SUCCESSFUL FOREX

In the dynamic world of forex trading, the quest for the most reliable strategy is a constant pursuit among traders seeking a competitive edge. Distinguished traders stand out through a unique approach - the top-down methodology. This strategic perspective involves delving into the broader market picture and identifying prevailing trends, primarily focusing on higher time frames in technical analysis.

Embarking on the journey of day trading while navigating the responsibilities of a full-time job is a challenging yet achievable feat. The proliferation of sophisticated mobile applications by trading platforms has empowered individuals to execute trades seamlessly from diverse locations, providing an avenue for those with conventional 9-5 jobs to actively participate in the dynamic world of day trading.

When trying to achieve success in one activity or another, people often turn to history. History reveals how the greats of this world achieved their financial goals, what pitfalls they stepped on, and what happened in the end.

In recent years, the forex market is gradually beginning to face the retail trader, which allows the latter to feel much more comfortable in the face of the power of the world's financial structures. As a consequence, trading is becoming much easier for more and more people, and risks are decreasing.

How to become a full-time forex trader is a question tens of millions of traders ask themselves each day. Looking at retail trading statistics among online forex brokers show that an average of 75% of traders lose funds. In other words, only one out of every four succeed. The percentage of forex traders that attain sufficient yield for a living and earn a full-time forex trader income is far less than that. Some estimate that less than 2% achieve the most sacred accomplishment of trading.