Forex gain: the challenge 100k

It wasn ‘t easy but we made him $ 1k to $ 100k on the demo and the accounts of phase. Let ’s take a moment to celebrate and then down to business. It was that long enough? Ok

Why do some have it and made him give up or else they just have painfully failed? I have narrowed down to several reasons. If all goes well you can take these lessons from this article and impliment them in your own business.

1. Merchant then 1% trade.

It seems a little strange that people who have subsequently made the $ 100k only risk a maximum of 1% of their capital in any given trade? Burst forth which is what everyone who made it did. Trade in this amount of capital keeps you in the game if you run thereafter in a series of matches lost on the market. This information is essential to remember. Although profits are lower then someone who might, for example, 10% trade, your long-term ability to stay in the game is much bigger then the merchant 10%.

2. Merchant then 3 major currency pairs at a time.

There is no way to end it from the forex can be a risky and volitile. importante de devise . Information saturates the Internet about each pair of major currencies. Maintain more then 3 pairs of currency traders often leave in the paralysis of analysis. Personally I only trade 2 commanders and want to on those days. Being a master of 2 pairs of currency is to be much better then a jack of all pairs and a master of none.

3. Being lazy and not constantly learning.

People change, and contracts based on people change with them. Exchange forex all the time, which is a favored currency, which isn ‘t helped change week to week. My point here is not only new business, my point is that people who succceeded making $ 100k shaprpening always their qualifications. This market can make you filthy rich, and why you do not spend time learning all you can about it? I can never understand the new traders who read some books on forex and believe their study is to finish. est capital et etude. If you want to earn money forex also remember this, the cost of trading forex is the capital and study.

4. Only focusing on a deadline.

Here, finally and above all something that we probably made as new traders. But the more you give a kick this habit soon you’ll be more easier. Let me give you an example. If a daily chart shows a reversal of trend, but on a diagram 1 minutes it shows a strong beginning to a trend, if you focus only on the chart 1 Minute You will lose many Chedder. My point here is simple, keep an eye on the overall picture at any time. Use 2 or 3 different diagrams of time for a large image and then use 1 to make your decision market.

ne joue pas des favoris. Remember that the forex market does not play favorites. Learn to trade more smart and profits will follow.