Wondering how much successful forex traders make every time they enter any trade? No matter what the market situation is, no matter how rates fall or rise, they always manage to make a profit. The secret of their success lies in the way they think and enter any store. If you understand how and when they make purchasing and selling decisions, you will easily copy them, and you too can make money in any forex trade.
Before we look at the secret strategy of successful traders, let’s first look at why most beginners, inexperienced traders, fail miserably in the forex market. If you notice around, you’ll see that most retailers are thinking about the term “buy low and sell high”. Although this may be true, but it will depend entirely on guessing and predicting the future.
No one can predict the future 100% accurately, let’s face it. And so it is futile to try to predict how the market will move in the future. Buying at a support point and selling at resistance levels can make a mistake at least 8 times out of 10. The reason is several factors that play a role in market movements. It is simply not possible for any expert to predict future market trends.
That’s why experienced smart traders don’t bother to predict the future. They prefer to work hard and follow the trend. Their strategy will be “Buy High and Sell More,” and it succeeds every time. You don’t need to care why the market is growing or why the market is going down. Simply grab a point as the rates move up and enter the store and exit it the moment you see that you are making a minimal profit.