Why does someone make money on Forex and someone loses?

Currently, hundreds of thousands of people are engaged in stock trading; thanks to the Internet, the number of people wishing to become a trader has increased hundreds of times.

At the same time, not everyone succeeds as they would like; most of the beginners lose their money and only a few remain trading.

As has been said more than once, official statistics are not reassuring and call 5 to 15 percent of investors successful.

According to my personal observation, this figure is even smaller and amounts to no more than 3%, that is, out of 100 beginners, only three trade profitably.

Why does someone manage to become a trader and have a stable income, while others leave the market disappointed and without money?

In fact, everything is not so complicated here, and there are no special secrets. Yes, there are rules that simply need to be followed, but they are known to most beginners.

So how can you start making consistent money on Forex?

Realistically assess the prospects - it is inflated expectations that push everyone to rash actions and force them to do stupid things.

Try to set yourself up for the fact that at the beginning you will earn no more than 5% per month, and even less from one transaction.

Limit losses - we lose no more than 1% from one transaction and trading will begin immediately. At the same time, you should not use a leverage of 1:500 and close the deal as soon as losses exceed 1%. You won't succeed with this approach.

Try to select the size of trades so that the percentage of losses is slightly larger than the size of the correction on your time frame or corresponds to a certain level.

It is this rule that will allow you to start working and not drain your deposits .

Find your Grail - that is, the signal that you will focus on when opening a deal.

For example, you open a position only if there is a sharp drop or rise in price, counting on an inevitable correction against the trend.

You must find your signal, study all the features of the situation in which you will work and bring the system to perfection.

There is nothing complicated in stock trading if you follow a certain system, so don’t try to reinvent the wheel, most professional traders use the same strategies , and most beginners lose their deposit due to high leverage.