Q&A: i am finding forex is very confusing as opposed to stocks when it comes to charts and setups?
Question by christian: i am finding forex is very confusing as opposed to stocks when it comes to charts and setups?
i just cant seem to find a consistent and repeatable trading strategy as opposed to stocks..i know you can make large sums of money in forex as i see from competitions and people make 700-1000% per month…but i cannot grasp or find a way to consistently trade forex….do you have any workable ideas to help me on the right track…i really want to figure it out..thanks
Answer by Common Sense
If you really believe that people typically make 700%-1000% a month you need an introduction to reality. If you find someone that says you can easily make 50% per month through FX…. they’re lying to you.
Perhaps you should start reading one of the many legit books on trading. Right now you’re on the planet Venus. Thinking these rates of return are possible… will quickly wipe out your account.
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