order of getting into to the root of the matter. On Forex this situation is similar. If you expect to gain profit on Forex market after a month of working – this means that you’re in deep illusion. If you understand this situation soon, you will lose less money. In my opinion, to bring oneself closer to profit making, it is required to pass through following steps.
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Is it possible to live on the profit earned on Forex?
April 22nd, 2009
Is it easy to make money on Forex?
April 10th, 2009
For many years the pattern of Forex market was developed as a source of easy and big money. In fact this situation develops rather successful and such a pattern grows with each opening of a dealing center. This situation is rather logical, as new unskilled customers “feed” with own money the directorate of a dealing center. In my opinion, such an outrage can continue endlessly.
Do not trust advertisement. Working at exchange is a rather difficult job. The reason is in extreme individualization of performed work. While in ordinary business in order of income support of a company there are employed a hundreds of workers, in Forex trading all the profits and losses depend on a single person – a trader, an administer of deposit account. If anybody in a big company makes a mistake, he will be secured by more experienced worker or administer, and such a mistake can hardly lead to a catastrophic effect. Trader, while working on Forex, is free from any authorities, but all he takes all the responsibility on his own shoulders.
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How long it is required to sit in front of a PC monitor, tracking movements of exchange rates?
March 29th, 2009
Traders possessing high skill levels in the field of technical analysis can afford themselves to execute multiple deals earning up to 300 points per day. At first sight it seems that everything goes the way it should be, but such way of Forex trading can be compared with performance of acrobatic elements by figure skaters or gymnasts. This activity is a daily routine for professional athletes, but for mere mortals it can be rather fatal. In trading the situation is similar. For a beginning trader… such an extreme would be of no eathly use.
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