Project Manager at The Economic Times | Posted on
Yes, there are numerous platforms where you could easily trade in forex markets. Before jumping into the market, I would recommend you study forex trading and learn the fundamentals. Build a plan and have disciplined trading. Keep brushing up on your skills to make the right decision.
Considering the major failure rate, most players run away in the middle. Remember success and failures are part of a game. As any seasoned trader will know: at a certain point, your success has less to do with market knowledge and more with who you are as a trader. Trading emotions, discipline, and trading psychology become the main differentiators between failure and success.
Work hard, nobody was successful overnight. A lot of patience is required for forex trading.
Unlike stock markets, where even small investors can make some money, in forex trading you must invest in volumes to be able to earn some cash.
As a forex trader, you should be thinking like an astronaut: be as prepared as you can be, assume the worst, and don’t cut corners. If you persevere, it will lead you to make the right decisions, achieve consistency, and eventually make consistent profits in the forex market.
Here’s a snapshot of global currency movement
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