Knowledge is required in the forex market. However, to acquire that knowledge, many skills have to be developed. In that case, different forums help the trader a lot. It is possible to gain a lot of information from the forum.
There have been so many with me that I have closed the loss in a profitable trade. It created my negative mindset. As a result, the negative impact of that trade has fallen on other trades.
Strategy is very important. If the strategy is not maintained properly, trading will be very difficult. I try to update the strategy by doing research online.
Yes, you are right. You can develop a strategy by doing demo trading. But before that, you have to take education from a tutor or knowledge from online.
Yes, but every trader should trade with emotion control. Because no matter how good a strategy a trader has, if he trades with emotion, he will not be able to make a profit.
To be a professional trader, I have to trade by maintaining discipline and plan. And trading has to be done by maintaining money management and risk management. And I have to give up negative emotions.
Speaking from my experience. I have not been able to make a profit by trading for 4 years, but I have moved forward in trading with patience and now I can make some profit at the end of the month.
Yes, you are right. The more simple the trading, the better. The more complex I take trading, the harder it will be for me to make a trading profit. That's why I think trading education should be created from YouTube, Google, various forums.
Trading Mindset Game. So here is how to make a profit by managing psychology properly. If psychology is weak, it is not possible to make a profit using a very good strategy.
From my experience, if I don't take trading seriously, it will be very difficult to survive in trading. I have to make a profit in demo trading first then I can join live trading.