Don’t waste your time – keep track of how NFP affects the US dollar!
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Why become of Forex trader? There are many reasons to try out Forex trading. Some of them are listed below.
How much money can you really make trading Forex? There are a lot of websites that claim to double or triple their money every month. However, in practice, professional traders return 20-80% a month. Remember that currency trading is like any investment vehicle: having realistic expectations for what you can make will set you up to get positive results more than thinking that you can get rich quickly with only a $50 investment.
Please do remember that Forex trading is very risky. Forex should be traded with only risk capital. In other words, trade with money you can afford to lose.
At the same time, there is no need to be afraid of the risk. As the trader, you have to take a reasonable risk, which is exceeded by potential reward, and make efforts to decrease the risk. You will find the information on risk management further. Watch What is Forex risk management?
