Each trader has his own story in the Forex market. Someone achieves stunning success, someone suffers failures, however, everyone has supervision and secrets which make a profit, or acceptances which help to avoid severe losses. According to the statistics, only 5% of traders steadily gain a real income in the Forex market, about 20% trade without significant profit, and the remained majority - 75%, or ¾ all players, - lose their funds. The income of professionals can sometimes come nearer to five hundred and more percent of annual profit, but even these successful speculators can't be permanent “in plus”. After all, as some experts (and for this purpose there are certain bases) consider, the success on Forex is only a matter of luck. Therefore, for the trader it is so important to be ready for any surprises and to use them with the maximum benefit for the deposit.
Adopt experience of others and share yours
To handle a profitable trading, the participant needs to study carefully the situation in the market, analytical forecasts of experts, to foresee the possible influence of economic and political news on the behavior of certain financial tools, and also to apply the technical analysis. Taking into consideration all set of the available factors and opinions allows to create forecasts of further price movements and to increase the profitability of transactions.
Sooner or later each trader creates his own strategy based on gained trading experience. The trading strategy is the code of certain rules which observance optimizes the work on Forex and increases profit. An important role in trading strategy forming plays experience of other colleagues on a trade which all participants of the Forex market can freely share on GuruTrade. Discussion of trade approaches and experience exchange will add points to confidence and discipline in following your own trading principles. Impulsively made chaotic transactions have to be reduced or even completely nullified. Thus, it is absolutely unimportant, whether are you the professional trader or just taking the first steps in the exchange market - if you are ready to share the methods, recommendations, useful information or simply to tell the story about work on Forex, we wait for you in the section of our site “Blogs of GuruTrade users”.