Disliked{quote} Try to understand the market and instruments that you want to trade. Start from the A of the alphabet and keep going until you reach Z. Let me give you some tips to start with. A) If you are trading a currency, let's say USD it basically means you have to understand what affects the price of USD. How is the current state of American economy, and what is the relationship between the economy and the value of it's currency. B) Try to make a detailed research about how the professionals trade. How do people become pro licensed traders, hedge...Ignored
A) If you are trading a currency, let's say USD it basically means you have to understand what affects the price of USD. How is the current state of American economy, and what is the relationship between the economy and the value of it's currency.
B) Try to make a detailed research about how the professionals trade. How do people become pro licensed traders, hedge fund and asset managers at JPMorgan, Goldman Sachs, Citibank, Deutsche Bank. How they are trained, educated and how they are working? They are trading based on what?
C) Trading is a business like any other and it's a very hard business. It's not a get rich quick thing. Trading is hard because in order to make money for decades consistently you need to understand economics, geopolitics, instrument classes and how do they behave because each currency have their differences etc
I Like A + B + C
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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