That's the reality! Once I was a new Forex trader afterward I was using the exact same ambition! Now, I understand the reality of Forex! This is why, now I am very much pleased with my 5% monthly return.
That's the reality! Once I was a new Forex trader afterward I was using the exact same ambition! Now, I understand the reality of Forex! This is why, now I am very much pleased with my 5% monthly return.
I believe that the straight up unethical advertising a few (a lot of) Forex brokers use also does not help things at all. That advertising promises fast and easy profits to inexperienced people. At times the people in question might even be innocent, generally, but their lack of experience and their ignorance lead to losses until they stop or get wiser in their trading.
I believe people refer to trading as hard is because it takes so much time to know to do it correctly. It is not a skill you can pick up quickly and go to turn a profit. The learning method is long, it takes quite a lot of effort and likely one loses money in the mean time. So people see trading as difficult.
Trading isn't hard, It requires time like everything else. You must get your ass up first in the morning, choose your dump, possess a fucking shave and shower, sit your ass down and watch the charts for hours. Throw your God damn indiors in the bin..learn to determine price action as second nature..if you cant do that yet dont try and do anything else.
Sit your ass down quietly on a seat and observe price action.
I teached 2 people how to exchange: my wife and also a buddy. . My wife its about the transition to exchange full time now and my buddy does well too (no trading right now but for other reasons)
1 month teaching them how to do it, another month in presentation and then they moved LIVE; BTW my wife kick ass using WTI, USD/CAD, AUD/CAD and my buddy have a great accuracy for entrys in Currency Market ( even better than me lol)
the main problem its the best way to learn and what you read about trading on the internet and even with all the paid courses there are a ton of wrong/outdated theories STILL about and thats exactly what RECK your trading aproach and outcomes
That is correct, unfortunately, most traders are ineffective for a variety of reasons, be it lack of wisdom, or experience, or subject, or even all at once.
Trading isn't any easy procedure! It is about hard working and determination! That is the reason why, more than 90 percent Forex traders are not able to generate income by Forex trading! Incidentally, trading isn't hopeless but difficulty is, it takes such a long time to learn.
That's a great point. Learning how to trade well actually is like getting a college or university degree, it requires years of work and study and individuals must not underestimate it.