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Education

An educated trader has a better chance of making consistent money and managing risk than an uneducated or inexperienced trader.
 
Education helps in developing analytical skills and in taking sound decisions that play a major role in trading. So, learning is a basic necessity to ensure better skills and ultimately more earnings.
 
Since trading is a skill that one needs to develop over time, it is needless to say how important it is to seek knowledge and educate yourself as a beginner. New traders often rush the learning process as they want to make quick profits. But one should take their time to learn properly before entering the forex market as a trader.
 
emotions is a main reasons why traders loss , due to this bad trading habit we the traders so many times fall a great trouble.
 
Forex trading is a lifelong endeavor. if you want to remain among the market's top traders. Continue to learn and improve yourself. This will assist you in becoming a better trader and making more money.
 
Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , overtrading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.
 
Basic forex education - analysis, risk management, etc., is needed to get started with trading. But learning has no end in trading. Have an open mind when you enter into this market. There is a lot to learn and those who survive can catch up with this knowledge.
 
Learning is constant in this market so traders can’t find a quick way out without spending time analysing and understanding the different conditions in the marketplace. Traders should solely rely on their skills and effort to make the goal they wish to achieve.
 
Since learning is an ongoing process in this market, traders need to adapt to the current market situations accordingly. Selecting the right time frame and applying good risk management strategies is part of the game towards winning. Skipping the learning phase and trading blindly will only lead to blown accounts.
 
practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
 
We are away from touching the milestone just because we are away from education. Reading e-books, watching video tutorials and taking lessons from our mistakes can be ways of education.
 
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