right now so many people think Forex is a money making place but its a professional business in practical. even though we have short term tendency about process but its should be long term approach.
i think there is no one who can avoid losses completely even despite of having good knowledge and experience. its an inevitable part of trading that we should accept it easily.
good knowledge and strategies all are really important to bring profit with certainly but if you dont have most accurate money management, all approach you have can be useless. so be careful.
honestly speaking, i have never seen anyone who already successful from this trading place as a part timer . i want to know from you guys which is more appropriate for trading? part timer or full timer ?
it depends on your trading plan and money management approach , if you can make it completely then there is a chance to bring profit by leverage, otherwise not.
honestly speaking i never seen a professional trader to trade with high leverage ratio even though they have lot of experience. generally beginners level do that bringing profit very rapidly.
high leverage contains high risk , i think there is no way to avoid , without losses but using high leverage there is any chances to bring good profit ratio at all ?
minimizing loss is a great skill that only experience traders can do. generally beginners when making a losses they trade over and over and ultimately fall a great trouble. its a issue which relates with emotions.
basic level of learning is most important for beginners level , but in practical life they always ignore learning approach, as a result they fall a great losses and ultimately blame this market place.
i think successful trader or experience trader its all about same , both have most powerful analyzing trade knowledge and they know how to manage money when trading.
yes , its very rare trading habit , because for earning profit consistently first of all you have to ensure good knowledge and long term experience which is also rare.
you fail to get my point , i tried to understand , despite of most powerful analyzing sometimes we the traders have to face losses , because sometimes our all prediction that comes from analysis not works in real account .
analyzing is important , its true but the main problem it not works completely . because there is no one who can real faction of this market with certainly.