FOREX TRADER

How to become a full-time forex trader is a question tens of millions of traders ask themselves each day. Looking at retail trading statistics among online forex brokers show that an average of 75% of traders lose money. In other words, only one out of every four makes money. The percentage of forex traders that makes enough money to trade for a living and earn a full-time forex trader income is far less than that. Some estimate that less than 2% achieve the most sacred accomplishment of trading.

There are a lot of ways to trade forex, and they differ from each other considerably. For example, it is enough to remember system trading based on technical analysis or situational (intuitive) trading based on the trader's experience. Next, we will provide an insight into the best ways to trade forex, including valuable tips for beginners.   Keys to Success in Forex Trading The vast majority fail to become profitable traders. Nevertheless, the best ones often have common patterns.

​For all traders, whether beginners or professionals, a very important thing to remember is to use proper money management techniques. Considering that trading is a skill that is improved through experience, traders must learn how to avoid forex risk. Traders will avoid forex risk if they pay attention to the factors that affect the forex market and make a trading strategy before trading live.