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Old 06-26-2005, 05:27 PM
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[quote=scorpion]Yes, many people are being attracted to forex, but sooner or later most of them will get away because of the extreme difficulty of forex. I read a poll at MoneyTec showing that most of traders have burned their accounts and quited. Forex is difficult, might be because the forex market moves without any reason at all, while the stocks most of the time moves with reasons.
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Extreme difficulty of Forex? I like the forex trends...

Most people burn their account in other markets too.
My guess is because most use full leverage and then get hit by a (small) drawdown. Whatever instrument you trade beware of margin calls.

And does it really matter why markets move? Not to TA imo.
And the things that move stockmarkets are mostly known afterwards by most traders. You need costly newsfeeds to know in advance. While for forex the news is more public.
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