Generating a consistent, low risk ROI of $100,000.00 or more per year from trading Forex is successful isn't it?
If an investor has $400,000.00 US in a well diversified portfolio and it generates an aggregate flat ROI of 25% annually, that works out to $100,000.00 US per year.
Even in expensive cities like New York or Tokyo a person can live a very comfortable lifestyle on $100,000.00 US per year.
If a person budgets their money correctly, and they don't really have any unmet financial needs as per their level of income, then I would most certainly say they are successful. If a person can't live on approximately $8000.00 US per month income, then it isn't a problem with Forex, but rather it's a problem with the person who lacks reasonable financial planning.
To state that successful Forex traders don't exist is absurd.
I find fundamentals are very difficult to understand and use for trading. Do you know of any books that teach how to use fundamentals to help with Forex trades. Everything I have read doesn't really apply fundamentals to specific trades
flashoutline posted: I find fundamentals are very difficult to understand and use for trading. Do you know of any books that teach how to use fundamentals to help with Forex trades. Everything I have read doesn't really apply fundamentals to specific trades
Don’t expect proper instructions from your broker; they only provide basic level of guideline!
Most sucess people do achieve with something like for example stocks, lately I am completely dissapointed with FX market and want to try usual stocks, as for me it's much stable thing anyway for many possible reasons out there - I do not see that.
To become a trader is easy but to become a successful trader is tough. If you want to become a successful trader, you need patience, desire, luck and most importantly a bunch of knowledge about forex. You need to take right decision on right time. You also need a support while trading in the market.
Imamul posted: In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
If you want to do successful trading in the forex market, you have to get all the knowledge and process of the market. On the other hand, you need to make a profitable plan to make money from this market.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.