Preface
Forex trading has been popular for the last 20 years and its popularity is only growing. This market attracts new traders mostly because of huge potential profits and the ability to start with a relatively small amount of initial capital. However, at the same time, it is known to be one of the most dangerous markets, as according to the statistics of most regulators, more than 75% of forex traders completely lose their money.
This happens for a number of reasons. Some newcomers to forex tend to treat it the same as stock trading and try to invest in a market that doesn’t have an intrinsic upside potential. Others want to take advantage of high leverage, being inspired by multiple “get rich quick” books to hunt for legendary profits, ...
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