As has been said above to be effective at trading (or anything) you need knowledge. Without that you are just gambling. I am trying to learn (and take my time about it), rather than just jump in and loss all my money on high risk trades
AniLorak posted: i like to depend on Forex , because its really a royal business than others. generally we the take Forex as money making place and this greed comes from making profit from demo account.
Agreed, demo trading somewhere, does make every trader think that he has become 100% efficient, not knowing that live trading is so much different.
GeorgeBischof posted: Trading is the forex market is not so easy. If you have proper knowledge and basic skills, you can make profit from this market. So, gather knowledge and skills as much as you can.
I even feel that trading courses are a must, can give a good perspective on every related aspect.
I, too, are on a similar path like all newcomers to trading. But I've already spent a lot of time to figure out what's what. Everything is both simple and complex at the same time. I realized that I need to study a lot and if I want to earn decent money, I need to become an experienced trader.
samir45566 posted: I, too, are on a similar path like all newcomers to trading. But I've already spent a lot of time to figure out what's what. Everything is both simple and complex at the same time. I realized that I need to study a lot and if I want to earn decent money, I need to become an experienced trader.
There's no doubt that experience in trading brings its own rewards. Initial part of trading journey is mostly composed of losses.
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UPOZORNENIE NA VYSOKÉ RIZIKO: Obchodovanie s devízami prináša vysokú úroveň rizika, ktoré nemusí byť vhodné pre všetkých investorov.
Páka vytvára ďalšie riziká a straty. Než sa rozhodnete obchodovať s devízami, dôkladne zvážte svoje investičné ciele, úroveň skúseností a toleranciu voči riziku.
Môžete prísť o časť alebo všetky svoje počiatočné investície. Neinvestujte peniaze, ktoré si nemôžete dovoliť stratiť. 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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