What requires

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.

If you want to trade in forex you need a good and reliable broker. Without a good broker it is quite impossible to survive in this risky market.

Forex trading involves a lot of risk so invest wisely.

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.

perryjohn765 posted:
Forex trading involves a lot of risk so invest wisely.

That’s why risk management is essential in trading. Every trader should learn it before real trading.

You need a regulated broker and a good trading strategy to make money from this risky and volatile market.

If you really want to make the best out of forex trading, make sure that you spend enough time learning and practising.

New knowledge is necessary in any business and it is important to understand it so that you make the right decisions and always move only forward.

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.

EbonyJones posted:
You need a regulated broker and a good trading strategy to make money from this risky and volatile market.

Beside regulation, good trading platform and condition are needed. Risk manage is also essential to minimize risk.

The main thing is not to turn into a theorist.
Only practical development of new knowledge is the way to success.
And of course the analysis of results so that you can always correct your actions.

It is a pity that many people do not understand this and still try to guess what will happen in the market. And then they say that it is impossible to make money in the market...

No need to rely on luck or guessing just doesn't have any theory about it, heh.

Yeah. Successful risk and money management are very good aspects and a lot of attention should be given to these.

Proper money and risk management are required to stay in this market long.

@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.

Trading psychology is the most important thing after trading strategy. Even a good strategy can be invalid if we are not psychologically well equipped. Every trader should focus on this aspects.