the idea is easy.......making money consistently is very hard.A trader just trades a currency pair at a price and then closes the trade once a higher price is on offer that would make the trade profitable for the trader. This whole process is not as simple as it sounds but it is not even very complex if you are committed to learning.
Yes. Its money that makes trading hard. If the reward (and risk) were anything except money we would all be winning traders.Any idiot can trade. ..but about 95% of those idiots choose to ignore risk and trade management to the extent that it's impossible to make money consistently. As old Warren and countless others have said, Rule N°1 is: Don't lose money...everything else is a distant second.
not at all sure about that ....but, on the subject of the money: another beginner's fault is a misunderstanding of the Risk/Reward ratio. The use of the word "risk" frequently leads the uninitiated to equate this to a measure of probability, which is an efficient way of getting rid of money.Yes. Its money that makes trading hard. If the reward (and risk) were anything except money we would all be winning traders.