You can actually tell if someone is new in Forex by the way they count their pips or profit. When people starts forex they count pips. They can have hundreds of pips a day and yet their profit is low. This is due to the low risk reward ratio they have taken.
Once you are older in Forex, you will see the ratio. No point of taking hundreds of pips when the profit is low. So you start to take high risk high return trade. These trades do not give you high pips but the profit margin is high.
That is how money is to be made in Forex. You actually manage your risk and take profit from it. For today as of now, I already taken 3 trades. 2 profit trades and 1 lost trade. My account grows 37%. Not bad for a slow Monday.
For the answer to Forex, once you know it you will feel helpless. No matter how smart or brilliant you are it counts for absolutely nothing here. I have Banking and IT qualification. Did that help me? 2 different qualification did not help me one bit here. Made me want to cry when I found it out.
Hunt pips but count profit.
-
▼
2010
(33)
-
▼
June
(30)
- Forex Basic System
- Forex Traders Tools
- Not Pips But I am Profit In Forex
- Lost In Forex
- Forex Is Not
- See Only Big Players
- Difficult Market Conditions
- Automatic Trading
- Long Term Trades
- Base Line Trader Introduction
- The Market Move
- Rangings Markets
- Trade the Trend
- Land Of Forex
- Review Forex Trade
- FOREX TRADING SYSTEM
- Forex Signal
- Marketiva totally scam
- Trends, Momentum, Timing
- World Of Forex
- Rollover
- USD and CHF Currency
- GBP and USD Currency
- USD and JPY Currency
- EUR and USD Currency
- Bid and Ask Spread
- Long and Short
- Forex Quote
- How To Make Money Forex Trading
- What is Pip?
-
▼
June
(30)
Powered by website analytics technology. |
Blog Archive
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment