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Rich in forex is not easy to get rich in forex then we need a trading abilities,. With skills will allow us to trade with the utmost and for that reason, we have a lot of skills training using a demo account or to participate in the contest demonion. And also to rich with forex we need to patience
I believe that you will not be rich quickly. Be stable, slow, and coordinated. You are going to get rich.
I wished to donate to your post. I believe when they employed the terms patience and discipline, they are
talking about as inspiration to wait for your trading setup allow it to perform without panicking during normal fluctuations of the market (exiting early or widening your initial stop loss for example) and the area to follow your egy. That means in the event that you drop a few trades you are not attempting to search for another egy, as long as you have a positive expectancy of course. You're not likely to win all of them, but you can control your risk. This must be accepted by you.
Normally people's interest in the market comes from the desire to make money, so both are pretty interconnected in my opinion.
discipline. They are one the same. Spelt alittle different. Plus experience.
You gotta experience pain before profit.
Money makes money.
No guts no glory.
Combine all of the above with a winning egy Whalla
For the rich in FX, can not quickly. Rich in FX we need a very long procedure and patience. If we want to get rich in FX then we need to be able to invest our time to and studying trading
Ive been trading for about 3 years and I have just over $4000 in my account I Expect to get to $10000 by the end of the year so I think Foreign Exchange is quite slow it all depends on how much Cash you start with I think you need to Begin with a decent Quantity of money but I do think you can make heaps of Cash Should you stick with it
Hi,
so far as I know just 1% of the population becomes wealthy off investing. Perhaps lt;1% becomes wealthy quickly on investment.
Based on my experience trading demands area and risk management. You dont have to be expert on analysis/ fundamental analysis, but you have to master discipline and can stick to your risk management rules.
Ironically, the longer you intend to become rich quickly, the more you lose money.
I dont put my money on mutual funds - I pick and choose my own stocks. But if this is too much work/risky for you do couch potato investing (http://canadiancouchpotato.com/) and value averaging (http://www.investopedia.com/terms/v/value_averaging.asp). You will make average at 10%-12%/year.
It's possible to get rich quick with Currency Market however, you can also go broke quick(normally that is exactly what occurs)
Rules #1 trade the cash u are affordable to lose,
2 # individual
I know its easy to say but I've neglected these rules consistently.
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