| In my experience I saw so many people who | | | | you need to succeed in trading. |
| jump into trading currencies without proper | | | | Of course trading is not a rocket science and not |
| education. Just because it looks like you can earn | | | | a brain surgery. First it seems very easy. You |
| a lot of money easily it doesn't mean anyone can | | | | buy when price goes up and you sell when price |
| start trading and earn significant amount of | | | | goes down and you will make money. Seems |
| money without much effort. Anyone who starts | | | | very simple. And actually the rules of many |
| trading needs training. Can you imagine a brain | | | | trading systems are simple. Then why 95% of |
| surgeon who performs a surgery on your brain | | | | people lose money if it's that simple? The problem |
| without a proper education just because he thinks | | | | is their mindset. And it can be developed only |
| that this is very lucrative job and seems very | | | | through practice. |
| easy to perform? | | | | After I lost money in Forex I made myself to |
| Unfortunately I was such a trader who jumped | | | | practice on a regular schedule to increase my |
| into trading Forex without any knowledge of | | | | skills. By that time I had a very little knowledge of |
| market. The result was very predicable - I lost | | | | the charts, of the worldwide economy, or even |
| money. Only after that I started looking for | | | | about choosing a Forex dealer. I decided to |
| education. | | | | schedule my time on a daily and weekly basis to |
| What I learned from my experience was that I | | | | increase my skills. I also read a great amount of |
| needed to be accountable to myself. I understood | | | | material about trading and trading psychology. I |
| that my skills were not good enough to succeed | | | | practiced my trading skills on a demo account so I |
| in trading. | | | | wouldn't be risking any real money. |
| I think there are two kinds of people who start | | | | The results of this decision were amazing. It felt |
| trading Forex. Some people understand the | | | | like learning to ride a bicycle. First you don't know |
| importance of research and market study. These | | | | how to keep balance and your have no clue how |
| kinds of people put themselves through a proper | | | | others are doing it. You keep falling on your face. |
| education. Others are impatient to start trading | | | | But once something clicks inside you keeping the |
| immediately without even understanding the | | | | balance on a bicycle becomes an easy and simple |
| basics. | | | | task. Therefore a person who approaches trading |
| That's why I think there are actually two ways of | | | | thinking that he will be making easy money will be |
| learning to trade. First is to do the learning before | | | | very disappointed. Another one who applies the |
| one loses his money and the second way is to do | | | | effort and hard work to learn market and his |
| the learning after he loses money. But the | | | | psychology eventually will make the trading simple |
| important thing is to understand that the | | | | and easy task for himself. |
| knowledge of the market and economy is not all | | | | |