Lost money in forex ??
You are not alone in this.
95% of forex traders lose money, in fact it is closer to 97% or 98%
95% to 98% of forex traders use either Fundamental or Technical analysis to trade the markets and many of them boasts of getting it right 80 or 90 percent of the time.
The true picture however is that they don’t get it right 80 or 90 percent of the time because it is not possible to predict where the market will go and if you get it right, you are just lucky and it was a fluke. Wait just a bit longer and very soon you go from being right to being wrong and start losing. Stay with it a bit longer and you start going VERY wrong, losing more and more so you got it right but you never made any money and pretty soon you have a big loss to show for it.
This is the reality of the forex market if you are using predictive “technology”. With predictive analysis of the markets, the only thing that can be accurately predicted is the eventual outcome of your trading.
Not all is doom and gloom however.
Remember, 95% to 98% lose money, but what about the 2% to 5% ??
They make money no matter where the market goes, up…down…or whatever.
Take a look at your broker.
If he does a decent job of brokering, he will make money if you make money and he will make money if you lose money.
Not all of the people are in the 2 to 5 percent are brokers.
There are some in that group that do not rely on getting the market right.
They do not need to. They make the money if the market goes up, they make the money if the market goes down. The same concept as the brokers but they are traders, not brokers.
Is it about time you should consider crossing the line into the 2% of winners ??
