EUR Longs Reversed As Investors Turn Net Short EUR Once Again

Let me give you a tip here.

95% (or something close) of new retail traders fail. That's right. Almost all. The smart ones figure out what those 95% failing traders are doing and why they are failing, and then do something completely different. For Brokers the answer is simple, charge a spread, charge interest on positions and take the other side of their trades, hammer the stops when opportunities arise and generally shake as many people into/out of trades for a loss as possible.

For a retail trader it is not so easy without the in-built advantage but there's enough of us that do just fine...

It's a life long study - depending on your personality type and level of interest. One thing to keep in mind - the biggest impediment to successful trading is your self and how you plan around and react to risk. Trading for the average retail trader is not going to make one rich over night, or even over the period of a year or two. There are a myriad of trading tutors out there - some are genuine and some are not. Trading 'Forex' can be done in any number of ways - so the first thing to find out is what is your ideal time frame. This will inform your position size and how long you want to be in a trade once entered. The journey of learning what trading style best suits you is a process of gaining experience and building on that. Markets are seasonal animals and you have to have experience to gage when cyclical events are driving prices or when sentiment is. Good luck on your journey!

I am new to this forum and hoping i can gain more knowlege about forex trading . I knew that forex trading is hard to learn it needs more time and interaction from real other people who are engage in actual forex trading in as much i want to learn more about it.

Hi Peter,

Indeed, forex trading can yield results after the trader is well aware of market factors, trading psychology, and strategy. You can start by reading some articles here - https://www.orbex.com/blog/en/category/trading-psychology or watch some useful videos - https://www.orbex.com/blog/en/category/forex-library/tutorials. Additionally, you can sign up to monthly webinars and be part of a trading community - https://www.orbex.com/blog/en/category/forex-library/webinars. Let us know if you need more guidance!

In other words we cannot earn a living in forex trading?

Any idea why eurousd move so fast upward from 1.1431 to 1.1522? Whats the news about it? Thanks

Any prediction in what level it will Stop? So i can trade to gain profit. Thx

@PeterPaul..
Dont spend your money on Fx, spend it on Wine Women and song..
The result for your pocket will be the same..
The experience much more fun.