Yes, anyone can learn to trade. Just as anyone can become a world champion in any sport. But, only by hard training. In order to make a Forex, you need to work hard, be disciplined, with good self-control. As in any field of activity.
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I think what majority of those people mean is funds that are reasonably fair enough to hold us for some time so as to avoid being kicked out of the market. But since the mini account is there, I see no reason one should even start up with huge capital his most concern at that stage is that of learning and not earning.
Well, I'm happy you got the better side of it but the much traders I know who are no longer in the business are impatient. One, his major reason for quitting was so silly that it sounds like a joke to me. He needed a business to do so he can make thrice his investments within six months and he went into Forex as an entire Novice. He wanted to learn everything within one month and start investing. Well he did as much he could learn but lost his first three trades in series. When he tries discouraging people, I will simply tell him his impatience kicked him out.Well, I'm one of the impatient traders and I'm not regretting because most of the time it has helpe me attain more profits, also like I said before, since I am impatient that is the more reason why I went for the scalping trading style. All kind of people can suvive in Forex trading hence knowledge is been acquired.
That is just right, forex is not for everyone. I know some impulsive people in my life that will lose miserably at the hand of forex. They can't even play a blackjack game and win it let alone forex. And forex is so much harder than blackjack so the gamblers mentality can't do forex at all. They will scalp without reading a word about forex. My mom sure can't do no forex cause she doesn't like risk taking so people who do not like risk taking can't do forex.Not everyone can do the trading in the forex. for one we need a lot of money and second we have to also consider that we have some decent strategies such that we are not going to be losing the money. if these two things are being taken care of then there is no issue.
Well, I'm happy you got the better side of it but the much traders I know who are no longer in the business are impatient. One, his major reason for quitting was so silly that it sounds like a joke to me. He needed a business to do so he can make thrice his investments within six months and he went into Forex as an entire Novice. He wanted to learn everything within one month and start investing. Well he did as much he could learn but lost his first three trades in series. When he tries discouraging people, I will simply tell him his impatience kicked him out.
That is just right, forex is not for everyone. I know some impulsive people in my life that will lose miserably at the hand of forex. They can't even play a blackjack game and win it let alone forex. And forex is so much harder than blackjack so the gamblers mentality can't do forex at all. They will scalp without reading a word about forex. My mom sure can't do no forex cause she doesn't like risk taking so people who do not like risk taking can't do forex.
Its funny but there are so many gamblers mentality out there. They gamble so much and they will not care to learn. I saw this one player who lost like one grand at the blackjack table and then he pull out another grand and lost it all and then pull out some more and he will not leave, teh same can happen in forex and that is how some people should not do forex. I mean if you are so bad at not being able to win over a game then why continue to pull out more money. You just don't know how to do it. So, its like in forex, they can do revenge trades and then lose even more, so very dangerous personality that should not do forex.
Most times, it is that anxiety and curiosity to always aim for the better or the 'I must win' syndrome. That is why I feel that that which makes a Forecast trader is not just ho's skills of trading but also his ability to manage himself. Forex is not a win win business and the better way to tackle it is to understand when there is need for you to take some break off it.
Every trader can lose at anytime; however, the matter is letting profit run and achieving long-term success, and therefore traders don't need to care about losses (if it can be limited).There are some losses in forex even to the best trader with many skills. Maybe you forgot to set stop loss while you went to sleep or you trade during bad news days, and the market just behave in unpredictable ways that cause you to lose but it doesn't mean that you will lose all the time or win all the time. The best trader will have bad trades and bad days just as much as good days and good trades. The market has good times and bad times.
and that is why we must accept that even we loss we can back once more, actually forex is an open business so that is why anyone can do forex, but to make profit in forex is not all traders can do, because while forex is an open market it also a speculative market.There are some losses in forex even to the best trader with many skills. Maybe you forgot to set stop loss while you went to sleep or you trade during bad news days, and the market just behave in unpredictable ways that cause you to lose but it doesn't mean that you will lose all the time or win all the time. The best trader will have bad trades and bad days just as much as good days and good trades. The market has good times and bad times.
In my point to view that experience is main base for getting huge earn money and learn basic knowledge from Forex. people can do everything. if people can go to the moon so they should earn huge some of money from income. you should need some of basic knowledge about this sector. Forex is here to earn money easily. so every people do this business