Forex is a market in which traders get to exchange one country’s currency for another. For example,take an American who purchases Japanese yen might feel that Japanese yen is getting weaker when compared to the US dollar. If this is the right decision then profit will be made.
You can actually lose money by changing your stop loss orders frequently. You should stay with your plan and win!
While you do need to use advice from seasoned professionals, do not make choices simply because somebody else thought it was a good idea. You may think that some Forex traders are infallible. However, this is because many of them discuss only their profitable trades, failing to mention their losses. No matter how many successful trades someone has, they can still be wrong. Be sure to follow your plan and your signals, instead of other trader’s signals.
Once people start generating money …