One of the most important things one has to understand about the Forex market is hidden in the following idea (as I think). In order to earn money the trader doesn’t need to be cleverer than a market in general. You need to beat the other Forex traders. Not all of them! But you need to beat at least 50%. If you make right predictions and forecasts in more than half of you decisions you’ll get the money. I want to share my opinion why this happens.
When many people think that currency will grow they star buying it. As a result the demand at FOREX market increases and the currency price grows. As traders see this they start selling in order to get their money with profit. As many people sell supply increases and prices fall… so, the first half of traders earns money, but the others loose’em. It’s like: first come – first served :-).
One more time – don’t try to beat the Forex system. Your winning strategy is hidden in the opportunity to react faster than the others!
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