I decided to write this squidoo lens because I have seen far too many people who are desperately trying to make money from forex trading , fail miserably , and I thought that maybe this could help some newbies who are coming onto the forex world for the first time thinking it's easily done.I recommend that we cast aside the dream about "financial freedom" first.Let's review the key factors as to why majority of the people did not fulfill this dream in the first place :Here are my analysis of the situation :
many people jump into this market without preparation.
most people will not even bother to educate themselves before investing , because they think this is an easy game.
There are far too many "gurus" out there who plain tell lies, and it's a sad fact that there are only a handful of people trying to trade forex using the power of the internet , who do actually make it a full time living.
Forex trading is not as simple as it sounds. It involves trading psychology - other than just technical and fundamental analysis. Trading psychology is where most people took for granted , and this is where most people fail ...
Forex trading needs skill. Skill comes only after sufficient practice with paper trading. Most people jump straight into live trading , and eventually suffer losses.
I decided to write this squidoo lens because I have seen far too many people who are desperately trying to make money from forex trading , fail miserably , and I thought that maybe this could help some newbies who are coming onto the forex world for the first time thinking it's easily done.I recommend that we cast aside the dream about "financial freedom" first.Let's review the key factors as to why majority of the people did not fulfill this dream in the first place :Here are my analysis of the situation :