About 95% of people that trade with forex fail within the first couple of weeks learning how to trade forex, this is due to several reasons but mostly because people when they decide to trade forex have no plan and how to do and just throw there money into it hoping to make a quick buck.
There are a lot of factors you have to consider when trading in forex like knowing when to buy and sell, when pips are gonna turn, and knowing what to trends and signals to look for when trading currency.
Most are put off when they find out that forex trading requires constant monitoring of online markets meaning you spend countless hours in front of a computer - sometimes late hours of the night.
that's why its important to learn how to trade forex properly.
The good news is that there is automated software out there that can do all the donkey work for you , these programs do all the market analyzing , all you need to do is input the appropriate data the software does the necessary calculations and generates the best predictions, signals and the percentage in pip changes.
So basically the software tells you the best buy and sell scenariosto maximize your profits.
A popular product that forex beginners are using is Forex Killer which does all the market analyzing, signals and trends for you - you'll never have to sit for hours on endon a computer waiting for the right pips to show up.