investment is very dedicated issue in Forex trading , traders should invest in there with good calculation , otherwise it could be a worst part of trading.
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Investemnt in Forex
- Thread starter Svetlana Loboda
- Start date
Learning alone won’t help you. You will have to determine how to make use of your knowledge in the market. Demo trading can help you overcome this barrier by letting you practice on a simulator.
The problem with trading is that there is no formalized training for it, and most traders are either self taught somehow or coached by a company with a trading desk. Companies strictly select candidates and get rid of slow ones pretty quick, so you have to have a knack for trading to survive there.
Someone at another forum made an interesting remark. As an example, doctors spend between $250k and $500k on their education, and it also takes many years. If you could spend this amount of money and time on trading you would probably do very, very well. Never mind your personality, upbringing, abuse in childhood or fear of rejection, you would become a consistently profitable trader. It's no different from a sport: hire a personal coach and spend six hour training - in five years you will be a serious level athlete.
There is no shortage of trading educators, but for me the most important question always is: why would you teach trading if you can do it yourself? Sure, some want to help struggling fellow traders, and I have great respect for people like Tom Hougaard, for example. Some Youtubers charge a small fee for live streams of live trading. The reality is though, that trading is hard and unpredictable, and selling courses allows for more consistent income. How good the quality of those is is the question.
what you think there is no difference between money and risk management ? its same issue ?