Page 120 - Ultimate Guide to Currency Trading

Putting in the time to train in currency trading will go a long way toward getting you to the
point that you can recognize when a good trade is about to happen. The more you know about the
world's economies, the world's political climate, and the world's currencies, the more you will be able
to buy into and out of trades during the hours that you are actually trading currency pairs. This
knowledge will go a long way toward keeping you confident. This confidence will then keep you less
stressed and then you will enjoy FX trading even more.

Once you are in the groove of reading, studying, and listening to the news, brokers' reports,
and central bank websites, then it is really easy to sit down to a night of FX trading that is stress-free.
You would be surprised how fast you can build up knowledge of currencies and economies. This
knowledge will help you place well-thought out trades, trades that earn you profit.

Whether you are planning to trade a little or a lot, you still need to put in the time to learn the
markets and stay up on the news. Aggressive trading with a large sum of money can be stressful. You
can combat this stress by being well-informed and well-schooled in your chosen subject of currency
trading. It pays to put in the time.

Less Expectancy of Overall Profit

When you are aggressively trading your account and you have it set up for high risk/high return, you
will naturally be entering into a greater number of trades per trading session. Additionally, you will be
trying to capture a greater percentage movement in each trade. You will also be taking advantage of
many more trading opportunities than you would if you set your FX trading system to be more
conservative in style.

These elements will combine to have an effect of actually increasing the chance that you will
have a greater number of trades that do not work out. It is a bit counterintuitive, but since you are
trading more with an aggressive risk/reward account, you have to have an acceptance of a greater
number of trades that just aren't profitable. Most likely the percentage amount of trades that are
profitable will be the same as a regular low-risk account, but the sheer number of trades will mean a
higher number that is not profitable.

How often should I have winning trades?

Making money in currency trading is a matter of numbers. If you consistently win one
trade a day more than you lose, then your currency trading is profitable. Some

QUESTION
professional currency traders are happily profitable by winning only 1 percent of their
overall daily positions!