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How to make money forex day trading


how to make money forex day trading

The answer has more to do with what they dont know than what they do know. Income potential is also based on volatility in the market. You averaged 5 trades per day, so if you have 20 trading days in a month, you make 100 what is forex individuals trading for beginners trades. Then again, had you invested in a company like Eastman Kodak, your 10,000 would have evaporated to 3,500. Each market uses different capital amounts, so dont think one market is better than another based solely on the dollar returns. The fundamental backdrop of the market consists of three major areas and thats why its hard to pin point currency direction sometimes.

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It results in a larger loss than expected, even when using a stop loss order. Most of the time they are simply transacting on behalf of the banks customers. Even so, with a decent win rate and reward/risk ratio, a dedicated forex day trader with a decent strategy can make between 5 and 15 a month thanks to leverage. Day trading stocks is probably the most well-known day trading market, but it is also the most capital-intensive. Trust me you will experience more capital growth then you ever have before if you know how the bank traders trade. Our own trading expectations are often imposed on the market, yet we cannot expect it to act according our desires. These mistakes must be avoided at all costs by developing a trading plan that takes them into account.



how to make money forex day trading

Forex is the least capital-intensive market to trade.
Leverage up to 50:1 (higher in some countries) means you can open an account for as little as 100.
I dont recommend this.


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