The statistics is sad, but true: 9 of 10 foreign currency trade newcomers leave the market with nothing. This problem is still awaiting for psychological investigation. Yet, it’s rather brand new branch of business and it’s something hard to understand forex trading information for scholars. Probably it takes much more years to bite the dust from this topic for investigation. Yet, it’s very curious for many people to understand how it happens this sad way.

First, let’s have a look at an average foreign exchange traders newcomers’ profile. It’s usually a young person aged from 20 to 25 and looking for easy money. The forex trade for such person normally starts with 200 – 300$ and arm of 1:100 or even 1:200 and deals of 0,1 – 0,3 lot. Any trader who has at least some humble trading experience can easily see that a person who starts like this and has 3-4 failure operations will be left with nothing more to invest.

Margin trading is a great way of trading, yet, it is only worse if you start hoping for luck only. The dealing centers advertisements sounding like “start forex trading with 10 USD” should be considered internet fraud as they have nothing to do with actual forex trading business.

Another feature of the loosing foreign currency trader is absence of any trading background and no desire to receive it. It’s important not only to have a forex trading strategy, but to upgrade it day by day, making it flexible for facing new market realities and trends. While keeping the main line of the strategy under any circumstances. In order to achieve all of these goals it’s useful to have a diary with records of all deals, indicators and results. Such a diary is useful for the discipline and making corrections to your trading strategy. It keeps you from unnecessary risk, not-understandable deals.