07 May 08:10 AM
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How many traders make profit at Forex market, and how many lose their deposits? What is the average “lifespan” of deposits, belonging to Forex traders? These and other questions make up Terra Incognita and closed “private information” of brokers for millions of traders worldwide. Fragmentary data, which enters media, social networks, and Forex forums is very different.
Wealthy is not the one who earns much, but who spends little. This true is well known by traders, working at Forex market. Therefore, among numerous suggestions, promoted by native brokers, high demand falls on those that suggest low spreads and commission fees. These, similarly minor, expenses on making deals actually “eat” a lion’s share of your earning. Particularly, if your strategy is based on the principles of intraday trade, which presupposes effecting a big number of transactions and getting small profit from each of them.