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We shouldn't care about how much money we make, but rather how percent profit we gain. Huge profit doesn't necessarily mean trader is professional, because he/she may be lucky guy. I'd rather focus on steady profit more huge profit.
yes you are right there is an opportunity to grow small capital become bigger one, but the point sill bigger capital will easily chance for earn huge profit while small capita need more times to grow first become more bigger capital to be able to earn huge profitit is not so right while using small capital can make us gain huge profit too if wr doing it in correct way, i mean it... if we can make profit steadily from small capital we can collect it and grew our capital while we may increase our trading volume side by side with the capital grow
I think that hard work is the most important thing. If you don't forget to do your work I am very sure you would become a successful trader. But sometimes, it is very hard not to think of money right away
I believe a lot in the idea of; gain the skills and the money will come. The concept of Forex is mainly to trade in major foreign currencies and make some profits out of it depending on how favourable the market is and how good you were able to analyze. Making huge profit is only profit when you must have gained these skills to fit in best in Forex.
At times on gaining the skills there are market conditions which are beyond ones control. In addition, when you are wanting or having a target on huge profits there are things to be tabled out and done so as the aim will not be a realistic one. First I think there should be enough capital for the task and a very well conducted analysis.
Luck is not always there in Forex and doesn't always come when it is expected. To me, if you posses the technical know how and has a large initial capital to back it up, huge profit is realistic but it shouldn't your sole aim for trading because emotions and those high expectations has a way of working ill on you.
Yes, that is what makes Forex highly uncertain and a business of probabilities and tendencies. Most times, the market tilts towards an unfavourable condition and there is absolutely nothing one can do about it since it is beyond our control but then, with adequate skills, you can properly analyse and predict the market conditions, though without certainty. Huge capital is essential but useless without a very well conducted analysis as you said.
Before we can think of earning huge profits there are things that will really need to count and first that is the knowledge capacity we have and secondly thats the amount of capital we will be trading with because when we have sufficient capital, the risk is been minimized because we wouldn't go for leverage.
Exactly, winning huge profits is something that comes as a result of our hard work and in Forex, it is something that takes time to materialize. Of course, if we acquire enough skills, we will be able to develop strategies good enough to enable us earn some good profits
Knowledge is always the key. it is that which differentiates you from the crowd. That more than 80% of Forex traders fail doesn't mean that the less than 20% have two heads. They are still humans as we are but they posses that which we do not.Agreed and as said knowledge and skills counts more better regarding making huge profits because when we've gat the knowledge and skills then we can possibly make good profits out of little capitals so therefore we should focus more on knowledge though have to value too the total capital being used.