There are more and more people who are engaged in forex trading, and most of them wish to make huge profits. But the reality is cruel.To get more news about WikiFX, you can visit wikifx official website.
95% of people in this market lose money, and they may not make much money after working hard for many years. Therefore, for those who want to enter the market, if you do not have enough financial support, do not participate in this cruel game. The difficulty of trading forex is greater than that of trading futures and stocks. If you come with the mentality of getting rich overnight, the result will most likely be a liquidation.

If you are a retail investor, you should focus on the daily chart.
The ones renewed more frequently than the daily chart are called
clutter. If you want to make a profit, dont look at the chart less than
four hours. It is a waste of time and energy. Intraday orders are not
ordinary as retail investors can manage. The more you want, the less you
get. You have to know that the correct direction of effort is to return
to daily operations, otherwise you may lose forever. This is like
climbing a pyramid. The longer you play, the higher you stay on the
pyramid, and the smaller the competition is, and vice versa. Moreover,
short-term trading has to compete with artificial intelligence.
If you follow the four-hour chart, making two or three transactions a month is enough. The more you trade, the more you lose. Don't close the position when you see some profits, and you will suffer from floating losses. Wrong judgment is wrong as it is. So stop loss in time and wait patiently for the next opportunity. The more you trade, the easier you are to become addicted to trading. The easiest way is to uninstall the MT4 and MT5 software from the phone, and only operate it on the computer.
WikiFX is a global Forex inquiry platform and provides real-updated rankings of
Forex brokers. So if you are seeking for a broker to start your Forex trading journey, please search the detailed information about the broker on the WikiFX.
When we talk about the Forex trading people always wonder if every lots made means the exact number of worth held in our hand. My answer is absobloodylutly No.To get more news about WikiFX, you can visit wikifx official website.
We conduct trade with brokers instead of making currencies exchange directly with the counterparties in the market. Brokers work as a linkage between the market and us through the contract for differences(CFD). For brokers, they earn the basic trade fee agreed beforehand, which is referred to as the cost of trading.

The contract for differences (CFD) offers Forex investors an
opportunity to profit from price movement without owning the underlying
asset. It's quite straight that people earn the profit generated from
the differences between the enter position and the exit position. The
contract is similar to the betting between you and your friends at the
football match. You don't have to own the football team before the bet.
And brokers provide services including finding the counterparties with
opposite expectations, computing profit or loss and making the delivery.
Normally investors always initiate withdrawals for securing their
profit. The investors have the right to withdrawal at any time and in
any amount they like. However, the brokers only make the settlement only
in a fixed time term base on the outcome of the CFDs.
1, CFDs provide higher leverage than traditional trading. It enlarges your buying power to meet higher capital requirement.
2, Many CFD brokers offer products in all the world's major markets, allowing around-the-clock access. Investors can trade CFDs on a wide range of over 4,000 worldwide markets.
Some disadvantages
1, CFD trading is fast-moving and requires close monitoring. Your margins you need to maintain; if your capital available cannot cover the loss in values, your broker closes your position in anyways without your permission.
2, the CFD industry is not highly regulated and monitored by the government. There are excellent CFD brokers, but some brokers are not trustworthy due to the background.
If you want to know the information of the brokers you are interested in please follow WikiFx up and download the APP.