Can Anybody Be Successful Trading Forex?
Can anybody be successful trading forex? Well, the odds certainly with you. The fact 95% of forex traders fail to make any money. But if you think outside the box a little bit you can certainly be successful trading forex. The key is not to make the same mistakes that are so common with forex traders. For starters, don't overleverage your account. I'd recommend not using a margin that is higher than 200:1. Try to keep your usable margin above 95%. So many losses are cause by simply not taking into account the money management aspect of trading. Either they overleverage their accounts so badly that they get margin calls or they just get so nervous and anxious that they cut their trades for major losses just do to fear. ...
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