How to stop losing money in Forex

#OPINIONLEADER#Forex is a hard market. Some people have made a huge amount but many traders do not become profitable. To trade forex you must have a close working knowledge of macro economics and geopolitical plans.

• Know the various economic data releases like when a central bank has a speech or the fed meets etc.
• To avoid losing money you would study for five years and trade a demo account to reach consistency, before using real money.
• Do not study from YouTube, they are all losers who cannot trade and need you to click a link or just watch their videos so they get paid. All those guys on YouTube made their money from YouTube not trading. And that’s the bottom line.
• Go to the library, read the Goldman Sachs reading list and ask for reading lists from colleges and business schools.

Anyway, absorb as much info as you can. Always use a stop loss. Have a happy day trading guys!