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.
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.
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.
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: 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.
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.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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