In today forex faq, we have a question from one of our subscribers asking the below question
Can you suggest me which indicator will help me to take 10 pip every day. until now i always lose.
This is one question that I frequently get from the readers of this blog. I bet most of you wanted to know if forex profit indicator does exist as it will be great to be able to make 10 pips everyday with the help of it.
I have to disappoint you again by telling you that it does not exist. Trading forex is not a matter of an indicator, it has to come with a plan. A trading plan consist of some indicators, support and resistance, when to enter and when to exit a trade.
With such planning, you will then be able to make consistent income every month from trading. However you will still not be able to make 10 pips everyday with such a great plan as there is no way you can win 100% of the time.
If you are still unable to get over the idea that you will never be able to win 100% of the time, you have to give up on trading now as you will definitely be losing alot of money in the end.
I am not like those people out there who are telling you how easy it is to trade forex and how easy you can make several thousands per month from their system. These are marketers who are out to make money from you.
As a real trader myself, I must tell you the truth about trading and that is the main reason why I setup this website. Don’t be con by those advertisement or products that claim to make you money for sure.
Trading forex requires hard work from you by taking up real good courses by real traders. You will learn their system and then practice it for months until you are able to execute it properly.
I understand that most of you wanted to use forex to make extra income for yourself and even wanted to quit your day job. But by looking for shortcut, you are actually disappointing yourself as you will never see any result from your trading and eventually give up this great money making opportunity.
So my personal advice to all of you here in this community to persevere and be serious about trading. You must spend time to learn, practice and practice until you are able to make consistent profit in your trading.
Do note that losing is simply part of the game and you have to accept it in order to move on. I hope that I have provided you with a great insight about trading so far and I will continue to do so.