One of the biggest problems that people have in switching from stock trading to FOREX is that they are afraid to lose money. In stocks this attitude works (somewhat) but in currency trading it will wipe you out really quick. This is because even the best traders will lose money majority of the time.

For example, last year I had about 15 trades, of them 3 were profitable. In total I must have profited about 3,000 pips with 2,800 pips on one trade. Of course, I had losses, most of my trades were stopped out but the profitable ones were so profitable that they overcame the minor losses of the not so profitable ones. Don't fear losing money in FOREX, it is just part of the game.

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