In recent years, Forex real-time trading has become increasingly popular. With the worldwide economic recession continuing to make residential and commercial property investment progressively more difficult, Forex is still booming and attracting new investors. As stock and mutual fund investors are pulling out of the markets, they are sitting on mountains of cash, itching to invest in something. Eighty percent of stock and mutual fund investors tend to buy and hold, hoping the markets will recover one day. Most of the investors are not sophisticated They will have enough to short sell when they think the market is going to drop. The market has changed a lot, and the outdated belief of buy and hold is becoming old-fashioned.
In the real estate or stock market, investors buy at a low price and sell at a higher price to make a profit. The time frame for these profits is counted in weeks, months, or years. However, in Forex trading, gains and losses can be achieved in a matter of seconds, minutes, or hours. It is an investment on steroids; too much of anything will create side effects and undesirable results. What happened to the realistic goal of 12% return per year and the rule of 72? Basically, if you are able to obtain a return of 12% per.
If you were to invest for six years straight, you would double your initial investment. These days, Forex traders are asking for returns of 12% or more per month. The mantra of 10 pips a day is also common. With the power of compounding, 10 pips a day is said to make Forex millionaires in one year. In my six years of experience, I have not met any Forex millionaires, but I have encountered many Forex gamblers, dreamers, and adrenaline junk
It will take time for any trading method or software to make profits; don’t think that you can become a millionaire in a few months by buying a trading course, an ultimate indicator, or Forex software that is said to be very profitable. There is so much hype surrounding the idea that trading is about making money quickly. Suddenly, we have Forex traders or investors who are really gamblers, dreamers, and adrenaline junkies chasing the market. The live Forex market is always busy. Every day, thousands of people engage in real Many people get involved in forex trading because of the industry marketing and Forex brokers. Some people don’t even know the basics of the market, leading to significant losses.