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Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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The foreign exchange market is preferable for part-time traders since it competes 24-hour and also is frequently in change, offering ample opportunities to make earnings at any factor in the day.
Nevertheless, the foreign exchange market is extremely unstable. This makes it dangerous for all traders, specifically the part-time trader, if the appropriate approach is not executed. Approaches such as trading details currency sets that go to play during the times of day you can trade, looking at longer timeframes, executing cost activity approaches and utilizing technology will add to the success of part-time forex traders. Threat tolerance, leverage as well as time perspective (from hourly to weekly) need to additionally be taken into consideration for any type of investorβs broader method.
Altogether, these elements are a fundamental part of any kind of trading method, whether the focus gets on short- or long-term gains.
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