10 Interesting Facts About FX Trading

[pro4Xtrader 10]

1. All Brokers Are Not Equal

Oh yea, you will find a lot of dishonest brokers.

 

2. The Best Strategies Are Simple Strategies

In my case it is true, I've tried a lot of sophisitcated things, but strategy that works is simple and was developed by myself.

 

3. Overtrading Is a Recipe for Failure

Of course, overtrading is when you don't have a trading strategy, otherwise you would have wated for the next opportunity.

 

4. 95% Of Forex Traders Lose Their Investments In The First 6 Months

Probably even more than that

 

5. Successful Traders Compound Small Gains

It seems better to fix your profits as fast as possible rather than wait for a huge move that might never occur.

 

6. Banks Control the Foreign Exchange Market

Yep these guys control it and manipulate it as well

 

7. The Highest Profits Are not in the Majors

Although everyone trade major pairs, the highest profits might be in crosses or minor pairs.... thats works for me

 

8. Half of the Global Forex Market is traded in two countries

Guess what countries

 

9. Discipline Is a Trader’s Most Important Attribute

Complete truth!!!

 

10. Forex Is the Biggest Market

[spareappeal 10]

nice facts !!! thanks for the facts !!!