Learn Forex Trading

5 Keys to Survival in Day Trading Forex

Day trading has always been one of the most well-known yet widely misunderstood forms of speculation, not only in the forex (foreign exchange) market but also in stocks and futures.

Skill and experience is especially important to forex day traders since the market movers (the “smart money”) are notorious for manipulating short-term price action to deliberately slaughter the fresh prey.

Unfortunately, beginners to online forex trading seem to have a tendency to believe that day trading is somehow easier, safer, and more appropriate for those with very little experience — and a a very little account balance to match. It isn’t.

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Overcoming the Psychological Barrier of Trading Small Accounts

There is an inherent wall of challenges to trading with a small starting account balance. Of course, to some people, a small account is a $100 starting balance. To others, a $10,000 account is relatively small. Even $100,000 isn’t considered large compared to the hundred-million-dollar funds under management by a typical high performing trader.

But it’s not the balance that matters — it’s how much of it you risk in order to make your profits in terms of percentages, and most retail forex traders are just strolling down the train tracks of self destructive over-leveraging.

Thankfully, there are ways to overcome this problem.
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The Truth About Forex Scams and Trading

If you’re reading this article, odds are you discovered the forex market in one of two ways:
1. as a financial instrument for investment and speculation — an alternative to trading in stock (company shares) and futures contracts,
or,
2. as a get-rich-quick scheme that you discovered from an infomercial, or colorful sales web page, that promotes massive gains using small initial deposits.

Unfortunately, the latter case (#2) is becoming more and more common in the recent decade. You’re also more likely to have been exposed to a lot of misinformation from ruthless marketers so it’s time to unlearn the garbage and learn the truth about one of the world’s largest financial markets.

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U.S. Government Required Disclaimer - Commodity Futures Trading Commission - Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the foreign exchange markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell forex contracts, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All information on this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, either expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold FinWav Forex Trading, its affiliates, and the owner / founder / writer of this information harmless in any and all ways. Additionally, the staff of Forex Price Action .com does not endorse the products and services that are advertised on the web site, and cannot be held responsible for content of any third party advertisements that may be displayed within the web site. The use of this website and/or its contents constitutes acceptance of our disclaimer.