Can we be successful in the Forex market, even if we aren't a professional economist?
Yes, we can.
We often listen to: "A person, who hasn't experience in Forex, unfortunately looses all money." Instead we can achieve success without being professional, but we have to know some basics.
Which are the probability of success in these markets of the private money savers?
We think for private money savers also to who starts to invest following day by day the market's trend.
Who starts to work in Forex, it needs to know all information and news for better understanding in this range, let alone the list of the better brokers in the market, who can help us in trading activities.
Certainly trough a good trading system and a right experience, it's more probably than the Exchange having success in operations.
Because the unpredictability in Forex is smaller than in the Exchange and moreover in the currency the whole of "sentiment” has a fundamental role.
It's obvious that in these financial situations nothing is sure. With the buying and selling of the currencies you can gain big monogram, but also loose them.
It's true that the majority of money saver loose, but we can identify the common behaviours, which lead to the lost.
They are:

a) – shortage of method; the trader enters and exits on the market without having a strategy to follow or bases to take a decision.

b) – using improperly the financial lever; it's oft used the lever effect in a wrong way. Example: if the broker allows us to use a 50 lever and the trader has 4000 euro on the account and we take 2 lots for 100.000 euro/usd, we are working in maximum lever (200.000 / 4000 =50); if we take only one lot for 40.000, we will work in 10 lever (40.000/4000). We can make a good or a bad operation, but in this last case we can gain less and so loose less.

c) – don't keep to the self-imposed rules in hopes that the market becomes favourable.

d) – to choose to do operations in the most wrong time (waiting for the exit of the important macroeconomic dates, for example the Non Farm Payrolls, which exit usually lead up to a the strongest volatility.

e) – the volatility's cause: we have to say that the forex market has a volatility more inferior than the share market.
Seldom we can see a currency fluctuates of +/- 5% , as differently the stocks make every day, because it's not technically possible; generally is the using improperly of the lever.

f) – it's a "gamble"; false is that the forex is a gamble, something that depends on chance. If we work with a short lever, the risks are less than the share market, because the currencies can't fail as it happens for the societies, which are bind to stocks, and they aren't stopped in excess of rise or downturn.


For achieving a good outcome, we have to:

1. Learn to control the losses. The most important factor for gaining money is don't losing control of the losses.

2. To can control the money. If we work in a way which allows us to earn money, then the money management can make a difference between the success and the failure.

3. Don't be afraid by the market. Many new investors are frighten by the fear of risk and uncertainty of trading. The best investors overcome this fear.

4. To be motivated and determined. It needs to be motivated and determined for achieving success in trading.
We have to accept that the more successful investors probably spend many hours to test different strategies, before founding one profitable, and they probably loose money during the transaction.
So we don't be nodding if at the beginning we loose money, because we will be a excellent forex investor and earn a lot of money, if we are minded to remain in this play a long time for improving the trading strategy, and if we are sure of achieving success.

5. Exit from the trades. If we invest in a exchange and the things don't happened as expected, we have to exit immediately.
We don't have to accumulate mistakes during an Exchange, which we are involved in, hoping ina turnaround.

6. Follow the price's direction. It needs to make the exchanges following the price direction and so the results will get surely better.

7. Learn to know a crossing at a time. Every currency's couple is unique and it has a peculiar way to move along the market.
The forces which cause the couples movement, belong to each one crossing; it's better studying them carefully, learning by experience to focus on what we have understand by a crossing at a time.

8. Make an Exchange at a time. If we note that many exchanges between the couple EUR/USD are happening, and instead we buy the couple GBP/USD, which hasn't made any movement, we have so make a dangerous choice.

9. Plan/System trading. We should develop one and then we should train ourselves to remain faithful to it.
Don't anticipate results and don't make exchange differently than expected in our trading plan.

10. Hoard money. Don't exit from the profitable exchanges too soon, we have to wait for the right time!

If the trader wants to be successful, if he wants to do trading activity, he has to locate a method custom-made, which is respect of his character, of his economic condition, of his psychology for overcoming any situation. This method should be continually improved with discipline day by day, because of we can achieve a day steady profits.
It's difficult, but possible: if trader engages hardly in it, he could succeed, also ride over the situation of a loss.
No one was born winning. The preliminary study and the simulations avoid critical situations, but we have to admit that the practice is another thing.
The continuous improvements and the experience contribute to increase the enhancement, but the market always determine who is the winning or the looser.
A successful trader manages to find a right own balance with method and discipline, learning by experiences and by everybody, often arranging, according to his character, the way of approach to online trading.