Trading the FX market, is far from being the simple method to make money, but in ForexSQ we would help you to reach your goal securely. Even beforehand going one step further, there's a huge difference among those who get into forex to invest, and those who are just making a bet their savings in an adrenaline game. But is possible, to make money out of speculating with moneys, if you are ready to work hard for your goals, and stick to a couple of rules.
1 st part, is the tough one: learn! How are you supposed to do something correct, if you don't know what you´re are doing? Why are you purchasing the EUR, or for the matter, selling it? Just because? Just because you are seeing some elegant colour charts display that it has been moving in a certain direction for some days, hours, and minutes? Really?
2 nd ly, have a plan! If you don't have a plan, you are in someone else's plans, and when that other is the Forex market, you should be actually worried. The marketplace has no brains, but lots of sentiments; the market can act just because. You can't, if you need to make money out of it. A plan means knowing why a currency is weak/strong; a plan is knowing where you could sell/buy, where you will take out your profits, and what is the fact that the market shows you wrong that's your stop loss.
Following, be coherent: you won't come to be millionaire out of a $500 account. The most probable consequence of such adventure will be that you will go broke in not more than a month. Trade accordingly to your capital, be measured, and don’t createunreachable goals. If you can make just 10 pips out of the market each day, you will see your capital gradually rising, which means you can raise your leverage, and before you know it, you will be creating good money out of the market, just with 10 pips.
