Before I go into details and examples of how to hack the forex market in order to avoid loosing money or at worst minimal amounts. I should add that this is not hacking in the usual sense of the word.It more like digging out the underlying logic that forms the framework that supports the A.I. as it accommodates traders positions.
I will start out with the other principles that also have to be understood before I get into dancing with the devil that takes your money.
We would all agree that learning how not to loose your money trading in the forex market is more important than the process of making money or letting the profits flow in your direction whatever that sum might be.
Choosing the right broker is extremely important as brokers have been known to be forced into liquidation due to their own exposure to risk. Also it's important to tell the broker that your trades are not to go through his dealing desk as you want them to go directly to the liquidity provider.You don't want to give the dealing desk a free hand at taking out your stops prematurely.
He may respond by telling you that your initial deposit needs to be larger than say, $10,000 for your orders to be channeled to the liquidity provider.
The next stage is ones ability to start to trade on a break even basis over a specific time period. This step is a definite confidence builder, it is also an important indicator of ones psychological preparedness to become successful at trading.
The last stage is of course taking profits generated from the implementation of your trading skills.
I recommend you have a pay day just as in any job. Ring your broker and get him to send you a percentage payment from your profits.
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