Why traders lose money in Forex?

Why traders lose money in Forex?

Why traders lose money in Forex?

Why traders lose money in Forex?

Let’s face it, everyone is looking for easy ways to make money.
Some people who have a lot of savings invest in companies or buy stocks of large companies.
And still other people might take a gamble on the Forex Market.

Forex is also super popular right now and many people have heard about Forex trading.
Since it gives the opportunity to earn money to everyone and at any time as there are round the clock sessions
But you can also lose your money very quickly.
Especially if you don’t know enough about it or are not well informed about it.

That is why I will now give you some simple tips so that you will not lose so much money on the Forex market.

Let’s start with the main rules:

  1. Learn something about forex trading before you even start!
  2. Find a good and reliable Broker.
  3. Start with small money. And don’t get yourself into debt.
  4. Keep a record!
  5. Learn to make a good and correct Analysis.

These are the first and most important tips!
I will now give you 1 extra tip where most novice traders fail in particular.

Why traders lose money in Forex?

Do you see the image above?
This where the majority lose money, it’s a monday New York has yet to open and the impatient ” the big part ” ‘is not rewarded.
Why? Because they are impatient and have preferably already taken 3 trades for New York open.

The large volume is in the London and New York overlap, these are the two largest sessions and have the most volume.
with the largest players active in the markets.

You want to trade a market that has enough volume to flow with, and where you can also be profitable.
That is why it is very important that you don’t jump into a trade when there is no volume.
We don’t want to end up in a market that is almost standing still, right?

Believe me less is more, a number of golden rules such as Supply & Demand are at fresh levels, that is our core focus. and so we anticipate on that too.
Within these levels you can find the orders and your winrate will be higher.
And again for these trades in Supply and Demand volume is needed!
So pay attention to this!
Even if you trade in a different way than Supply and Demand, the volume is still very important to open a successful trade.

I can therefore recommend everyone to be patient and let the trade come after you.

Why traders lose money in Forex?

And trade the hours with the most volume, see below a correct schedule with time zones & trading hours where you will find the most opportunities to catch a good trade with a good chance of success.

Why traders lose money in Forex?

 

Do you want to become Success Supply and Demand Trader or want to know more about Why traders lose money in Forex?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

Forex books for beginners.

Forex books for beginners.

Forex books for beginners.

Forex books for beginners.
There are a lot of free e-books out there, especially for the beginning Forex trader.
In these books you will learn the principles about forex trading.
These books are therefore not of interest to experienced forex traders.

Forex books for beginners

Forex Trading.
This book actually contains all important topics that you should understand and learn as a novice trader.
The book is written by: Richard Taylor.

Forex books for beginners

An Introduction to Japanese Candlestick Charting.
This book is very useful as a novice trader so if you want to learn everything about the japanese candlestick charting.
I definitely recommend reading this book.
By Erik Gebhard.

Trend Determination.
This is also a very useful ebook for the beginning Forex trader.
Learn all about trend determination. Written by John Hayden.

Forex books for beginners.

Above, I have shared four very useful books if you want to know a little more about trading Forex.
And this free information can be very useful for a good read about trading Forex.
Trading Forex is certainly not a get rich quick system.
It consists of a lot of reading and many hours behind the charts to achieve success in the Forex market.
So spend your time wisely before you start trading forex and read carefully all the information you can find.
On my site I also have a lot of blogs which can be interesting for a novice trader.
I also have an extensive Forex course where you learn to trade in Supply and Demand step by step.
Which is certainly suitable for the novice trader but also for the experienced trader.

(If you are the copyright owner of any of these e-books and do not want me to share them, please contact us and we will remove them.)

Do you want to become Success Supply and Demand Trader or want to know more about Forex trading books for beginners?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

How to trade forex?

How to trade forex?

How to trade forex for beginners.

Before we talk about how you can trade Forex, I will first tell you a bit more about what the Forex market is exactly.

What is Forex? / How to trade forex.

Forex is short for Foreign Exchange.
Think of that moment at the airport when you make an international trip to one of your favorite holiday spots.
You can’t pay with your American Dollars (USD) in Paris (France).

So what do you need to do? Exactly, change your American Dollars (USD) for the local currency the Euro € (EUR).
Right in that moment you are a part of the biggest trading market in the world; the Foreign Exchange.
Of course, you are just a tiny part of it, as the Forex market has a trading volume of 5.3 trillion a day.
And no, there is nothing wrong with your eyes! 5.3 trillion a day!

Just to give an example of the opportunities laying ahead of you, note that the Forex market is active 24 hours a day and five days a week.
Since at some point of the day in some part of the world the stock market will be open for trading.
It starts at Sunday night at 11pm and goes until Friday night 11 pm.

All traders: companies, investors, banks and the small trader like you and I will be trading during this time.
I can hear you thinking: Do I have to go outside of my house to a local exchange market or a bank?
No, not at all. And that is the beauty of this game.
The only thing you will need to make a trade is a working laptop, with a good Wi-Fi connection and an online platform where you can make your trades.
That online platform is called a “broker”.

The mostly traded currencies are the U.$. Dollar, The euro and the Japanese Yen.
A few other popular trading currencies are the British Pound, the Australian Dollar, the Swiss Franc, Canadian Dollar and the Swedish Krona.
You can trade them in every pair that you can think of.

The whole basis of the market is to buy and sell a certain pair, which means you are predicting the strength of one currency against another.
For example, the EUR/USD is the most popular pair. But you can also trade the GBP/SEK.
This is the British Pound dancing with the Swedish Krona, and the GBP/SEK price represents how many
Swedish Krona you can get in exchange for one British Pound.

Now that we understand this a little better I will now tell you how to start trading Forex yourself.

-First we choose a Forex pair. / How to trade forex.
When trading forex you are exchanging the value of one currency for another. In other words, you will always buy one currency while selling another at the same time.
That’s why we always trade currencies in a pair.
You can trade any pair you want. But if you are just starting to trade, many novice traders choose to trade with some more famous pairs such as EUR / USD.

-Make an analysis.
Of course you also need an analysis to be able to make a trade.
If you do not make a correct analysis then you just gamble and the chance that you will lose a trade is many times greater.
Unless of course you are always lucky!
I always make an analysis based on the Supply and Demand strategy.
You can find this in several blogs on my site.
You can also learn everything about Supply and Demand extensively in my course.

-Choose your position. / How to trade forex for beginners.
If you’ve traded stocks or other financial products, you know that you can usually only speculate on the one direction of the market and that is up.
With Forex this works slightly differently and we can go up but also down.
In other words you can buy and sell.

With a buy position you believe that the value of the base currency will rise compared to the quote currency.
If you’re buying USD/JPY, you believe the price of the DOLLAR will strengthen against the YEN.

With a sell position you believe that the value of the base currency will fall compared to the quote currency.
If you’re selling USD/JPY, you believe the price of the DOLLAR will weaken against the YEN.

Do you want to become Success Supply and Demand Trader or want to know more about how to trade forex for beginners?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

Forex Analyse / in Supply and Demand.

Forex Analyse / in Supply and Demand.

Forex Analyse / in Supply and Demand.

Forex Analyse / in Supply and Demand.

As many of you have known for a long time, I am a true Supply and Demand trader.
Yet I am still often asked how exactly you make an analysis in Supply and Demand.
Now I will give you an answer to this in this blog.
First let me make it clear that Supply and Demand is NOT the same as Support and Resistance and therefore a different way of trading.
I also often use Support and Resistance lines in my trading, but in a different way than a Support and Resistance trader would use them.
I think the biggest difference between Support and Resistance and Supply and Demand trading is that with Support and resistance you assume levels that have been hit / tested more often and at Supply and Demand we prefer fresh levels!

How do I make my Forex analysis in Supply and Demand.

Before we discuss anything else, we should define what supply and demand actually is.
In short: demand is how many buyers there are in a given market and how much they are willing to buy an instrument.
Supply is how many sellers there are in a market and how much they are willing to sell an instrument.

As I explained above, at Supply and Demand we are mainly looking for fresh levels and then we prefer a test / touch of the zone no more than 3 times.
After the third touch, the zone is actually no longer valid.
Or, in most cases, it will be very weak and unreliable.

Forex Analyse

Forex Analyse

We see a nice H4 Supply zone in the image above.
We see here that there was not much “traffic” (candles) when the zone was created.
That already makes it a nice zone for me.
We also see that the price had already tested the zone once and fell again.
Now we see that the price went even deeper into the zone for the second time and then came down again.

In addition to the zone that I draw, I also often draw a baseline.
The baseline shows me even better where exactly the most important point is and is also very important to determine when I enter a trade.
But how do I find the correct baseline? I’m going to explain that to you now.

Forex Analyse

As you can now see in the image above, I’m going to go to the line chart to find the correct baseline.
I’m starting from the first point in the zone here.
You can also see this in the image.
Now let’s go back to the Candle chart for a moment.

Forex analyse

Forex Analyse

This is what it would look like on the Candle Chart.

And so we could expect a nice sell after breaking the base.
So this is in short how I make a simple Supply and Demand Forex Analysis.
But we cannot always make a successful trade with this alone.
For this we look at many more things, such as the volume, and we also switch back to lower time frames for an entry.

In my course I explain step by step how you can find the best Supply and Demand Zones and also how we can use them in combination with liquidity and Support and Resistance.
I will also explain everything about volume, market manipulation and much more.
So that you too can make the best Supply and Demand Forex Analysis.

Do you want to become Success Supply and Demand Trader or want to know more about Forex analyse?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

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