Is It Possible to Make a Profit From Trading Forex?
When people ask how much they can make from day trading, I quote Albert Einstein and say, "There is no limit." "COMPOUND INTEREST IS THE 8TH WONDER OF THE WORLD. THOSE WHO UNDERSTAND IT EARN IT, THOSE WHO DON'T PAY IT." This means that you will get rich if you know how compound interest works and how to earn it. If you don't understand it, you'll end up paying it like most people, thanks to big banks, mortgages, consumer credit, and compound interest. This is why it's important to have the discipline to manage your money well. Money management in trading means risking only 2%–3% of your principal per trade. For example, if you make five trades per week with a $10,000 account, you only have to risk 10%–12% of your entire account for that week. You would have to lose up to 50 trades to lose your entire account. The good news is that if you trade in a demo account before going live. There is a 100% chance that you will win at least 65% of all the trad