Few people can not understand the market it is true, and that is why market is not made for them. If one want to be trader, he should have some skills which are needed as trader. Not every person can be trader, as market is risky.
There are so many common mistakes in traders, few traders are greedy, few are full of emotions, few are not having knowledge about Forex. It all depends on different trader how they face the problems and solve them too.
At begin, i think it was little difficult for me to adjust with this market but as time pass and i learn about Forex, i learn that it is not difficult at all.
I have not work with ECN brokers so i dont have any idea about them but as every body is posting here that they are good choice for starters then i would like to learn more about them.
For few rookie traders Forex can be dangerous. Traders who are really working hard on their analysis and strategy, they are going to minimize the risk value.
See not every one can manage both part time trading and job both at a time, because that way they neither can constraint on single work, as Forex needs more attention we have to spend time on it too.
Not every one can handle the risky stress of each trade, so after facing few stressful trade usually people move on to another work because they can not handle the risk and that is why they give up.
Funny one, true that life has so many dangerous things but we still does that without any fear. So as trading, we feel fear then we will fails surely but with strong mind and fearless feelings we can win it too.
Robots are made for every one but if one knows manual trading then why to depend on robots for their work. I think having single manual trade with proper analysis is far better then numbers of trades of a robot program.
Right, without any knowledge being part part of trading is always dangerous for your money and you might face loss too. It always advisable to trade with learning and practicing the right strategy.
Well said, success is a journey, and if you want to be part of this journey then you need to learn the basic to advance so that you can avoid your mistakes as many times as you trade, there is no short way to be rich, we have to struggle with our work for success.
Right, handling job and trading both is difficult and concentrate in both is also very hectic for few people but there are people who are doing it well until they move to either a job or a full time trader.
Robots may fails at some times but that depends on so many aspects, as we can not predict in manual trading with analysis same in robot trading we can see future when the robot is going to be fail, it is your choice what kind of work you want to do in Forex.
Right, as i said, not every person is made with same mind to trade with manual work in market. I know auto trading is not for long term because robots are always going to fail at some points. But trader can use it for few time then develop skills for manual work in that time duration.
When we choose broker for trading, we also look for broker's fund security and regulation, and i personally double check with so many forms and websites, then how it can scam so easily. There are less chances of scam, if we have done our research well.
So many mistakes are there for common list, one is feelings of our, emotions. If we can control our self then we can manage our work easily. Traders always learn the strategy for trading, but dont learn controlling our self while trading.
That is true, not every person is made for manual trading. For trading, specially for manual trading we need to have passion and craziness for our trading. If you really want to be here, you will try your best. Other wise excuses are always there.
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