Yes it depends on learners. Everybody has a different learning capabilities. Also it varies from subject to subject. But the fact is it takes time to be skilled enough to make money consistently.
Exotic pairs moves a lot. For newbies it's not a good idea to trade exotic pair. With lot of experiment you have to find out what pair suits you. Not everyone likes same pair.
It is great choice if you don't search for shortcuts. It requires years to become proficient. But most of novices are in rush and because of this they wind up losing money. It is a really common situation in foreign exchange market. Have patience and research.
News trading is one of the major reasons a lot of traders are losing cash for a long time period. They take a rest and invest cash and again lose it. News like interest rate can alter the market management. NFP also moves the marketplace a great level. To learn about news you need to be aware of...
It depends on everyone's financial condition. If you need income to pay your bills, you should give more time for getting a job. Along with job you can give time to learn the art of trading.
Attachment is emotions. In forex trading you have to logical. There is no place for emotions. Emotional decision brings catastrpobe. Learn more about trading psychology to deal with emotion.
It is the consistency which brings success. Almost all the traders can make random profitable trades. Nevertheless, the real challenge is being consistent. It requires research and study.
Over-trading is one of the reasons people lose money in the market. It's the emotions. They can not control themselves from opening unnecessary trades. Every trader should work on it.
Don't watch market all the time. That's not trading that's addiction. You do not need to watch the market all the time. A total of 4 ot 5 hours is enough for trading. From the beginning one needs to develop all the good habits of trading.
Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will power. You should choose the career that you...
Revenge trading is for the most part determined by the dread of being off-base. It's typically when a trader, originating from an especially baffling misfortune, chooses to compensate for it by being more forceful in his/her next trades. It's the worst thing one trader can do. If you loss any...
News trading is one of the major reasons a lot of traders are losing cash for a long time period. They take a rest and invest cash and again lose it. News like interest rate can alter the market management. NFP also moves the marketplace a great level. To learn about news you need to be aware of...
Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you...
If we talk about technical aspects every pair has its own reasons to move. Sometimes same strategy works on different pairs but not all the time. But we try to use all the time. That's a mistake.
Emotions are the worst enemy to traders. And we are emotional being. We have joy, fear and greed. When we make a good profit we become over joyous and when we make loss we become fearful. Sometimes we open a trade out of greed. All these emotions are in our DNA. With careful thinking we can...
Revenge trading is for the most part determined by the dread of being off-base. It's typically when a trader, originating from an especially baffling misfortune, chooses to compensate for it by being more forceful in his/her next trades. It's the worst thing one trader can do. If you loss any...
There are many advantages in trading forex. With merely internet connection and PC you can do the trading from your bed. From the Monday morning opening in Australia to the night close in New York, the forex market never rests. In forex trading, a little deposit you can start trading. Leverage...
Money management is the most important thing in forex trading. Good managment with an average strategy making profit is possible. But poor money management with best strategy resulting in loss. A good trader is a well money management follower. I personally do not use more than 2% of my capital...
It is very important that for learning you should spend a reasonable time. You can't be a good trader without putting enough time and efforts. Trading is all about being knowledgeable and skilled. There is no other secret. So everyone should focus on developing skills.