Can forex trading be profitable

Can forex trading be profitable -  be patientforex traders, particularly beginners, are prone to getting nervous if a trade does not go their way immediately, or if the trade goes into a little profit they get itchy to pull the plug and walk away with a small profit that could have been a significant profit with little downside risk using appropriate risk reduction strategies. In trading means ensuring that you develop your mindset to reflect the following four attributes:Once you know what to expect from your system, have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit. Addition, decide if you have the time and willingness to sit in front of a screen all day or if you would prefer to do your research quietly over the weekend and then make a trading decision for the coming week based on your analysis. According to a 2014 bloomberg report, several analyses of retail forex trading, including one by the national futures association (nfa), the industry's regulatory body, concluded that more than two out of three forex traders lose money.

Forex Trading : How Profitable Is It?

Trading Psychology Explained : Why Trade Forex? : How Profitable ...