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For traders in foreign exchange, or forex, markets, the primary goal is simply to make successful trades and see the forex account grow. In a market where profits and losses can be realized in the ...
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So whether or not Forex trading is profitable isn’t the right question to ask because it depends on the person trading Forex. There are already people and companies making lots of money trading Forex. For example, hedge funds and prop firms hire traders to speculate in the Forex market.
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Step 1: Start by setting an amount you want to make per year from trading.; Step 2: Set a reasonable expectation of return.For a very good trader would be 15-25% per year – remember if you’re new to trading this is unlikely to be you just yet. Step 3: Desired income / return % = capital required.So if your desired return is £5,000 per year and your expectation of return is 20% you need ...
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Is Forex Trading Really Profitable And Can You Do It?
So whether or not Forex trading is profitable isn’t the right question to ask because it depends on the person trading Forex. There are already people and companies making lots of money trading Forex. For example, hedge funds and prop firms hire traders to speculate in the Forex market.
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Forex Factory is where professional traders connect to the forex markets, and to each other.
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A profitable Forex strategy is a kind of instruction for a trader, helping to follow a well-defined algorithm and protect his deposit from the emotional mistakes and consequences of the unpredictability of the Forex market. If you adhere to your forex trading strategy, you always know the answer to the question – what to do in certain ...
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