How to earn in Forex Market: Statistics and Facts

Statistics show that 85% of traders lose money in the first month of trading and most of them quit trading completely in the first year. There are several reasons for this:

Lack of understanding of trading. Trading for newbies seems to be an exciting game where you can make money even on the basis of mathematical probability with a few mouse clicks. Beginners don't know the basics of trading, don't understand what influences the price, and don't know about the rules of risk management.

Lack of goals, action plans, and strategy. That is the lack of understanding of what and when the person wants to achieve. No algorithm of actions - no result.

Lack of mathematical skills. They are needed to calculate the point value, the length of stops, or take profit. Beginners think that you can quickly earn money on Forex, corresponding to at least an average salary on another job. But they do not take into account that it requires a big deposit or high risks. Here is a small example: if the point value of EUR/USD at a minimum lot of 0.01 is 10 cents, the average volatility is 80 points, then, under ideal conditions, a trader will earn only 8 USD per day. The calculation is arbitrary because trades can be opened in both directions. But it does not take into account losing trades and the fact that signals do not appear every minute.

Lack of desire to develop. As soon as a beginner understands that Forex is not an easy job, he gives up. Forex requires the constant accumulation of knowledge and experience: analysis of new strategies, testing of new instruments, monitoring of fundamental news, communication on forums, etc.

Absence of mindfulness, diligence, and emotional stability. How to choose a broker without being cheated? How to calm down when you lost real money? What to do in case of force majeure? Many beginners don't have an answer to these questions.

Yes, you can make money on Forex! But you must realize that this will be preceded by months of training on a demo account. You must be ready to risk with real money and must dedicate maximum time to trading. You want to earn - learn every minute. Test the strategies, figure out the mistakes, believe in your power, and don't give up!

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.