Why Forex Make You Poor

Still thinking Forex trading will bring you lightning profits? Take the eraser, if you need a board eraser, and get rid of that thought from your head. There is no instant advantage in this world. Instead, there are some Forex trading risks we need to know.

All forex traders must have lost
Yes, that means ALL. The word is deliberately written in capital form to remember: loss can not be avoided in life, including in the famous Forex trading with its lucrative offerings. Come on, who is not interested in making money just by sitting watching the movement of the charts? Here we are talking about money in MILLIONS, sometimes even MORE. But before that, of course there is a loss that we must face.

In fact, according to a lot of research results, 90 percent of traders must have lost and lost their capital. Some even say, to be successful trading, it must never feel the loss first.

If we hate defeat or fear loss, better do not continue this Forex lesson. Because such people will find it difficult to adjust to the sometimes unexpected Forex trading rhythm. Keep this in mind: a trader, no matter how successful he is at the moment, must have lost money.

There are people who should not be trading
"APPAAAH ?! Is not everyone allowed to trade?" Hey, hey ... Quiet friend. Do not rush the lust first, before all clear.

Although everyone can and can join Forex trading, but in practice NOT EVERYONE advised to pursue this field. Especially those who ...
Does not work
Low income
Sink in debt
Unable to pay utility bills, or meet the necessities of life
The main reason why those with the above characteristics are prohibited to jump in Forex trading is because the minimum capital in order to be successful trading is USD500 (on mini / micro account), and it is not necessarily going to profit directly. Do not expect to get rich with capital just coins.

Many ways to minimize losses ... as long as exercise!
Just because Forex involves money, do not think all the Forex traders around the world can make a profit just by clicking the mouse. In fact only about 10% of traders are able to generate large profits. But many people who misinterpret and think with their Forex trading will be able to reap huge profits just overnight.

Well ... okay, we can indeed make a big profit with Forex trading. But big profits, will always be accompanied by risks that are not less too. After all, that is not understood by all beginner traders or those new to Forex is: the profit is not necessarily generated in a short time. To be able to profit we have high levels of discipline, such as the Miss Universe candidates who desperately take care of body and dress up to look perfect. Such a strong will is what we must have.

The reality is, often the big losses are caused by these four things:
Do not have a trading plan
Well, we definitely have a goal to get a big profit. But come on, we can not call that a plan. The trading plan here not only contains trading objectives, but also what strategies and steps we will take to make trading run smoothly.
Less practice in demo account
Although trivial but trading practice in demo account is one of the most important thing for us to become a reliable trader. Remember in movies about heroes? Hercules, Superman, Spiderman .... Before becoming a superhero, they all trained hard. Practicing swords, martial arts, lifting weights, even bitten insects! Where are we? All we have to do is practice in demo accounts for several months, before getting ready for action in live trading.