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The get rich analogy
Jul 19, 2020 zamanından beri üye
298 iletiler
Feb 16, 2021 at 07:49
Jul 19, 2020 zamanından beri üye
298 iletiler
The get rich analogy is true for all traders and not just the noobs throwing their hard earned money into the ring in hopes of getting lucky. Yes, trading successfully requires skill but it is going to take a lot of grunt work to get there. There's no easy shortcuts, so would advise the noobs to review some of the old threads, stickies and other edu resources and move on from there..
Apr 15, 2020 zamanından beri üye
219 iletiler
Feb 16, 2021 at 09:45
Apr 15, 2020 zamanından beri üye
219 iletiler
Michihito posted:Rightly said mate..... Trading looks quite fascinating from far away and attracts many newbies. They jump in with huge money and move out empty handed in the end....
The get rich analogy is true for all traders and not just the noobs throwing their hard earned money into the ring in hopes of getting lucky. Yes, trading successfully requires skill but it is going to take a lot of grunt work to get there. There's no easy shortcuts, so would advise the noobs to review some of the old threads, stickies and other edu resources and move on from there..
It requires proper forex education, market updates, practice, dedication and determination.
The more your practice, the more you learn.
Jul 19, 2020 zamanından beri üye
751 iletiler
Feb 16, 2021 at 12:08
Jul 19, 2020 zamanından beri üye
751 iletiler
That is the greed. Actually most newbies being told that trading is easy and there is lot of money. That introduction changed their psychology. A person should get well skilled to trade forex.
Jul 20, 2020 zamanından beri üye
298 iletiler
Feb 24, 2021 at 14:42
Jul 20, 2020 zamanından beri üye
298 iletiler
If you want to be rich, you must first learn to do good analysis. Then it is necessary to maintain money management and risk management.
Feb 07, 2015 zamanından beri üye
25 iletiler
Feb 24, 2021 at 14:50
Feb 07, 2015 zamanından beri üye
25 iletiler
LeviSievwright5 posted:The biggest aspect of this game is risk management.
If you want to be rich, you must first learn to do good analysis. Then it is necessary to maintain money management and risk management.
Even with a 40% win rate, you can be profitable with good risk management.
Sam.peters@
Feb 04, 2021 zamanından beri üye
31 iletiler
Mar 01, 2021 at 11:56
Feb 04, 2021 zamanından beri üye
31 iletiler
LeviSievwright5 posted:Exactly, money and risk management are the most important factors to be considered to make trading successful. Moreover, one should not develop a greed of getting rich overnight rather than they should give enough time to gain sufficient knowledge and skills.
If you want to be rich, you must first learn to do good analysis. Then it is necessary to maintain money management and risk management.
Dec 11, 2020 zamanından beri üye
110 iletiler
Mar 01, 2021 at 12:03
Dec 11, 2020 zamanından beri üye
110 iletiler
Harsh calling them noobs, but yes I hope that they do not think that forex is that get rich in overnight scheme and that they won't fall for it.
Jul 23, 2020 zamanından beri üye
869 iletiler
Mar 01, 2021 at 13:12
Jul 23, 2020 zamanından beri üye
869 iletiler
TradeHut posted:I also agree. Both money and risk management are crucial for trading.LeviSievwright5 posted:Exactly, money and risk management are the most important factors to be considered to make trading successful. Moreover, one should not develop a greed of getting rich overnight rather than they should give enough time to gain sufficient knowledge and skills.
If you want to be rich, you must first learn to do good analysis. Then it is necessary to maintain money management and risk management.
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