8:51pm local New York 3:51pm local. Let forex trading be the best event in your life, not a nightmare that you dont dare to remember. It is like driving. It is a big mistake to open a big live account.
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Forex is not a get-rich-quick scheme. Forex trading can be risky if you dont know how to limit and control your risk. Also make sure to read these articles very carefully to open your eyes on some very important facts: The Easiest Way to Get Rich Fast. To make money through Forex trading, you have to learn and master it and this needs spending some time and energy. This prevents you from thinking and deciding properly. You know that it is just a small loss that can be easily recovered by the next winning trade. We have also introduced a different approach in using the candlesticks and Bollinger Bands to trade. The way that some people drive, is risky.
Review and revise your mindset now, and read the rest of this article when you done. It is not clear when you will become a consistently profitable trader. Then withdraw the initial capital and leave the profit in your account, and keep on trading with your profit the way you have been trading with your initial capital. Although it looks easy to make money through forex or currency trading when you look at the price charts, it is difficult in reality and most traders cannot become consistently profitable even after several years of learning and practicing. You enter only when you are 100 confident about the strength and accuracy of the trade setup, and you easily skip the questionable and doubtful trade setups that dont look perfect.