Yes, maybe we need to change the main mindset, although the main goal become forex trading is making money, but here loss also as part of the game, so trading with fun and trading with rush maybe will different result, mostly trading with fun will more controlled than rush trading
FXOday posted: Yes, maybe we need to change the main mindset, although the main goal become forex trading is making money, but here loss also as part of the game, so trading with fun and trading with rush maybe will different result, mostly trading with fun will more controlled than rush trading
trading with rush will lead to emotional decisions which are ultimately losing decisions. I completely agree with you
Skills are the basic requirements for every work. Not having enough skills for trading will eventually drop the bar of success and profits. It is always good to train your forex skills before jumping in with big investments.
Forex trading is a risky business and without knowledge and skills, it may difficult to perform well in it. It is necessary for every trader to acquire specific knowledge in forex and start making money.
A strong skill set for forex is essential to become a successful trader. Knowing about the different trading strategies, tools, and chart predictions are the basic skills. Improvising their own ideas and capabilities to anticipate the future events in the market is something only a skilled trader can do.
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.