My current standing in InterbankFX monthly contest (above)
Many people claiming that is very easy to make money in FOREX.
Is it really so easy to make money in FOREX?
the answer is YES, as easy as to lose too.
FOREX as any other business, only has 1 guarantee, risk of losing. Enter the world of FOREX only when you are prepared to lose (that is why most people stressed on STOP LOSS). Do not ever trade LIVE until you pass this first requirement.
Basically there are 3 major Trading strategies - Trend follower, Martingale and Hedging. Each strategy has it own advantages. Understanding the requirement of each strategies is important before choosing the ones that suit you most.
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