Forex day trading - Do it and you lose your money fast

Day trading is a game cups - make the foreign exchange market forex trader who trades per day instead of following trends in the long run, making a big mistake - risk / reward is terrible in comparisonThe Internet is full of dealers and manufacturers for the operators to promote day trading - and offer to "infallible" day trading systems - this is no surprise, since most have an interest - they are more commissions!

Do not be sucked into the hype about day trading the currencyThey do a lot of money from big trends - are the most important trends to achieve big gainsA few days forex trading myths, and here are the most commonFirst You can use the losses smallOf course you can - but you will not have enough winning trades to compensate for losses, and you end up losing in the long run - not only the movement is long enough to cover the inevitable lossesSecond Spread and impact feesCommissions and slippage add FOREX trading day, and the impact on your profits and losses even furtherSuppose you earn 50% of your trades and other loose, (a respectable success) - which means that the benefits will be the day for at least 2 or 3 times larger than the losses have to put too strong - and it is extremely hard to get 
In the system, long-term trend following can earn money based on a success rate of less than 50 to 50, that the profits will be (if the system is a solid basis) of the much higher lossesThird Forex trading systems day and can not get the odds in your favor Not! - The fact that people think they can predict market trends in a small space of time, demonstrating a lack of knowledgeEach piece is based on the following pricesSupply and demand + human psychology = market priceThe supply and demand, and the psychology of human equation needs to be measured in the long term - and can not be accurately predicted in a short time than a dayWhy? It is simply not enough information to your trading to start on short time intervalsCurrency markets are all considered to be likely and can be measured more accurately, look at the long run, because it gives a greater amount of reliable dataCurrency long-term trend, and the amount of data and reliability of the trends at this time do to earn long-term trend for the fashion, money, and has several advantagesFirst To charge a greater amount of reliable and capable of the best opportunitiesSecond Profitable trades, by their nature, will be far superior to that of the trading dayThird Commission and slippage is not much impact on your profitsForex day traders do not have much, as supporters of long-term trendsThe fact is that the odds are in favor of the trend follower in the long run, targeting high profits of the big moves - not day traders looking for profits (which, by their nature rather small) - that profits are pursued in a very limited time window , leading to losses in the course of time and high transaction costs