How to make money in Forex in the long term?
How to make money in Forex
We would like to dedicate an entire article to talk about how to make money in Forex. The first important thing is that for Zulu4me, to make money in Forex means to do it in a sustained way while making withdrawals of money.
Why do we differentiate between short-term gain and long-term Forex gain?
Winning in the short term does not make any sense if it is not something sustained that allows us to withdraw money for our personal uses. When you start in Forex and especially in Zulutrade, everyone looks for traders with constant benefits. The problem is that it is not about observing the results offered by a trader. It is about understanding the strategy you use, see if it is a useful strategy and also verify that the risks you assume are easily acceptable.
A novice trader traverses Zulutrade looking for charts like this:
When he finds it, the emotion invades his body and he believes he has found the holy grail of trading. He does some quick accounts and thinks that in a few weeks he will go from the current 30,000 pips to 40,000 or even more!
The problem is that when making a decision based solely on results we do not realize how this trader operates. Yes, it is true that until now the strategy has gone smoothly, but we care about how this strategy will go in the future.
The truth is that finally, the strategy ended badly as you can see in the following chart:
The problem is not only of investors who do not see what is happening, but also Zulutrade Rank makes a mistake by marking it as Top 1 based only on the results. In Zulu4me we analyze each operation of each of the traders through an algorithm that determines if the strategy is safe. Therefore, we are able to know if it has options to continue giving benefits in the future or if it will happen the same as with the previous trader (Increasing deposit trader, the image above).
To make money in the stock market it is important to have strategies that do not have unexpected losses. One of these huge losses ruins our account and takes us out of the game immediately. Everything gained so far vanishes. (make money in Forex)
If you want to see our selection of Zulutrade traders you can check our free Ranking.
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