Shortcuts are often very convincing but in the end they only provide a temporary solution. When it comes to long term success, shortcuts don’t work. In forex trading too, you may find a strategy that you think can make you quick money. This strategy may work for you a few times but if you don’t practice enough you can’t make profits from it.
Definitely! Becoming a successful forex trader demands time and persistence. Many new traders who come with the hope of making quick profits ignore the notion that becoming a successful trader is hard work and can take years. If you are new to forex trading, please take time to educate yourself first and then expect something in return.
We therefore can see that sometimes, little information is enough to express something very detailed. If we go back to trading, an information like open/high/low/close prices is also very little information and we get 'some' idea what is going on in the chart!
UweMoench posted: There is no short cut to success. In short time anyone can get some temporary success but for sustainable success, it needs time. But most traders do not try to understand this simple fact. They live in fool's Paradise. They want to make quick money without necessary skills and knowledge.
You are absolutely right on the note that there is no short cut. If we want to be successful in any business, we must devote to work hard, be patient and sensible. Forex trading needs us be more patient, more hard working and more sensible since it is a business of cleaver people.
People who succeed in any field do not have the choice of a shortcut. There is no short path to success but if you work hard enough and do it smartly, you can cover the distance in less time. Try to give as much time to learning and practising as you can.
A trader should try to learn something in detail because there is no space of short-cut. Short-cut leads to losses and makes learning fully incomplete. In Forex, there is a bulk of things to learn so there is no way to make a cut short. Better learning will deliver you a better profit. So, rely on learning rather relying on haphazard trading.
Yes, it is crystal clear that there is no short-cut in trading. Traders have to learn everything deeply and should take guidance from professional traders. Newbies should work on all points which are related with trading and should develop the sense of maintaining patience and following a plan.
Success in trading takes time and a lot of effort. It is unrealistic to expect to become successful in forex trading overnight. You must dedicate time to learning more about trading and must practise frequently.
It’s true that there is no shortcut in forex trading because trading is not an easy job. It requires a lot of effort and hard work. That is why traders should dedicate their time to learning and have patience because better learning and patience leads to better results.
I always relate forex to the famous saying “Rome wasn’t built in one day.” It takes a lot of time (months and years) to develop your skills and become disciplined. Forex trading is definitely one long journey, but worth it!
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