When you first start forex trading things seem to be so simple and straight-forward, i.e. all you’ve got to do is to buy a currency pair and then sell it once the price increases. However, a few weeks down the lane and probably after losing 75% of your account you have come to realize that forex trading is not easy there are a number of variables, which are against you, i.e. commission, leverage, spreads and your emotion.

1. Why Is Forex Trading So Difficult?
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2. Intro
When you first start forex trading things seem to
be so simple and straight-forward, i.e. all you’ve
got to do is to buy a currency pair and then sell
it once the price increases. However, a few
weeks down the lane and probably after losing
75% of your account you have come to realize
that forex trading is not easy there are a number
of variables, which are against you, i.e.
commission, leverage, spreads and your
emotion.

3. Intro
Now that you have come to realize that forex
trading is difficult you feel as if you are fighting an
uphill battle because in your mind, you’re thinking
that there is no way that you can beat all these
odds. The truth is that even the most successful
traders today have started out at some point as
fresh traders with the only difference, being that
they dedicated themselves to studying the market
and winning the game. It is possible to make a
profit when trading in the forex market provided
that you understand everything that there is in
order to be a successful trader.

4. Take a trading course
If you are fresh, and have never traded before the first
step for you should be to take a course. A forex trading
course will give you a rundown of exactly what you need
to do in order to trade successfully. You will learn about
strategies, methodologies and research tactics in order to
predict market trends. However, you shouldn’t expect to
learn all of these overnight, plus you need to understand
that being successful in the forex market will also require
that you join a mentoring program. A mentoring program
is similar to having a teacher who holds your hands and
walks you through forex trading but this type of program
can be expensive, and it can take months prior to you
actually being able to fully understand how it works.

5. Trading Bots
• If you want a shortcut, then there are numerous
trading bots to choose from. However, there are risks
with using trading bots, and it would pay if you knew
your way around manual trading prior to using these
bots. Since there are numerous types of trading bots to
chose from the best way to find one that works is to
check websites like www.forexblacklist.com
• Forex trading can be difficult for many people, which is
why 80% of new traders quit. However, people who
dedicate the time and effort required to understand
the market are rewarded with big profits, which
eventually make them rich.