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How to Make Money by Trading in the Forex Market

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When you look at a statistic like only 5% of forex traders make money Fintech Mining  forex trading, I can't help but think that many new traders are completely depressed at what they think is an uphill battle.  They probably think it's nearly impossible to make a living trading the market. To that I would say, that's rubbish.

Don't let it get you down that a lot of traders are struggling.  There is are reason for that.  It has to do with the fact that so many traders don't really take the time to learn the ABCs of trading.  They have fallen into that "shortcut mentality".Price action is what made legendary floor traders like Jesse Livermore millionaires at the turn of the 20th century.The greatest benefit that price action provides is that it puts onus on the trader.  It forces them to be able to understand explain the underlying reasons why price moves the way that it does.

If you want to become one of the elites who make money, you are going to have to dig a little deeper than finding a forex trading robot to use. It requires the use of technical analysis, especially price action.  When you use price action, you are involved with trading with the trend, using price patterns, spotting support and resistance, and most importantly being able to predict future price movement.  Quite simply, you've got a deeper grasp of the forex market.




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