Is it possible to make money on Forex: a lot of money

Most likely, you are tired of self-promotion of many trade experts and want to know for sure whether to make money on Forex. In fact, this is not so simple.

The problem is that most of these marketers will not tell you how difficult the trade is. As a rule, work on Forex is presented as a way to make money quickly and easily. However, the harsh reality is that this earnings are not easy.

For example, no one will believe an announcement promising to teach you to a lawyer within a month and provide an opportunity to receive the same big battleships. A similar situation with currency trading. No training product will make you an experienced trader for several weeks. No Forex robot will bring you a consistent profit while you sleep.

The second aspect, which gives an answer to the question of whether to earn money on Forex, is to use the trading system. As you know, most beginners in this market spend a lot of time looking for the perfect option. However, this simply does not exist!

Most trading systems, which can be found in various sources, are created by inexperienced traders. These methods can work well for several weeks or even months, but they are useless in the long run.

This is especially true for indicators. Indicators are sensitive to changes in market conditions. Some systems based on indicators give surprising signals in the trend markets, but not in large limits. The problem is that most such indicators can not adapt to changing market conditions. Therefore, the system that is running this week may not work on the next. Therefore, when talking about whether it is realistic to earn on Forex with the help of such indicators, it is worth noting that they should be tested for years.

Also, many traders do not realize that demo accounts will not prepare for real trading. You can give an example. Imagine a tattooed biker approaching you. He takes out his gun, sends it to you and demands your purse. What would you do? Most likely, you will give it back pretty quickly. Now imagine that a skinny eight-year-old child will approach you. He takes out a water pistol, sends it to you and asks for money. What would you do? You will probably start laughing.

This may seem absurd, but there is a correlation. When you trade on a demo account, you do not use real money. Thus, fear and a sense of risk with real means can not affect your productivity. Demo accounts work like a small child from the example above - this is game money, you can joke and move on.

Psychological factors may seem insignificant, but they play a significant role. Most novice traders start to trade very well on demo accounts, but they immediately face a terrible failure on real ones. This circumstance is also important to take into account when answering the question about whether to earn real money on Forex.

Demo accounts are great for yourself to familiarize yourself with the trading platform and learn the basic aspects of trading, but no more. They are also good for basic testing of the new system.

In addition, the reality is that you need to spend a lot of time to become an experienced trader. If you want to learn how to earn money in the Forex market, but spend it only a few hours a week, you will not be able to achieve success. According to scientists, it is necessary to spend 10 000 hours on real practice to master something significant.

The last aspect, giving an answer to the question of whether it is possible to earn money on Forex, is the ability to adapt. The foreign exchange market is constantly changing. You must be able to adapt to it. Or you can never trade successfully.