Let’s ask this question in a bit different way: is it real to earn money on the Forex market if you do have an economic education? There is a very widespread opinion that any player on the Forex market must have:
* higher economic education;
* fundamental knowledge of the probability theory and higher mathematics;
* excellent computer skills;
* deep knowledge on the word economy;
* distinguished analytical skills and logical thinking;
* perfect skills in the technical and fundamental analysis.
Of course, all the listed merit can contribute to a trader’s success on the Forex market. But it is not a must for a trader to have the special education and all those knowledge for a trader. Moreover, the practice shows that these merit often damage a trader preventing him/her to earn money on the Forex market, as the trader can be too self-confident and this can prevent the trader to make right decisions.
Every amateur trader can achieve a professional level. But a trader has to perfect his/her knowledge and skills, and volitional traits; and it may take years of hard work to achieve this goal, and the trader will become a successful professional.
As for the special education, the practice often shows us the cases when a great economy specialist reads professional lectures on economic subjects, but doesn’t use his/her knowledge on practice at all. The reason is that as a rule knowledge do not influence on the behavior of a person, and the person’s behavior is not formed from the knowledge the person has, but on the base of habits, stereotypes, life skills and experience of a person.
That’s why we can admit, that books (book about the Forex market) and lectures are not the most effective mean to change the humans nature. Different life situations, that make the participant to feel strong emotions about the happening, influence on the person. But if the person is not a participant of some situations, for example, when the person reads these situations in books or listens to a lecturer, this doesn’t influence on the person’s behavior at all.
There is one more trait that can really help to a beginning trader to gt success and to give a “yes” answer to the question “If it is real to earn on the Forex market?” — this trait is the confidence in your own knowledge and skills. As a rule, a person is self-confident, if everything is going very well in his/her life and businesses, but as soon s some problems appear, the person is losing self-confidence; problems undermine it as previous successes make it stronger. You also have to understand that you need self-confidence at the periods of losses, and self-confidence, which is based on success, can let you down at the most important moment.
As in every other sphere of our life Forex needs some education.
Surely, one can start forex investment and get quite successful in it. However sooner or later the losses will come. This is when one might think “Why did I fail to start with a good forex trading education?”
That does not mean that after reading even the top materials you will start closing trading positions with huge income, but this info will save you from many dangers. And even if you decide to get the assistance of a managed forex account service, still you will be able to make a much wiser decision.
And some general tips – today the online technologies give you a really unique chance to choose exactly what you need for the best price on the market. Funny, but most of the people don’t use this opportunity. In real life it means that you should use all the tools of today to get the information that you need.
Search Google or other search engines. Visit social networks and check the accounts that are relevant to your topic. Go to the niche forums and participate in the discussion. All this will help you to build up a true vision of this market. Thus, giving you a real opportunity to make a wise and nicely balanced decision.
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