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| Stting duck! |
Based on personal experience, I can classify the stages of the forex traders into three:
- Easy to Fall
- Fighter
- Standing up
Generally, the forex traders would have to undergo three stages of the above sequence.
Stage: Easy To Fall
Here, a forex trader is a novice. Never entered into this world before, but have an affinity for the "plunge" into the forex investment. Because it is still a beginner, knowledge is still minimal. Often, only armed with little technical information, they have dared to do trading. As a result, they rely more on luck than a factor of technical knowledge, which is actually more involved.
Early-early trading, they may achieve capital gains, but over time - because they feel "advanced" so underestimate the forex world - begin to experience loss after loss and capital gains obtained previously gone without a trace.
Believe me, I know!
For the reasons above, for those of you who understand that you're still a beginner here, it's good for you to understand some basic techniques of forex trading.
So, if you currently have just joined the world of forex, then you are in a stage of Easy To Fall. Some technical knowledge you must know is:
- Forex Introduction
- Investment Risk
- Online Trading in Forex
- Quotation and how to understand price
(Cont'd) ...
