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Hello Friends,
I have decided to open a discussion about forex trading whether it is an art which you have in your DNA.or skill which can be acquired by sheer practice.
This month I have completed one year on Dukascopy Community and it has been a good year for me. As per my experience I think forex trading is an art as well as it can be learned by some intense practice. This month I have participated in trader contest also and my equity is at 194000. I am participating in trader contest for more practice and to gain confidence. From the experience I come to know sometimes you cannot rely only on knowledge and you will need to act quickly as you get opportunity. Sometimes for the sake of fear you cannot open a trade as you have got stop losses triggered in a row. This affects psychology and for many days you remains in fear till the winning streak starts. Because of fear you close a position early when it is profit and you miss a large profit. Some people remain unaffected by the circumstances whatever happens for them trading is an art. But for some requires an intense practice to gain skills and to gain confidence.
Why trading cannot be a profession?
Trading does not guarantee a …
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Lovely_bee avatar
Lovely_bee 28 Nov.

Interesting opinion

Sebine avatar
Sebine 4 Dec.

Good article!

FXRabbit avatar
FXRabbit 4 Dec.

Congratulations to your 1 year anniversary in the Dukascopy Community! ^_^

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There is no doubt that Trading is unlike other professions. Even if you are highly educated (even post doctorate) that does not mean you will be successful. Even successful people in their respective profession are not successful in Trading. So what is the way out? First and foremost is to accept that Trading is different profession and it requires skillsets which is often not required in other profession. I will try to pinpoint those things in this article.
The Beginning
After the initial starting point of learning the trade environment platform and what to do, along with the additional theory regarding to the theory on strategies methodologies and currency behavior, trades are often faced with the idea of trying to take their learning and experience to a new level and take their knowledge to make some returns on the investment they had in the learning process. In Reality, Few of them are actually able to go through to the next level and be successful in real trading.
Knowledgeable with the trading process and eager to succeed, and strong urge with the desire to create wealth, Traders often have a strong believe in themselves and their abilities. Traders understand that facing…
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Julia_Zhulinskaya avatar

хорошо написано) просветила нас)))

sharpsense avatar
sharpsense 29 Jan.

interesting article

ImranMughal99 avatar

Nice and good Job

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isbar avatar
isbar 2 Feb.

good job

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