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Forex trading is for expert people
Oct 25, 2020 at 12:59
Membre depuis Jul 19, 2020
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Forex trading is for expert people. It requires specific knowledge and skills. Without learning that you can not have consistent profit in forex trading. An expert trader knows when to open or close a position and how to manage risk. He also chooses his broker wisely.
Membre depuis Jul 19, 2020
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Nov 06, 2020 at 12:52
Membre depuis Jul 19, 2020
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Yes without being skilled it's not possible to make money here. It's very normal to lose many initially. A new trader should remember that it takes time to learn. There is no short cut for success in trading. They need passion for learning.
Membre depuis Mar 16, 2020
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Dec 17, 2020 at 02:35
Membre depuis Dec 16, 2020
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Anyone can learn and be consistent in Forex trading or any type of trading at all. It does not require specific skills or some type of "Special Knowledge". All it requires is Top-Notch risk management (risking a maximum of 1% of your account CONSISTENTLY) and the RIGHT trading mentality (not giving into the urge of "ahh I lost $200 I'm just gonna make it breakeven and I'm out" novice mentality etc...). These kind of mentality is what turns into revenge trading and will blow your account. And I feel the best way to improve mentality is to learn from other successful individuals by reading their works on psychology and so on. If you can nail your risk management and mentality, consistency in your trading is just around the corner.
Membre depuis Dec 16, 2020
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Dec 17, 2020 at 02:48
Membre depuis Dec 16, 2020
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But if I'm really honest, Its really not for most people. Being successful as a trader will require you to position yourself part of the 5% of the whole world (the 5% are traders who can do it consistently in this industry, not just a few months or years trading "high risk") and being part of the 5% of the world just isn't easy as you will need to change yourself completely before anyone can achieve anything significant. I myself am also just starting to experience these significant changes in my routine and keeping a Personal Goal of only losing a max of 4% Drawdown in my capital and achieve 4% monthly, 50% yearly. I hope this helps anyone who came across this.
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Dec 17, 2020 at 06:53
Membre depuis Jul 19, 2020
posts 310
Forex trading requires great trading psychology. It has been said that trading is 90% psychological. Individuals battle in forex trading since they overlook the significance of psychology in trading. Even a good strategy fails because of trading psychology. You have to get control over your mind if you want to be successful in forex trading.
Membre depuis Oct 30, 2020
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Dec 18, 2020 at 07:23
Membre depuis Oct 30, 2020
posts 15
UweMoench posted:
Forex trading is for expert people. It requires specific knowledge and skills. Without learning that you can not have consistent profit in forex trading. An expert trader knows when to open or close a position and how to manage risk. He also chooses his broker wisely.
https://funds-money.com/top-10-forex-indicators/
Membre depuis Feb 07, 2020
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Dec 19, 2020 at 17:57
Membre depuis Jul 23, 2020
posts 696
Brel posted:
I would say everyone can become experts in forex. It is just about how much efforts you put into it and how you use your knowledge practically into this field. Without hard work and good research, nobody can win here.
Right. New trader should focus on learning instead of making money.

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