"Trading for a living" is the ultimate dream of all trader wannabes out there. They read (or listen to) the hype, then enter the world of forex trading with all that unrealistic hopes and expectations. Needless to say, most of them got wiped out in an instant, the one who still survive found out the reality of forex trading and keep learning to better themselves. Some of them made it, some don’t.

Is it actually that hard to support yourself by trading currencies? Well, yes and no. It is just difficult if you have unrealistic expectations such as getting rich instantly or becoming a millionaire with $25 investment. Prepare yourself well and it will get a whole lot simpler. These are what you should assume when you’re trying to make forex trading as your primary source of income:

You’ll lose

You’ll have loss trades. It's unavoidable and you’ll experience it at some point. We are dealing with the most unpredictable market on the globe, so if you came across someone who claims to have a 100% no-loss trading system, it’ll be one of the following:

• The course will tell you to hedge, which most of the time isn't a really good idea.

• He'll tell you to simply wait until the price gets back. While you can do this in stock market, doing this sort of thing in forex trading is purely suicide, particularly if you’re trading with borrowed margin.

Do not expect to win every time you enter a position. This is another good reason to apply decent risk management and money management to reduce the risk from loss trades. An excellent trading system will provide you with decent profit at the end of the month, but you’ll still have a number of loss trades along the way.

You’ll have to keep learning

You discovered a trading system that created by a well-known trader and a lot of people are recommending this system. There are lots of positive customer feedbacks from successful members. You check out a great deal of reviews and read this course details carefully. You’re absolutely positive that this program will change your life.

It turned out that it doesn’t. You've got a bunch of loss trades. All of your analyses went wrong. Is it a scam program? It could be, however you must understand that different people with distinct circumstances will have distinct result. Needless to say, there are also distinctions in basic skills, the amount of resources that can be allocated, and how far you’re prepared to go to improve.

Each trader has his own area of expertise. Maybe scalping is simply too nerve-racking for you. Perhaps your trading style is much more well suited for long-term trading. Either way, don’t quit and keep studying. Employing a practice account is the best method of doing this. You can test various strategies in a real market condition and employ the one that works to your live account.

Having loss trades and new lessons everyday are the one that make a forex trader gets even better. If you can accept these facts, living by trading currencies is not an unattainable dream anymore.