The truth is so bitter! If you still think that trading is like what you see in Hollywood movies, full of joy, excitement and astronomical benefits, do not read this article because the beautiful world you have imagined for yourself will probably collapse. But if you look at trading as a job, be sure to read the whole article carefully. Well, let’s get to the point…
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The first fact is that in order to make money, you must have money
This is a proverb that may have a more apparent meaning in English (You need money to make money). In other words, get out of the idea of earning a few million dollars by the end of the year by recharging your account to $ 100. Forex is not a place to dream and Forex brokers have a special dream for the dreamers!
Instead, think of these as actions that you must take on a regular basis. For example, the number that our experienced customers usually consider is 5 to 8% profit per month. In other words, a profit of 1.5 to 2 percent per week, which is a very reasonable amount. So in order to make a lot of money, you need to invest a lot of money! Consider the following examples:
- In order for you to have a monthly income of 8 million Tomans, you must have invested 100 million Tomans.
- In order for you to have a monthly income of 40 million Tomans, you must have invested 500 million Tomans.
- In order for you to have a monthly income of 100 million Tomans, you must have invested one billion, two hundred and fifty million Tomans.
Fact 2: There are several ways to make a profit
Warren Buffett, the world’s richest investor, has made all his fortune trading through fundamental analysis.
Ed Seykota, one of the best traders in the world, trades and makes a profit only through technical analysis.
Mark Minervini is one of the magic stocks of the stock market, known for its simultaneous use of technical analysis and fundamental analysis.
What is the main point of mentioning these examples? Everyone should choose their trading method according to their intelligence, personality, lifestyle, daily planning and taste. There is a unique trading method for each person in the world. Browse and choose the one that is most suitable for you by experimenting with different methods.
The third fact is that trading requires hard work
If your mental image of trading, licking the seafront is eating Pinacolada, forget it altogether. These are the images that the greats of the industry create to attract you to the market and then seize your capital.
Instead, divert your thinking to good things in life. A successful trader always follows in his trading plan, is very orderly in terms of time and has a very accurate sleep and wake time, knows when and why to enter the trade and….
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