TopicWhy Do Many Forex Traders Lose Money?
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The truth is that most Forex systems or robots make money with the trend, but loose money in a choppy market. For example, imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. By following the trend you would dramatically increase the odds of winning. If you increase the odds of winning by only 20%, that would make 70% winning trades and 30% losing trades. This can make the difference between losing (or breaking-even) and winning. In other words, by following the best trend it can only be better. Avoid struggling with the erratic market chaos when the trend direction is unclear. Take only confident trades in the best markets at the current time. You would be the one knowing which one particular pair is trending while other traders wouldn’t notice it without this tool. Knowledge is power!