Why Are Many Traders Not Profitable Consistently?
We often see events where people experience euphoria in victory so often forget management in their trading. Traders' main concern is shifted by itself after the market wavers transactions. Understanding the basic concepts of learning forex can indeed be a reference, but Berita Bitcoin cannot ascertain what will happen in the forex market after a trader opens a position. Learning material alone also does not guarantee that forex traders will profit consistently. So actually, why are many traders unable to profit consistently?
Don't Know How to Choose a Currency Pair
There are many factors why most traders have not been able to profit consistently. One of them is because they don't understand how to choose a currency pair . We look a little, currency pairs have their own characteristics.
Pair GBP / USD for example, it has strong properties in making trends. Even though signals and all kinds of forex combat gear are quite complete, traders will find it difficult to make decisions against movement.
Another with the pair EUR / USD which has the nature slowly but surely, where movement in making the trend continues to produce more power than forecast indicator signal, but can be anticipated to prepare the transaction to follow the direction of the trend.
Both EUR / USD and GBP / USD have characters that can be known in general, but under certain conditions will have differences. The announcement of related officials, for example, or the decision of the central bank, can change the cycle of currency movements into a map of the direction of new prices that are difficult to track, especially in the movement of EUR / USD and GBP / USD pairs.
Conclusion
Without realizing it, we are at the end of writing and we hope that all traders can profit consistently without feeling disturbed by the selection of the wrong pair . Finally, there is no ivory that is not cracked, I always say to the trader to keep trying even though it ends up falling up. We will both be at the point of success in the next five years.