The Truth About Forex Education

#1
When these beginner FX traders enter the online currency Fibo Quantum Scalper market, the first trade will normally make money because they take a longer time to analyze it carefully from all aspects before they confirmed the trade. When the first trade has profited, the trader usually becomes happy and excited. Due to the excitement, the currency trader will try to enter the FX market again and try to make money again!

However, the second and third trades may not be as carefully analyzed or studied before execution of the trade. For example, we use a trading strategy in an uptrend, with the USD/JPY currency pair. After confirming the market is trending (exceed the range box), the forex trader enters the market and takes 30 pips profits.

By the time the trade is closed, the USD/JPY market may have trended 60 pips. If the second trade or third trade is made similarly, the currency market may have come to the end of the uptrend. Before it has a chance to hit the target profit, the market has turned and hit the stop loss in the rebound. Most of the time, FX traders know that the first trade is almost always the most profitable.

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