90% of traders are losers!

#market#  #copytradingvsselftrading#  #Profitshow#  #FX#  #EU#  #market#  #community#  #followmeevent#  #australian#  #gold#  #Eurozone#  #Japan#  #FOMC#  #AUD/USD#  #CHINA-A50#  #GBP/USD#  #XAU/USD#  #XAU/USD#  #EUR/USD#  

90% of traders are losers! Why? Before starting to trade you certainly need to understand how this financial market works. Forex is a good school to learn but also to lose money quickly. Being a trader is not impossible, you need a lot of commitment, perseverance and study. I humbly want to give some advice to ch start trading.
1. Do not use expert advisor. In most cases they are winners for a month then they burn the accounts.
2. Use a demo account. Practicing is the best thing to do to protect your money.
3. Use few indicators to establish a trend. I personally use only the momentum and the 200 period moving average, 30-minute chart.
4. Follow the big investment banks. They are the ones that move the forex market.
5. COT report. This tool is useful to see where the institutions are positioned.
6. Futures and Option Forex. These are two parallel markets that move the underlying assets. Not easy to understand but indispensable for trading.
7. Choose only 3/4 market instruments. You cannot trade Forex on all instruments.
I personally trade only on EURUSD GBPUSD XAUUSD and AUDUSD.
Thanks, good trading.