How much profit potential exists in forex trading?
Many individual traders want quick returns on the foreign exchange market. However, according to statistics, most ambitious forex traders fail, and some lose substantial sums of money.
Despite 70% to 90% of retail traders failing, forex can be successful, but timelines must be considered. It is often simpler to remain successful over numerous years if you have a substantial quantity of capital to leverage and a risk management strategy.
According to forex-trading.co.za, the money you can make will depend on your unique trading strategy, the market conditions, what you trade, your risk management, and other factors.
What can influence your profits?
Trading Strategies
While a strategy can have several components and may be examined for profitability in various ways, it is often graded...