Trading in forex is exciting no matter if you lose or win. You cannot stay cool when you earn money and you cannot be calm when you lose it. Of course it is more pleasant to earn money. In forex it is up to you to decide whether you will earn or lose it. This is a truly magic market where you will have many opportunities to change your life forever.
Have you ever dreamed of a job where you are your own boss? Do you want to go to work dressed in your pajamas? Do you want to start your working day when you want and finish it when you are tired? Forex is the job got you, then. No more waiting for paychecks. No more annoying colleagues. In forex you are master of your destiny.
Many people think that forex is easy. In fact, this market works according to a very simple principle. You should buy world currencies and then sell them at higher prices. The difference in prices would be your profit. At a first glance it sounds very easy. But actually it is not easy to make correct forecast. In other you should know when, for example, US dollar will be cheap and when it becomes more expensive. If your forecast appeared to be wrong you lose money. If you had all you money at stake then you will lose everything.
90% of beginners do not survive their first month in forex. It happens due to several reasons, namely:
1) They trade without strategy. Beginners come to the market with no knowledge and experience. Moreover, they think that performing random trades will earn them money. They think this is another casino. Forex is not a casino because there are many factors that influence this market. If you can analyze and summarize these factors you can succeed. Of course, you can win a couple of times of you have good luck. But in long term you are destined to lose.
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