Forex trading requires specific knowledge and skills. And you can't get that without learning and practicing. Trading is easy but learning process is long. You have to give time to learn the strength of trading.
Yes knowledge and skills are very important for trading. Trading is for skilled people. If you are not skilled you will get kicked out. Yeah I am being rude but you need to prepare to face the reality. There is no short cut in trading.
You can get initial trading skills on a demo account and by watching training videos. But know that this will be just a piece of the information you need. There is a long way to learn and improve yourself as a trader.
Proper knowledge and skills need to be developed to earn trading consistent profit. Because it is not possible to make a profit without developing skills. If you practice with patience, you will have to go ahead in trading.
@LyudmilLukanov Yes you are right. Money management and risk management is the very important in forex trading. If any trader do have good risk management policy, sooner or later, he will be kicked out from the market.
Before mastering any system, a trader needs to know various types trading of methods. Then from all those methods, he should pick one that he understands the most. It's a long process. It takes years to get the edge.
Michihito posted: Yes knowledge and skills are very important for trading. Trading is for skilled people. If you are not skilled you will get kicked out. Yeah I am being rude but you need to prepare to face the reality. There is no short cut in trading.
Knowledge and skills are the main thing in this market.
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.
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