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Investing In Forex Market

why do 95% of the people who invest money in forex and decide to manage it by themselves suffer losses? he answer is very simple, these people are not trained to do it.

Author: Dan Borettini

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SHOULD I MANAGE MY MONEY ? OR SHOULD I TRUST IN A BROKER ?

In the forex market there exist a great variety of indicators (to measure trends, oscillations, volumes, etc.) with which, applied with different techniques and rules of money management, hundreds of trade systems have been created.

What is curious is that if we analyze them one by one and we apply them in a chart, we will see that most of them work satisfactorily, so, why do 95% of the people who invest money in forex and decide to manage it by themselves suffer losses?

The answer is very simple, these people are not trained to do it.

In order to know if you are interested in trading in the forex market by your own means or if you will trust in a professional broker is, according to my knowledge, the first and most important decision to make. This decision will depend on different very important factors: having the time to acquire knowledge, mental control, training, etc.

If you do not fulfill these requirements, you have two options: do not invest in the forex market or allow a broker to manage your money ( there are hundreds of companies, legally regulated and staffed with high level professionals )

It is very usual for people, that just start in this exciting world of forex, to open a virtual account in any company to practice, and when they lose, they open a new one again and again. After some months and various accounts where they have lost all their money, they find themselves with an account where they are winning and think, “ I have learned at last, it is time to open a real account and start winning money “. Actually, if we analyze in detail, that account was sometimes 20% up, sometimes 40% down. In conclusion, everything was a question of luck.

If you really want to invest in the forex market and be successful the first step is that a broker manages your account, meanwhile, you can open a virtual account and learn about indicators and money management rules. You also need to develop a method or system, apply it and write down in a register book all the results and experiences you had ( this will let you learn from your errors and successes ).

After a year of practice, of having taken part in some free competitions and of having a system with which you feel confident, you will have the possibilities to be successful with an account with real money.

Remember, even for the most experienced and successful broker, there is always something new to be learned.

DAN BORETTINI
http://www.forex-managedaccount.com

About Author

analyst and broker in forex market http://www.forex-managedaccount.com

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