Saturday, January 23, 2010

Forex newbies - all will lose!

Yes....same thing, didn't trade much since I pay more attention to the stocks. At the same time....was told by a pro-trader that all newbies forex traders.....lose! 100% will lose money at a regular pace for most of their trades in the first year. And if still in the forex market in the 2nd year....then, the chances of ever making money would increased by 50% ( meaning 50/50 chance of making some money ) in all trades but must still have to trade constantly all the time ( meaning making inter-day trades, 3hrs trades and also the basic core trades - in a daily/weekly basis ).

If still....can last to 3rd year only then, the odd will be better when trade. At the same time....have to pay full attention and be very focus. Easier if just focus on one pair to trade, that way....the gut feel will come faster and easier too.

3 comments:

wINtoTo N aLSo 4D...yEAh! said...

trading to make money....must not depend on just luck! if that is the case....then it is better to go find a regular job and keep a super low profile in life!

Freedom said...

All will lose unless you checkout my blog - lots of trading info for newbies ;-)

http://tradingtheforexmarket.co.cc

Mario Sidhu said...

Stop making money. Money is not salient!

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