I believe that I am not the only one who has lost money trading forex and that is very clear to me, but for this reason I am not going to give up or even leave everything behind. I believe that short term investments have more risk than long term investments, for example, let's talk about investments in ETF.
The index funds have been par excellence the investments of the greatest tycoons and business experts, if you do not know what index funds are, basically, they are a set of shares, that is, when you buy a share in an index fund you are buying a set of shares and the operation of this is something great, but nevertheless, there have been financial crises and these investments have also been affected generating significant losses of money.
Why do more than 90% of retailers lose money?
I think most traders lose money because they don't know what they are doing and from my point of view it is impossible to predict the market price, I don't want you to take it personally, I just see it as impossible for the simple reason that no one can know what will really happen with an asset.
Now, it is possible to calculate what the movement will be in 24 hours and that is really possible with financial news, i.e. let's assume that Amazon is going to donate $1 billion to a non-profit organization for people in need and we know exactly when the deposit will be made to the non-profit organization. If Amazon makes the deposit 2 months and 15 days after announcing the donation then the stock price will most likely drop a bit at that time.
One of the reasons for losing money in trading is the bad state of mental health in psychological terms, what do I mean by this? Simply that we must always keep ourselves in good health and study hard to know what we face, with this I simply mean that we should not do things randomly, I recently lost money trading randomly, without indicators, without trading signals and none of those things that offers forex trading and everything related to that world that really is great.
Conclusion
I want to mention that we simply have to be very aware of what we are doing, it is important to have everything under control and have everything ready to start trading with this type of investments, even so I want to emphasize that this type of short-term investments I do not handle very well and I can not give advice on this, I just want to tell my personal experience and especially talk a little about why I do not like investing in term and what is the psychological relationship of trading with the trader.
See you next time, it has been a pleasure to write for all of you.
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