Does forex apply to illiterated people

Does forex apply to illiterated people

World’s population Billion Forex Traders pop. billion - China % = million pop. billion - India % = million pop. million - USA = % = million pop. million – Japan = 10% = million (Japan h Aug 21,  · This may be a flaw in the logic of the novel. It is not illiteracy that is an issue, but rather what one may call "aliteracy," the non-reading of the common citizen. As Mark Twain said, "The man Oct 02,  · That is good reason, I have worked on Forex market since , and according to my research I found that most of the people select the correct and right direction of market but their Profit is a little and just with some pips such as 8 or 10 or 20 pips they will give up and for their loss hold the positions maybe till their accounts turn back or call margin, this is the main reason why most of

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Search Advanced search…. Everywhere Threads This forum This thread. Search Advanced…. Install the app. Thread starter topfx Start date Oct 11, Watchers Forums Forex Discussions Trading Systems and Strategies.

JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding. You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser. topfx Trader. Oct 10, 2 3 In any case if you have come across forex trading under the short form forex, fx, or simply currency trading the rudiments are the same as they all depict currency trading by traders of diverse knowledge and experience.

This means that people of different ideas or knowledge could make profit at any point in time depending on their strategy. Many became traders just because they attended a seminar where they taught the elementary aspect of FX and with the Zeal or eagerness to make money, they were motivated to come and join because their coach might have implanted in them the spirit of success without telling them the negative aspect in Forex market. Can a learner drive on a very busy highway meant for only experts?

Forex is likened to that because if you are not experienced you will not succeed. Second factor that contribute to the failure of many traders is the use of Robots. I am not advocating that all Robot are fake, but majority of them have disappointed their users. Thirdly, Not all Forex seminars is worth attending because many who organize them do so for their selfish gain in other to to exploit the newbie and enrich their pocket. Most of them have tried making a living trading forex but they never succeeded and they now turn to novice who will donate money to them so that they can make a living at all cost.

Fourthly, some traders successfully make profit for weeks, months and the market sentiment or movement at a particular point in time may not be favorable to their way of trading or EA, and this have led many to loose the profits they made and easily fade away. There are differences between successful traders and successful losers 1. A professional must have the mind of a trader: Trading in a volatile market requires courage and understanding of market movement at a particular time.

Successful traders where at one time losers, but for the fact that they want to stand out, they put much effort and this led to their success. They have a lion like mind, even if they see a draw down in their equity, they are not frustrated into entering bad trades, but tactfully handle issue and make more profits.

My next article will will discuss more on this topic. Reactions: Zack KingEnrichWave and 37riched. new digital Master Trader. topfx said:. Click to expand Reactions: Zack King. Aug 15, 64 8 19 The point about the "lion-like mind" seems to be very important for any trader. Even with small acount you need to think about the possibility of scaling, as it could play important role for the future development as a trader.

Alfredo Trader. Sep 18, 7 1 24 That is good reason, I have worked on Forex market sinceand according to my research I found that most of the people select the correct and right direction of market but their Profit is a little and just with some pips such as 8 or 10 or 20 pips they will give up and for their loss hold the positions maybe till their accounts turn back or call margin, this is the main reason why most of traders are loser.

Csmit82 Trader. Nov 12, 6 1 6 for me it is about mental state, I paniced when trading manually, so prefer EA trading, without my stupidity being involved. They lose because they trade forex with amateur systems, useless crap analysis from non traders, does forex apply to illiterated people, and following amateurs. Roman Trader. Jan 26, 2 0 6 rcbarlow Active Trader, does forex apply to illiterated people.

Jan 20, 10 0 I fully agree. Great system posted here. Will make you money if you let it. Ervin Samue Trader. Dec 14, 40 does forex apply to illiterated people 24 San Francisco.

A few traders feel that they have to crush each and every pip out of a move in the market. There is cash to be made in the forex showcases consistently. Endeavoring to snatch each and every pip before a cash match turns can make you hold positions excessively long and set you up to lose the gainful trade that you are trading. The arrangement appears glaringly evident here, simply don't be ravenous. It's fine to shoot for a sensible benefit yet there are a lot of pips to go around.

Monetary standards keep on moving each day so there is no compelling reason to get that last pip; the following open door is directly around the bend. Reactions: MaukHelloyeesUlacan and 1 other person.

There are 10, does forex apply to illiterated people, useless systems for freethere is no such thing as a free lunch.

Traders lose money, all their money with forum systems, does forex apply to illiterated people. Does forex apply to illiterated people Trader. Jan 19, 62 3 24 I think that reasons can be various for making lose deals, from lack of knowledge to insecurity or simply wrong analysis and assumptions.

I was actually surprised realising how psychology is playing crucial role on Forex and needs to be understood and properly controlled and managed. Dec 26, 24 24 Its true that many traders are losers.

The main difference between losers and winners in forex is the ability to master and implement a strategy. Some traders think that they have to crush every last pip in the market, and that's why they lose. Reactions: Mauk. Ulacan Trader. Feb 21, 91 9 The reason why people fail in trading is the lack of professional counsel. Those who are successful in forex are very busy trading, after several years of struggling to understand the market. Those who are free to offer guidance to new traders are just failed traders, who only misinform people.

Greed makes new traders fail to analyse the information presented to them and they just end up feeding on garbage. Ulacan said:. Helloyees Trader. Mar 8, 98 7 It's not only in Forex trading or something related. It's a life, somebody loose, somebody gains I think you should take that in account along with strategies.

Helloyees said:. Mauk said:. A greedy trader will see no use for stop loss and will also take very high leverage. Without patience, does forex apply to illiterated people, you'll not be able to go through the necessary learning process and you'll want a get-rich quick means thus falling into scammers' traps. georgequayle Active Trader. Feb 16, 97 12 29 georgequayle said:. lack of patience! Show hidden low quality content. Post reply. Insert quotes…. Similar threads.

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World’s population Billion Forex Traders pop. billion - China % = million pop. billion - India % = million pop. million - USA = % = million pop. million – Japan = 10% = million (Japan h Aug 21,  · This may be a flaw in the logic of the novel. It is not illiteracy that is an issue, but rather what one may call "aliteracy," the non-reading of the common citizen. As Mark Twain said, "The man Why do people promote forex? People promote forex because forex trading as a financial product is a lucrative opportunity for affiliate promotion. Webmasters and promoters can get a broker commission when clients open an account under the affiliated link. Except for affiliates, introducing brokers (the highest level of promoters) using direct Estimated Reading Time: 7 mins