​Don't Dedicate Good Times to Trading

WikiFX Strategy (29 Jan.) - The forex market is appealing to many people, especially the youth, for the high degree of flexibility and unlimited possibilities. The first easy gains will delude some into believing they wield it. Mistaking luck for skills is a poison for trading.

While making money by chance is an easy thing, investors will find it hard to earn profits all the time. It will take three to five years to build up a stable money-making strategy, during which you have to keep learning, repeat the trial-and-error process, and endure losses.

Will the problem be solved after five years？ No. Because you're at the age of raising a family, and most of your savings will be used for tuition. The suddenly increased financial pressure will force you to make heavy investments, rendering the hard-build strategy useless.

With that said, young people are advised not to dedicate themselves to trading at their golden age. Otherwise, you can only shed tears alone when others are riding on the crest of success.

How to get rid of the winding course？

1. To arm yourself with knowledge and take your job seriously. By this way, you can have more options even finding the trading not acceptable in the future.

2. To invest in moderation and never take out a loan. The funds invested should be no more than 30% of your net worth.

3. To study indices rather than read papers only. Traders should learn to stay in awe of the market.

4. To keep learning from your failures.

Trading is just a small part of your great youth. Don't let it dominate your life.

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