Risk Capital you can afford to lose.
There is no greater advice that we can share that will protect you from yourself than this . Trading Forex should only be done with risk capital . So many variables that can impact your account are simply unpredictable. Second to this is “do not trade without competency.”
Trading can be a path to a rewarding and highly profitable career. We will not waiver from that statement . However just as a brain surgeon does not earn until many years of training and study present that person as qualified….
A lawyer does not earn until many years of study and …
An accountant does not earn until they pass a CPA exam and …
A professional athlete does not earn without a lifetime of practice and success from practice and study of their craft.
I challenge you to present one high paying career that you can enter without extensive commitment to practice and study.
Why would any person believe that a career trading would be unique to the rule? I can offer some things to consider.
There are a lot of trading sites that appeal to the very emotions that are disaster for a trader greed and fear. We have numerous articles here that caution persons to get those emotions controlled .
Our nation is attracted to instant gratification. Phones , messages, articles , and solutions all need to be instantly beneficial . I do not fault people if they chose to try to find that magic bullet . But please know this … our Forex industry has a huge graveyard of traders whose capital was traded without capability, or a plan , or traders edge.
There is much to learn and time is in your side . Demo accounts can be handled and used for years . Strategies can be tried to find one that fits . Trading groups are available with good traders willing to help you on your journey.
The reality paths of creating a successful career as a currency trader areessentially the same as other high paying careers. Years of study and practice are required.
