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What is stopping beginners from making a consistent, long term income from trading Forex
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[QUOTE="Rookery, post: 239955, member: 73848"] A lot of things, let's unpack this question a little. The first few things are: 1. A lack of understanding of the system: since you’re a beginner, you don’t exactly know how the market works, and because of that, you’ll make a lot of mistakes initially, especially if you did little to no research about the market and just waltzed into it expecting to make millions overnight. 2. No proper strategy: again, this comes from a lack of understanding of the system, causing you to be unable to know how to predict the market and accordingly analyse it and plan ahead. 3. No knowledge of how much to invest: I cannot stress this enough, start with a demo account, then move on to the real market. Otherwise you’ll lose more money than you would ever want to. [/QUOTE]
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What is stopping beginners from making a consistent, long term income from trading Forex
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