There is no short cut

There is no shortcut in life, just like there is no shortcut to the trading, whether it comes to making money or learning.

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. Forex trading is hard. Traders must devote themselves to learn trading and be patient with it. There is a saying that invest your time before investing money. If we be in a hurry to make money by trading, we will surely lose. Let us make sure that we deal with this market with ultimate caution.

@sebking1986 Rightly said, there is no reward without hard work. Forex trading is a field that if you master it once can help you reap rewards for years to come.

Becoming consistently profitable definitely takes time. It's never a good idea to rely on forex gurus or to listen to anyone that claims to have found the holy grail. Nothing can be guaranteed either.

HeavLeighGill26 posted:
Becoming consistently profitable definitely takes time. It's never a good idea to rely on forex gurus or to listen to anyone that claims to have found the holy grail. Nothing can be guaranteed either.

It needs time and sacrifice, there are will face so many obstacles how to finding suitable and profitable trading system, this also needs to improve mental trading where with strong mental hence we can learn more motivated and having good mindset if wherever we are will have same opportunity to become a successful person

HeavLeighGill26 posted:
It's never a good idea to rely on forex gurus or to listen to anyone that claims to have found the holy grail. Nothing can be guaranteed either.

Strongly agree on this. Learning each and every trading concept on your own is the key to get successful in forex trading. After all, you must know about the HOW and WHY of any trade you are placing.

Shortcut is always for failures and not for success!

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.

For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.

I can even tell you more. There is no fast result in every activity. It doesn't relate only to trading actually. I believe that all activities require skills, patience, knowledge and experience. To my mind, the more you will dedicate to trading or any other activity, te more chances to become successful you will have. It doesn't mean that you will never receive any profits from the activity, it just means that you have to work hard if you want to be successful. Generally, I agree with your words and suppose that you're totally right. I wish all the novices in trading would understand this truth.

PeteLanceley posted:

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.

For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.

When traders already give up and leave forex, they lose all chances to make money through forex
but if traders already felt addicted to forex, although they leave forex but later will come back again because curious about how to make money here.

PeteLanceley posted:

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.

For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.

Completely agree, i dont think that the high failure rate is that you cant make money from forex i believe its the fact that people cant stay in the game long enough and endure the learning curve. Once you do the world is your oyster

I don't know if there is any other job but in forex trading, you can never learn by cheating and you can't make money. Therefore, there is no opportunity to trade shortcuts.

This statement is absolutely correct despite the fact that the Internet is full of different gurus who promise to make you a pro within a week. Success in trading requires lots of time, efforts and patience. Unfortunately, it is next to impossible to gain necessary experience and knowledge within tight deadlines. THat is why you need to take your time and start learning and practising from the very beginning. I wish I could say that everyone can easily achiee that level of expertise which will provide a trader with consistent and stable profits, but it is not so. I don't mean that you need to have some natural talent to that, I mean that you should pull really much effort to it in order to remain afloat in trading. Anyway, everything depends on you and only on you.

Forex is not a get-rich-quick scheme. There are no shortcuts. You have to do the work. If you are not willing to do the work, then this might not be for you. Trading is challenging, and it takes time, effort and patience to master.

In forex, there is no shortcut, but there are many strategies that will help you to be successful in forex. These include using moving averages, price action, pivot points, and more. Forex trading is challenging yet rewarding. Just remember not to get discouraged by the fluctuations in the market, and stick with a strategy that helps you keep your emotions balanced while you make money.

True. In trading, there are no shortcuts. You can only be fully successful if you have both knowledge and skill.

All traders have to understand this simple truth, that there is no short time success in trading. Everything requires time and experience. I believe that trading activity is similar to other ones. The main distinguishing trait is that trading activity might potentially bring you much more money, rather than other activities. However, not all traders are ready to wait for so long. They would rather give up all the ideas of trading, because i tseems to them so difficult to become successful. Here, all traders decide by their own, whether they are ready to stay durable during a very long time, or they just give up without any efforts.

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.

No shortcuts here im afraid.
Keep practicing stay on demo
Learn market structure journal your trades .
Use proper risk management and max 2% per trade