The question why traders losing their money on FX?
I define few types of traders:
1. Traders which don’t know that they don’t know.
Beginners who jumping randomly to trades, they really don’t know what they are doing, or just follow some other “traders”. In this point lots of them finishing with loss and finishing with trading.
2. Traders which know that they don’t know.
The beginners wake up and see it is not “easy money”. They see, they must start to learn and work on themselves to survive in market. Also, lots of them in this point finishing with trading and usually with loss.
3. Traders which know that they know
Skilled traders with own trading strategy fit to his properties - action plan with good money management and good discipline. Traders with break even or small profit.
4. Traders which don’t know that they know.
It is upper level of traders from point 3, which do they own trading strategy in right way automatically with full discipline. Profitable traders.
I don’t have any magic formula to be profitable on market, it is a hard work. After hard work and when you will be in group 4. from my list you may say it is “Easy money”
I define few types of traders:
1. Traders which don’t know that they don’t know.
Beginners who jumping randomly to trades, they really don’t know what they are doing, or just follow some other “traders”. In this point lots of them finishing with loss and finishing with trading.
2. Traders which know that they don’t know.
The beginners wake up and see it is not “easy money”. They see, they must start to learn and work on themselves to survive in market. Also, lots of them in this point finishing with trading and usually with loss.
3. Traders which know that they know
Skilled traders with own trading strategy fit to his properties - action plan with good money management and good discipline. Traders with break even or small profit.
4. Traders which don’t know that they know.
It is upper level of traders from point 3, which do they own trading strategy in right way automatically with full discipline. Profitable traders.
I don’t have any magic formula to be profitable on market, it is a hard work. After hard work and when you will be in group 4. from my list you may say it is “Easy money”
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