Have you ever dreamed of making money with random trades in Forex? There I no analysis, no strategy and pure luck based on your random entry and exits. If you have ever thought this, you are not alone in this concept. Many people have a fantasy if they can make money with random trades. Most of the websites do not care about our dreams and they only provide information that is practical. This article will not disappoint you as we will tell you if it is possible to make a profit with random trades. By saying random, we are only focusing on the entry that is not planned but the exit may not be random. The money is made when you close the trades and it is based on your own decisions. The exits can be affected by your entries as they are the time when you place your trades. Check out this article to know if this dream can ever be possible to make it come true with any risks or strategies.
The title of the article might seem a little bit confusing but if you read it twice you will understand what we are referring. Making tons of money is very easy in Forex market provided that you have a stable trading strategy. Never think you will become a profitable trader without doing any hard work. Take all the time you need but develop your perfect skills. Unless you know the proper way to make money, never take any risk in this profession.
Focus on your discipline
The disciplined traders are always one step ahead when it comes to full-time trading profession. They never execute low-quality trades in their online trading account. You have to understand the proper way of trading or else you will lose tons of money. It won’t take much time to lose millions of dollar in this industry. So follow strict discipline in every trade and focus on high-risk reward trade setup. Be smart when it comes to the investment business.
It is possible to make money
Yes, it is not a dream and you can make actual money with your random trades. Though traders are concerned with the outcomes, it is possible when the luck is at your side. Place many trades as you want and you will find few trades have won money. Most of the time, the trends are unpredictable and with a little touch of luck in your favor, you can make a profit with your trades. Do not get excited as profit do not reckon you as a success. You still need to overcome the losses that you have made.
But not consistent profit
This is where the bomb gets exploded. You may be able to make some money but it will not contribute to growing your account. There is one fundamental difference between making a profit and making a consistent profit. Profit comes when you simply win a trade. It does not take into account the summary of your all trades and only defines your present capital accumulation as your profit. The consistent profit takes into consideration all of your past trades and makes a summary of your winnings and losses. This is when your small profit cannot cover the big losses and you have a negative amount in your account.
The entry may be right but the exit may be wrong
If you enter the market at the right time, knowing when to close your trades also effects on your profit. People become greedy and they lose in random trades. As they do not have a plan, a successful entry may result in losses. It is better if you make some analysis and prepare a strategy. This industry may reward for some time but it is not going happen every time with your trades. Profit may come but only consistent profit can make you a successful trader.