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Abstract:Congratulations! You've read the entire School of WikiFX, and now you have all you need to rule the forex market, retire in a year or two, and travel the world in your Gulfstream G700TM jet, right?
Congratulations! You've read the entire School of WikiFX, and now you have all you need to rule the forex market, retire in a year or two, and travel the world in your Gulfstream G700TM jet, right?
I'm still a complete newbie!
Sorry to break your bubble, but you've only scratched the surface of the subject.
We're not going to lie to you: it's not going to be easy. We warned you ahead of time that it would be difficult.
If you're a newbie who just finished school, you'll almost certainly be terrible at trading.
That's fine, though. There is no such thing as an instant expert currency trader, unlike noodles. Anything worth learning thoroughly
That's why quick noodles are so unpleasant to eat.
Trying out for the NBA right after reading “Basketball for Dummies” would be like trying out for the NBA right after reading “Basketball for Dummies.”
You'd almost certainly be outwitted, outhustled, outmuscled, and outmanoeuvred. You simply lack the necessary abilities and mental/physical conditioning to compete with the pros.
The financial markets are in the same boat.
The world of trading is fast-paced and complicated. It's dominated by geniuses with Ivy League degrees and MBAs, vast sums of money, and all the technical gadgets money can buy.
You must be prepared to dive in and grapple with the greatest sharks when you enter the forex trading world.
They also enjoy feasting on noobs.
Are you one of them?
We want to make sure you understand that, while you should enjoy yourself in all you do, forex trading is a serious profession that you must treat as such.
With all of that stated, anyone who is passionate about understanding this company and is willing to put in the effort has a chance to get a small piece of a very large pie and then some.
Yes, you can do it, but before you get started on your forex trading journey, here are a few lessons we've learnt that will help you get started on the right foot.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
These champions have one thing in common: they not only work their butts off, but they also enjoy what they do.
"Patience is the key to everything," American comic Arnold H. Glasgow once quipped. The chicken is gotten by hatching the egg rather than crushing it."
Ask any Wall Street quant (the highly nerdy math and physics PhDs who build complicated algorithmic trading techniques) why there isn't a "holy grail" indicator, approach, or system that generates revenues on a regular basis.
We've designed the School of WikiFX as simple and enjoyable as possible to help you learn and comprehend the fundamental tools and best practices used by forex traders all over the world, but keep in mind that a tool or strategy is only as good as the person who uses it.