From the point of view of the Council for Trade in the Forex market, I would give to any new trader to treat forex trading as the suras & # 39; serious business, and you can earn a lot of money, and in this article I will show you how, but if you do what makes the most of the traders, and is seen as a hobby or just to trade without a business plan, you're going to lose money. Let's see how to make a lot of money on currency trading.
If you start any business, you have a plan, and trade in the Forex market is no different, and your plan includes:
– A study of principles, related to the business in which you work, and to develop a strategy for profit.
– Analysis of the overhead costs and profits, to give you a real profit targets.
How many traders are beginning to plan, like above, before the trade?
Not so much, let's see what you need to do to make money, and operate profitably.
If you are a business owner, you know all the basics of your market, and this is true in Forex trading. You need to learn how to earn money and develop a system that works in your market, and it involves the development of strategies that just do that because – good Forex trading systems are simple and therefore easy to learn.
The real problem with most traders & # 39 is that they do not know the basics, and they do not develop a plan and eventually lose. They try and trade news, follow a guru or use robots and think that they can get the shortest way to success and they lose. If you want to win, you have to do your own research, take responsibility and carry out their plan in order to maintain your business overhead and profit more, that & # 39 is the real key to success.
The key to success in business
The key to Forex trading is to make sure that your income exceeds your overhead or converted into trades, which means to contain losses and to ensure that your big profits! Most traders do not, and the reason for them – they want to make money on most of their transactions, but this is not possible, you need to have the overhead to win, because the loss – part of your business – a key victory is to keep your head above your head.
You do not win 90% of your trades, how much someone tells you, you will win, probably no more than 50%, but it does not matter if you keep a small overhead (losses), your business can still make the total revenue if you run a lucrative deal to cover the losses and obtain an overall profit.
All business owners will know, they will have many casualties, lighting, heating, wages, taxes, rents, etc., but they also know they have to make a profit, and it's really the same thing in Forex trading, your losses – it overhead and your winnings. transactions can cover them and bring you a lot of money. To stay in business, you must keep overhead.
How much money can you earn?
Realistic target growth per annum is 50 – 100%, overall, but one with the & # 39 is good to strive for and, unlike many other companies, Forex business requires much less effort to obtain greater profits more other companies, and I know many traders who bring 100% of annual income for an hour a day – any other business can bring you such big gains so little time?
I can not think of any case with such a large reward for the effort you have to make. If you perceive the suras & # 39; serious business in the Forex market, you can earn a lot of money, but if you treat it as a hobby or a game of chance (as most traders), you will join the 95% of those lost – treat this as a serious & # 39; oznaga business and you can bring you a fantastic income.