I think a positive mindset is needed to make a consistent profit. Risk and money management must be maintained to make a consistent profit. If it is possible, then it is very easy to make a profit with the plan.
I think an experienced trader will have some edge due to their in-depth knowledge and advanced trading skills. Just being experienced would mean nothing if you don’t have enough knowledge and trading skills. So, a trader needs to keep on learning for a long time in order to attain this edge that comes with experience.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.