Do you know what it takes to survive in the market?

If you were given an option, what would you choose - profit vs. survival? Profit. Right? Let me tell you a story and let's see whether you stick to your opinion at the end.

Jason, the fearless

Jason, a ‘noob’ begun his trading career with little knowledge but with handsome capital. He did all the due diligence before opening a real account- demo trading, learning technical principles and selecting a perfect trading strategy. Yet, when he started out to trade for real, his realistic expectations were not met. He tried different approaches, but nothing paid off. As the capital decreased, his knowledge increased. Finally, he became a wizard, with brimming knowledge and honed skills, but with an empty wallet.

It is not only the case of Mark but with every trader. Just when they need to be going all gun blazing, they fall short of firepower (capital). But consider a different scenario, what if Jason just survived the initial storm. Could it have been easier for him once he perfected the craft?

Can knowledge compensate capital?

No, it doesn't. In fact, it's the other way around. When you have more knowledge, you actually require more capital. It is not to leverage more trades and make maximum profits, but to alleviate losing cases and improvise opportunities. The money gives you the cushion, confidence to go for right trades. Take, for example, you see a currency pair at its short term high and in the long term charts it has just given out a breakout. Your natural instinct will tell you to wait for a dip. But if you’re accustomed to the market long enough, you know, the market is not going to wait for you to get on board. These are the high conviction setups, you know it, yet you will hesitate, due to lack of backup (capital) and just watch the ensuing rally with a reverberant question lingering - 'What if I preserved my capital?'

Survive, Preserve, Go for the kill

Don't merely look for profits, try to survive and preserve the capital. Once you gain enough exposure, you can make money rain at will. But how to survive and preserve the capital? You need to adapt risk-reward principles meticulously restraining emotions. Or you can automate making on the forex market by investing in our private account management. 1.Open a pamm account, 2.select a manager by using our filters, 3. invest , 4. sit back and watch your money grow like crazy. Click here to get started