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i think forex is such types of business that is to a business of cool minded. so people are involving into this business day by day is increasing. they can get more money than their specific job. if this forex business has a very big risk for us to pass, and in general we all have to have a strong psychological as wellQuote:
Originally Posted by arslanazmat
I first started out, I didn't know how money management was even used. Once I thought i knew about the charts I would just jump right into it. Bad mistake because now I know that money managment is key to it. You have trade the same way
Forex is a cool minded business. I said that this site is very easy for any man. Any man work here if the man know about forum. I granted he will success in this forum. presence demanded patience, patience, consistency so that we do not fall in the abyss of bankruptcy because of the emotions that we can not watch and curb .....Quote:
Originally Posted by arslanazmat
most newbies are not patient enough to be able to wait for the right time in making decisions in the forex market and this always result into big loses and when such things happen they are always emotional about it and rather than look for better ways to rectify the problem they tend to make more mistakes in the market.
The newbies percentage of success is usually very low because not all newbies intend to even learn to get knowledge before they start trading, and even those who have gotten the necessary knowledge, fail to apply it correctly.
There are many newbies that are always a part of forex trading business. But a forex trader newbies should fail because they have less forex knowledge. We should always work hard for success.
The Forex trading business is a very difficult job for those traders who are newbie in this field as they do not have full knowledge and technical experience of the field. They also do not have a full idea about the trend of the market that in which direction, the market is going to move. So i will suggest the new traders to use the demo account for an optimum time period.
As you pointed out, this is one reason why it is good to focus on getting sufficient knowledge in trading before you should think of starting to trade. Because without it, newbies would still fail.Quote:
Originally Posted by ishvara
Newbie can't success in easy way and in short time. Many of them failed and get margin call. I think they just have 5% to get success in forex market. Many newbie end in much losses and bangkrupt
forex trading is never be an easy work for newbie because they have not good knowledge about that,that's why they not know in which way forex market will move,but if they continue their good learning then they can start getting good success..