Why all people lose money trading forex, is there any secret ways of trading? -

I don t believe everyone lose money trading forex. However, majority of traders lose money. I have been trading since 2005. I lost in the beginning when I did not master my emotions and did not have my own system in place. I tried trading following other people s system. It did not work. You need to create your own trading system and have the discipline to follow it through everytime, with your stop loss in place. Test your system, test and test some more with a demo account. If you are satisfied with your demo performance, then you can start trading your system with a real account. Losing money will make anyone feel uneasy or guilty. But for beginner traders, huge losses make them feel particularly guilty, more so than other more experienced traders. For some, it goes back to growing up and being taught by our parents to save the hard-earned money for a rainy day. Losing the money almost equates to breaking a family tradition we’ve lived by our entire life. For short-term trading (the type of trading that many beginner traders are involved in), risking money is a necessity. And again, many believe this goes against how they were raised. Combine that with the ever-present pressures from family and friends when you tell them that you are becoming a trader or the “I-told-you-so” when you lose money, you’re almost set up from the started to feel guilty about what you’re doing. Don t be shy, go take the course at http://www.babypips.com It is free and one of the best sites, I have come across in Forex education. Hi.. The reason people lose money is becasuer often they have not been trained to make money by trading currency. Are you able to do surgery? If you are not a surgeon you will ruin more lives than those you save. Trading is a skill and everyone needs training. It is not a natural thing..it must be learned. because it is practically a scam. They make money off all the idiots that think they can time the market and when they lose all of their money, they are afraid to say anything. But if they make money they tell everyone, so their idiot friends think that quot;if this idiot can make money, so can Iquot;. No real secrets. The facts are that amateurs can t compete with the knowledge of professional Fx traders or with the resources they have at their command. It s like a high school JV football team playing the Indianapolis Colts. Unless the entire Colts team comes down with an extremely bad case of the flu, they re gonna win (and, even with the flu, they ll still win if they can make it to the field). Does that mean that it s impossible for the quot;average joequot; to make money in Fx. No, it s not impossible. However it s extremely unlikely and when it does happen, it s usually due to a stroke of good luck. all people DONT lose when trading forex options. it is just another way to invest and trade albeit a very lucrative one. if you are not able to make money trading quot;longquot; in equities then the forex is NOT for you. If you have not traded equities before and someone has talked you into trading in the forex market then this is a sign that person is NOT a friend. They are either stupid or they are trying to seperate you from your money for some alternative reason. Well the simple answer is if ALL people are losing money than all you have to do is the opposite of whatever they are doing. If they buy....you sell. If they sell....you buy. In reality ALL people do not lose money at Forex. I will however agree that MOST people lose money at Forex. I also have a feeling that MOST people lose money in options, futures and the stock market as well. Th real problems are human nature and human emeotions. Without a specific trading plan and the discipline to stick to a plan you have no chance to succeed in Forex. Most people are controlled by fear and greed. How many times have you stayed in a trade too long because you were greedy and wanted more only to see the trade move further against you. How many times have you gotten out of a trade too soon because you were afraid that it woul move against you but as soon as you got out the market continued to generate profits that should have been yours. So I guess to answer your question....yes there is a secret way to trade Forex. It is to have a solid trading plan, have the firm discipline to stick to the plan, always use a stop loss, always have a profit target, pay very close attention to your charts, keep fear and greed locked in a drawer somewhere......... Or setup a simple conservative hedge trade where you let the market do it s thing. You don t care because you can make money if the market goes up or down. You will get paid an interest payment everyday. And you only have to spend about 30 minutes a week to manage an account of any size. I am simply amazed that more peolple do not use hedging strategies....the banks all do......and they are trading YOUR money! study somemore! Using the Mtpredictor s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY amp; USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we ll straight away post the signals here in real-time if there s any triggered) 1 hour, 4 hours amp; daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency amp; timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..