Let's pay attention to the psychological aspects. This work is primarily intended for strong intellect and mentally balanced individuals. This activity is risky, but during this time the work does not limit your financial success.
If you want to become financially independent by working on the Internet, then the Forex market is actually the best thing to do. However, despite the ideality of this market, it is worth figuring out if you fit the job.
What is the true truth about Forex?
What is the true truth about Forex?
Forex trading
The real truth about Forex is that not 100% of all the times a strategy, even if it is profitable, will lead you to make a solid profit. In other words, even if it is in your power to forecast the market, it still does not mean anything that you understand how to invest in it. The psychology of making money on Forex is also very important. Because Forex trading is a work on the Internet, and, in practice, you earn money being in a comfortable armchair, near the fireplace and with a cup of coffee - this is quite relaxing.
You have noticed this consistency: the result from training in the gym is much higher than from training at home. Self-control is what matters here. In a personal business, which is investment in the foreign exchange market, you will need to manage yourself on your own, which is actually a joy, but also much more difficult than obeying someone else's instructions. In addition, it is not easy to manage your personal work schedule, emotional state on your own, and to establish the amount of effort being made.
Different opinions about Forex.
You have noticed this consistency: the result from training in the gym is much higher than from training at home. Self-control is what matters here. In a personal business, which is investment in the foreign exchange market, you will need to manage yourself on your own, which is actually a joy, but also much more difficult than obeying someone else's instructions. In addition, it is not easy to manage your personal work schedule, emotional state on your own, and to establish the amount of effort being made.
Different opinions about Forex.
The views on the Forex market are very different from those of beginners (who have worked in it for almost a year), and those people who have long been a pro in investing.
For debutants, Forex trading seems like a tempting process that can quickly and easily generate profits, but it is not. Experts usually say that working in the foreign exchange market, if you want to make it your main source of profit, is not a game.
For debutants, Forex trading seems like a tempting process that can quickly and easily generate profits, but it is not. Experts usually say that working in the foreign exchange market, if you want to make it your main source of profit, is not a game.
After a while, each investor begins to understand that the stability of profitability is more significant than the relative increase in the deposit. At this time, participation in Forex turns into work, and the investor receives a "new title". Enormous restructuring of the strategy and psychology of the individual took place.
What character traits are required to work on Forex?
What character traits are required to work on Forex?
Working in the foreign exchange market is a process, in principle, suitable for people of various professions. And each of these personalities chooses his own path. But not everyone can handle the day-to-day trading, and the market breaks down many people emotionally. Forex trading requires a lot of emotional stress from the individual.
The first is not to succumb to stress and you must have an almost iron character.
The second character trait is the ability to defend personal expectations and be confident in your decisions. Many times, I think, many have observed a case when an investor, at moments of strong market fluctuations, changes his (already well-thought-out) decisions, begins to get lost, change the price of orders, panic, and recoup after the first mistake. Working on Forex is for individuals with an iron will.
The third is rationality. You must be able to make instant rational decisions in difficult critical situations and forget what it is to make decisions based on emotions. It is required to know that all acceptable options must be calculated to the smallest detail, and, it would be good, even written down even before trading and opening positions. If you don't have such character traits, it's not scary. You can develop them with the help of long and hard work on yourself.
The first is not to succumb to stress and you must have an almost iron character.
The second character trait is the ability to defend personal expectations and be confident in your decisions. Many times, I think, many have observed a case when an investor, at moments of strong market fluctuations, changes his (already well-thought-out) decisions, begins to get lost, change the price of orders, panic, and recoup after the first mistake. Working on Forex is for individuals with an iron will.
The third is rationality. You must be able to make instant rational decisions in difficult critical situations and forget what it is to make decisions based on emotions. It is required to know that all acceptable options must be calculated to the smallest detail, and, it would be good, even written down even before trading and opening positions. If you don't have such character traits, it's not scary. You can develop them with the help of long and hard work on yourself.
Report
My comments