A great number of people have got tired from office work, they want to start a forex day trading business from home.
They believe that they can make a quick buck on the foreign exchange market. But the result is they lost most of the life savings in forex.
Why do 90% of forex day traders consistently lose money?
First, if you want to become a professional day trader, you should treat trading as a business.
Second, if you want to make money in the forex trading market, you have to carry the forex trading business in a better way with serious attitude. For instance, build a forex trading business plan, a forex trading checklist and keep a forex trading journal excel spreadsheet
Third, it's a sad truth that there are no secrets in forex
They believe that they can make a quick buck on the foreign exchange market. But the result is they lost most of the life savings in forex.
Why do 90% of forex day traders consistently lose money?
- The novice forex traders didn't treat forex day trading like a business.
- The novice forex traders didn't keep day trading discipline rules.
- The losers in forex trading didn't write a forex day trading plan, a pre trading checklist and keep a forex trading journal spreadsheet.
- 95% of forex losers are looking for a simple forex trading system secret.
- 95% of forex losers never read best forex day trading books.
- The novice trader never learns how to trade currency pairs on the forex trading sites.
- The forex newbie has never tested his forex trading systems with a demo account.
- The forex newbie has never developed a solid, profitable forex trading strategies
First, if you want to become a professional day trader, you should treat trading as a business.
Second, if you want to make money in the forex trading market, you have to carry the forex trading business in a better way with serious attitude. For instance, build a forex trading business plan, a forex trading checklist and keep a forex trading journal excel spreadsheet
Third, it's a sad truth that there are no secrets in forex
Fourth, every forex trader should keep reading forex trading books. For example, Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves by Kathy Lien
Fifth, every forex trader should learn day trading knowledge of the forex trading sites
Sixth, if you want to make money fast, you must practice the day trading systems on the MetaTrader 4 platform
Seventh, I use the forex grid trading systems very often. I think you should also have your unique day trading style.
At last, Everyone should know that success comes from hard work and execution.
More reading: Top 4 Day Trading Styles – Learn What Works Best for You
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