Leverage is one of the most important tools for forex trading. If you have proper knowledge about leverage, you can use it to increase your profit margin.
You also have to depend on your luck. I agree that all matters I forex is knowledge and skills. But in spite of having knowledge and skills you have to depend on your luck too.
To make money from this risky market, a trader should have proper trading knowledge and skills. Without any knowledge, No trader can survive in this risky market.
A strategy is the main key to success in this risky market. But for using any strategy you need to have proper knowledge about the market. Without the proper knowledge, you can not make a profit from this market.
Most traders don't get success in the forex market because of their low knowledge. Without the proper knowledge, no trader can make money from this market.
Yes. It is an unpredictable business. but for those who have little knowledge and exp[erience. if you have proper knowledge, you can make money from this market most of the time.
SL will help a trader to control his losses. He can limit his losses with the help of SL. But if any trader doesn't have any knowledge about SL, he can face problems of using it.