In forex, knowledge is power. You cannot just rush into trading when you lack all the relevant knowledge. A lot of people that fail forex are usually not willing to learn. They want the easy way out and earn as muchbas they can in a short time which is usually a bad Idea because it never works. The result is just a lof of losses that could have easily been avoided.
There is no short cut in Forex for to succeed in this online business. You need immense amount of knowledge about and if you have lack of knowledge then it will be difficult to survive in Forex. So always work hard and do some practice and get experience to become a succesful trader.
It would be great for everyone if millions and billions can easily earn in just a few dollars and a few mouse clicks. Unfortunately, not for everyone. Forex trading is tough. It is necessary to spare time and effort. Before start trading, you need to ask yourself if you can commit to it.
Success demands proper hard work, skills and passion, without which nobody can get his/her share of success, be it in forex or otherwise. If any trader tries to win out of shortcuts, his winnings, if any, will surely be too short-lived.
I agree with you. There is no shortcut way to make money from this market. Most of the traders lose their money trying to earn money quickly. So, make a plan and try to earn money according to the plan.
Yes there is no short cut in forex trading. You have to grow your account gradually over years. You need long term business policy. Otherwise you will be kicked out by the market if you try to do it fast. Have patience and trade.
True! There certainly is no short cut, and overconfidence can be a killer. A lot of people suffer heavy losses because of jumping too fast on live accounts. My suggestion is to spend at least half a year on a simulated trading environment first.
ElliotCooke posted: I agree with you. There is no shortcut way to make money from this market. Most of the traders lose their money trying to earn money quickly. So, make a plan and try to earn money according to the plan.
Yes, I completely agree with us. Forex is very volatile and one need to have good knowledge about market to earn good profits.
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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