Strategy is very important but not everything. You also need discipline. A good trading psychology. You also need good Control over your emotions and Ability to stay away from trading when it is needed.
There can be no such thing as a Forex market in the virtual world. People are taking it as a gamble so they can't succeed in trading but if you think positively then you will understand that success will come one day if you trade with patience according to the plan.
Yes trading is the combination of strategy, discipline, mind set, emotion control, money management and risk management. We need all of these. With an average strategy and all other qualities a person can make regular profit.
The strategy is very important but if you can't manage your emotions and discipline then trading is not possible. Another important factor in money management and risk-reward trading. Excluding that part, it is never possible to survive in trading.
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.
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