One of the axioms that define human behavior is summarized in a popular phrase: "who does not get wet does not cross the river", pointing out that if you want to achieve important goals you must take certain risks unavoidable. And supposedly in Forex happens something similar because, although we do not want it, the foreign exchange market is one of the most risky (and at the same time one of the most profitable)
The fun of the matter is that, in relation to the first sentence, there are many more alternatives to cross the river without getting wet than options that require us to take risks. And yes, in daily life "Plan B" is often better than the original and, even if it seems cowardly, taking unnecessary dangers is usually not very sensible.
Required risks, mandatory losses
If anything we must be sharp, it is to point out that losses are mandatory in Forex . No matter how skilled the investor may be, there will always come a time when their operations are a total failure and end up losing some money. Not that with this we are reticent about the issue or call the community not to invest in the foreign exchange market, but only, it is necessary to report honestly.
However, the chances of generating profits will always be just around the corner. Following certain behavioral patterns, the objects should be fully manoeuvrable and, after times of storms and bad spells, the light appears at the end of the road. For more than a path to financial expertise, Forex provides us with valuable tools that will allow us to know each other better as people and, with it, to build personal resources that will pave the way both in the world of online investments and in life outside the computer .
A forced landing
Of the total number of investors in the currency market, about 80% (others say about 90%) end up succumbing to the onslaughts they present and, after a while, the screen that says " Game Over ". For them, the game is over and it will be the other 20% remaining to rub their hands with the money that most lost.
Well, unlike other types of markets, when in Forex someone loses, another wins. So clear. And why could that other one win while most traders only made losses? And we return to the starting point: self-knowledge. Therein lies the key piece that distinguishes the great achievers of the financial world from the inexperienced, those who never set themselves real goals and ended up falling into the deep pit of a dream without foundation.
And even more self-knowledge
How far can I risk it? How many hours a day will I dedicate? Which currency pairs will I specialize in? What emotions generate undesirable behaviors? Based on what percentage of my investments will I start to operate? These are just a few questions that should always be asked when starting Forex . Although they seem strange and perhaps unorthodox to businessmen, they will mark the difference between failure and success.
If 80% takes the path of failure, then it is easy to travel there. Will you take the easy way?
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