That is true, practice and patience can improve our skills but being serious about your work is also important. If you are not mature enough to handle the market risk then what you are going to do here.
You have said this every time. But what are the main objective of your work, how you are going to deal with the market? If your management plan goes wrong what you are going to do after that.
There is no assured of making money in any business and getting profit every time but then also we try our luck so that we can make a profit. Forex is also the same and traders try their strategy.
Using your own mind and trading strategy is the best way to trade here because you may never know what signal can wash your account without any reason. And the third party will say it was you fault that you have not follow the management rules of Forex.
That is true, most of the signal provider are having this issue that they force us to use their selected broker so that they can also earn good commission from it. But why to use signal provider, use your mind, you will get a better result.
Right, every trader is having the same feeling about market and trading. They are here just because to earn money and nothing else, that is the reason why people think that Forex is money machine.
Right, news time the market ia having a high movement and that is the reason why traders like to trade on news or avoid to trade market because they can not handle the money with risk of it.
Forex is risky work, if we can not control our trading then how we can expect that a robot, a written program is going to earn us money and going to give us a profit for nothing.
A market is always having its own mood of moving and that is th reason of failing so many traders. What ever we try to help them, they are always going to run behind the money and profit only.
There are many traders in a market who are working as gambler of this market and thinking that this way they can earn more profit than other methods of analysis. Which is not true for every condition.
The forex market has so many robots which are free to work for you and sometimes they also earned to you. But the fact is, depending on robot for your money is not safe. One day that robot is going to fail as a market is not predictable and robots are a just written program.
It is good to hear that you are an independent trader in a market not having any extra income. Loss is part of this business and we have to face it at begin.
It depends on the trader to a trader that how he can manage his work in trading. Few can do Forex better than any other and few are excellent with Binary Options.
Forex can be your main source of income but for that, you have to get experience and knowledge of the market. Then only you can depend on Forex for a living. It takes time to be successful here but not impossible.
News trading is risky because the movement of a market in news time are high and no one knows that when the market can take a high jump in any direction.