Trading is not a quick scheme to get rich. To earn consistent money through trading, you need to have a good knowledge of the market and its working. Then you need to develop a trading plan and trade dedicatedly over the years for earning a handsome amount of money.
If the knowledge is good, it is possible to make a lot of money from Forex. Many traders have achieved success by trading. However, the contribution of good skills behind their success is the most.
Jul 22 2021 at 01:15
If I have good skills and can manage money management and risk management in the right way, I will be able to take some profit at the end of the month. In this case, a lot of patience is needed.
Jul 23 2021 at 12:36
Tradextol posted:Yes. You have to be patient to survive in this risky market.
Trading is not a quick scheme to get rich. To earn consistent money through trading, you need to have a good knowledge of the market and its working. Then you need to develop a trading plan and trade dedicatedly over the years for earning a handsome amount of money.
Tradextol posted:Yes. You have to make a good plan to make a consistent profit from this market.
Trading is not a quick scheme to get rich. To earn consistent money through trading, you need to have a good knowledge of the market and its working. Then you need to develop a trading plan and trade dedicatedly over the years for earning a handsome amount of money.
@LukeRachel Yes good trading skills, money and risk management skills are the key. A trader also need to know when to trade and when to have patient.
LukeRachel posted:patience always gives its profit in work, the main thing is to have the right approach to work
If I have good skills and can manage money management and risk management in the right way, I will be able to take some profit at the end of the month. In this case, a lot of patience is needed.
Sep 15 2021 at 00:42
Like with any profession, you must get some miles under your belt in order to be successful.
All or nothing
Sep 15 2021 at 01:21
If traders want to earn maximum profit from forex, they must avoid the bad habit of being hurry and hasty. Profit is assured by calm work and slow, sensible work. Profits can be obtained through technical and fundamental analysis. The market's news should always be kept in mind by traders. With a 0.02 lot size, big profit can be achieved in good trading time. However, this is only for a very strong signal.
Williamfreed posted:Couldn't agree more on this buddy!
If traders want to earn maximum profit from forex, they must avoid the bad habit of being hurry and hasty. Profit is assured by calm work and slow, sensible work. Profits can be obtained through technical and fundamental analysis. The market's news should always be kept in mind by traders. With a 0.02 lot size, big profit can be achieved in good trading time. However, this is only for a very strong signal.
In fact, for many, the goal of trading is exactly making money. I think this is the most important result at this stage.
Sep 16 2021 at 00:25
UweMoench posted:Of course, this is a very important part. The trader needs to know when he will be able to enter/exit the trade. And it requires patience and plan.
@LukeRachel Yes good trading skills, money and risk management skills are the key. A trader also need to know when to trade and when to have patient.
Sep 16 2021 at 13:15
By trading, we can make good profits if we put our hearts into it. Although, getting high returns entirely depends on the skillsets, experience, and knowledge of the trader. I think that no matter how much we trade, there’s still some amount of knowledge left for us to gain.
I believe that trading is a really profitable option to work with.
in trading, the main thing that you can get is good money!
If we want to be a success we have to pull full efforts to it and trading is not an exception. This activity implies lots of learning and patience. These things are of huge significance. Traders constantly need to adjust to the market which is always changing.
Sep 22 2021 at 01:44
UweMoench posted:Of course, these skills are needed. It seems to me, however, that psychology should be given the highest priority. Because making a profit in emotional trading is very complicated.
By trading we can make good return but only if we have enough knowledge, experience and skills. Otherwise making money in forex market is the most difficult task in the world.
I don't quite agree with the statement that trading is the most difficult activity for making money. However, I fully agree that without experience, skills and knowledge we reach nothing in trading. I believe that the main goal for rookies should be gaining knowledge and experience by learning and practicing, and only then they can think about income. Trading is such an activity which should literally monetized. Firstly, you dedicate all your time to it, then you will provide yourself with everything you need, like a gratitude for your efforts. Trading activity is very generous in this matter.
Sep 22 2021 at 16:17
I would say that otherwise it is impossible to make any consistent decent returns. Surely, in order to be a success on the forex market you need to obtain knowledge and skills, but you should also control your body and soul and you should never let your emotions control your decision making process.
Mekhi_Jerde posted:Your argument is correct, it is not possible to make money in Forex without knowledge. So you have to control emotions and trade through knowledge gain.
I would say that otherwise it is impossible to make any consistent decent returns. Surely, in order to be a success on the forex market you need to obtain knowledge and skills, but you should also control your body and soul and you should never let your emotions control your decision making process.
