knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice , so besides acquiring good knowledge its more appropriate to emphasis on practice session.
Please take a look around, and feel free to .
Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.Greed destroys the trading career. Many traders lose their investment due to excessive greed. Trading with long time targets can save you from losses. I target 2000 pips a year. According to Money Management, we can take trading up to this target.
True. I completely agree. Many traders waste time to searching Holy Grails strategy or indicator.Only Holy Grails is skills and experience. One needs to be very much skilled in analysis and mind control. Otherwise it's not possible to make money here.
True. Gambling is not the proper place in forex market. Traders need a profitable strategy to success in the market.Forex market offers great opportunity but unfortunately most people can not materialize the opportunity due to lack of knowledge and skills. They treat it just like gambling. As a result they can't make consistent money.
Yes, By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money.True. Gambling is not the proper place in forex market. Traders need a profitable strategy to success in the market.
Learning never ends. There's always a scope to improve knowledge and skills. With changing market we constantly need to enhance our skills. Otherwise we will be kicked out from the market.First step for beginners is learning their all concentration should remain on earning even if they are doing real trading. I will recommend micro accounts where their loss will less and learning will valuable with real trading.