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Because people are sick of their lives, their relationships, their jobs, and all the lies that have been told to them ever since they learned how to walk. It is true that at 10 cents per pip, you will make no money. Day traders are especially sensitive to these issues. No more second guesses. Then get scared. This often results in whip-saw like action before a trend emerges if one emerges in the near term at all. Can you see how important this is? Quite frankly: When I was raising money to day trade, I probably contacted over 1, people. However, it is impossible to make money with it the way that the so-called Forex mentors and gurus and scam Forex brokers and sites claim. While it seems like easy money to be reactionary and grab some pipsif this is done in an untested way and without a solid trading plan, it can be make 100 a day trading forex as devastating as trading before the news comes out. The bigger you risk, the higher your returns. Therefore, a trader may even be fairly confident that a news announcement, for instance that the Federal Reserve will or will not raise interest rateswill impact markets.

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