Is forex trade profitable: 10 Ways to Avoid Losing Money in Forex

Risk/reward signifies how much capital is being risked to attain a certain profit. If a trader loses 10 pips on losing trades but makes 15 on winning trades, they are making more on the winners than they’re losing on losers. That means that even if the trader only wins 50% of their trades, they will be profitable. Therefore, making more on winning trades is also a strategic component for which many forex day traders strive. If you’re considering this type of trading, familiarize yourself with the potential forex trading risks first. Also, you’ll need a solid trading plan and risk …