You read time and time again that 95% of private Forex traders lose money through their currency trading. This aspect is rather gleefully exploited by the brokers, and in particular by those who are selling the hundreds of different trading strategies, many of whom receive a kickback from the brokers. Usually the poor private trader (literally by now !) achieves the odd winning trade from time to time to be kept on the Forex hook.
Eventually the trader accepts that a lot on money has been lost to losing trades, notwithstanding the additional losses of staggering from the purchase of one trading strategy to another, continually searching for the Holy Grail of currency trading.
This optimism of landing on winning trades is not shared by Murphy's Law - which states that as soon as you open up a trade the market price will disappear in the opposite direction required for your trade.
Eventually traders will be severely out of pocket, very frustrated, and deciding that currency trading is not for them, and best left to the professionals after all.
This state of mind is a great shame - because it is not necessary.
There is a type of trading called Hedge Trading. Not the usual type of Hedge trade where the wheels just go around and the trade goes nowhere! This is a very special type of Hedge trade I have come across. Using a good trading platform, with as little as US$250 capital, it is a "set & forget" stress free trade - no requirement to constantly monitor the computer screen. You could not care less which way the market price moves, up or down, provided it does move (which knocks Murphy`s Law right on the head). Indeed, strange as it may seem, you will actually enjoy seeing initially a losing trade !
It is not a get-rich-quick trade. A usual trade will take on average 2 - 5 days to go into profit, and produces regular profits, depending upon the state of the market. You will need patience, sometimes a lot of patience, before the trade goes into profit. If you try to be too greedy as to profits, you could come unstuck should there be a dramatic turndown in the currencies you are trading. But by trading conservatively I cannot see how any trader can hit a losing trade. Certainly I could give no guarantee in this respect - but sufficient to say I have never had a losing trade.
