Those who can't learn will be eliminated by the market

Forex does require certain skills and knowledge and it is not everyone’s cup of tea. Most newbies fail to continue trading because of various reasons like incompetence, greed, lack of skills, etc.

marcellamcguire posted:
Forex does require certain skills and knowledge and it is not everyone’s cup of tea. Most newbies fail to continue trading because of various reasons like incompetence, greed, lack of skills, etc.

Yes, It is not a cup of tea for everyone. You will certainly need to study and learn the skills. Also control your emotions during trading.

No doubt, forex is not for those who cant update their skill, knowledge and strategies on time.You gotta be on your toes to reap maximum benefits from trading forex.

In order to survive in forex market, you need constant research, determination and skill practice else there is no room for casual traders.

Trading education requires a lot. If a trader tries to trade without education, he will drop out of trading. It is not possible to trade without skills and knowledge.

Be patient and keep pushing yourself everyday to learn something new. It is a struggle but will definitely pay you later. Keep hanging 😊.

Forex needs time and proper trading mindset. This can be only developed by careful understanding of forex market, what major forces are driving it and their impact. Always look for forex related news to know what is going on, this helps you to analyse the market in better way.

blackChelsea posted:
Forex needs time and proper trading mindset. This can be only developed by careful understanding of forex market, what major forces are driving it and their impact. Always look for forex related news to know what is going on, this helps you to analyse the market in better way.

Thats right. Proper market update, along with core understanding of fundamentals, technicals can help you to take the correct trading decisions

Thats indeed true. Only those people will be able to survive who understand that learning is inevitable in forex. Even if you profitable there is still so much to learn. So, keep the cycle going

Yes. No trader can survive in this market without proper knowledge.

Yes if you are not skilled enough, eventually you will be kicked out from the market. There is no place for unskilled people in the Forex market.

Those who cannot sensibly complete the training will simply end up losing their money, and you need to be ready for this.

Yes it's true. Forex market is the best example for survival for fittest. If you are not skilled enough, you will get kicked out from the market by the market.

Yes, of course, the forex market is an example where there is no movement without knowledge. And the biggest thing is that trading is impossible without patience.

UweMoench posted:
Yes if you are not skilled enough, eventually you will be kicked out from the market. There is no place for unskilled people in the Forex market.

I agree with you. Proper knowledge is mandatory in this market.

That's an exact statement I guess. Those traders who aren't eager to learn and practice will be expelled by market, because the main idea of trading activity is that traders must always upgrade their skills and fill the knowledge base, otherwise everything what they do is just for nothing. It's kinda clear idea and there is no need to explain it to the mass. Such traders who ddon't want to learn something new, they just blow their accounts and leave trading forever, however there are some traders who once have come to trading, blew their accounts and now they decided to join community one more time, but considering all the previous mistakes. Such ones deserve respect.

Dorofeev posted:
That's an exact statement I guess. Those traders who aren't eager to learn and practice will be expelled by market, because the main idea of trading activity is that traders must always upgrade their skills and fill the knowledge base, otherwise everything what they do is just for nothing. It's kinda clear idea and there is no need to explain it to the mass. Such traders who ddon't want to learn something new, they just blow their accounts and leave trading forever, however there are some traders who once have come to trading, blew their accounts and now they decided to join community one more time, but considering all the previous mistakes. Such ones deserve respect.

Completely agree, coming in and out is very difficult to do. If you want consistent results you have to be consistent in training, learning and above all trading your rules

I completely agree that without training in this industry it will be really difficult to get a positive result. When I started working with a broker, I used a demo account for training.

CraigMcG2020 posted:

Dorofeev posted:
That's an exact statement I guess. Those traders who aren't eager to learn and practice will be expelled by market, because the main idea of trading activity is that traders must always upgrade their skills and fill the knowledge base, otherwise everything what they do is just for nothing. It's kinda clear idea and there is no need to explain it to the mass. Such traders who ddon't want to learn something new, they just blow their accounts and leave trading forever, however there are some traders who once have come to trading, blew their accounts and now they decided to join community one more time, but considering all the previous mistakes. Such ones deserve respect.

Completely agree, coming in and out is very difficult to do. If you want consistent results you have to be consistent in training, learning and above all trading your rules

Consistency in all aspects of life is how things get done. Whether than be change of habits, building a business, learning to trade or do anything else.