Having a mentor is a good thing to have. But it is not easy to find a mentor. So most of us have to learn from internet and go through materials which are available to us. A trader would be fortunate if he finds a good mentor.
Option trading is different from forex trading. There is a time limit on option trading and also less facilities than forex offers. But different people have different preference and the end of the everything is whether they can make profit from it or not.
It is a false statement. There are lots of mental stress involved with trading. And lots of corners a trader needs to look for. There are certain point when traders don't need to take much stress but still it stays stressful.
Sad but true. Also agree with what @Winjak said. Many has the idea that forex should be a charity but they forget that the market is highly competitive.
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The numbers start from 80% to 99%. Different people have different opinion about the numbers. But what's common among those numbers are that the large percentage of trader are losers.
Well said. There is no shortage of information on the internet and we should filter those which are not important for us and use those which we think is good for us. That way we can make more good trading decisions.
The return is very low compared to risk people take on option. It is around 70% to 80% return for your 100% risk. Where as in forex, a trader can setup his own risk and reward ratio. And there is no predetermined time for that.
Well fundamentals move the market. And during news time the market moves the most. So if a trader can make profit from that rapid movement then it is very little time to spend on trading for the trader.
Actually I think when fail and on the verge of giving up then they start to call it gambling. Because they need to express their anger in some way and that is when they start calling forex trading as gambling. Well that can be one reason coming to my mind at the moment.
Blaming yourself won't bring anything. Rather what mistake you have made analyzing that will bring positive return for you as a trader. Because in future you will keep that mistake in mind.
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FXOptimax is a NDD-STP broker. We do not run any dealing desk. All of the trades by our clients are sent to our liquidity providers, consist of prime brokers and banks.
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Agree with you. Those who are really good at doing their job stay silent. I doubt they even have an account. They just read. Their participation would have helped lots of people including me.
If someone wants some reward for their educational services then it is not wrong in my opinion. But the thing is who is authentic and who is not is difficult to find out. So it is better to stay away from paid courses.