#OPINIONLEADER#Forex is a hard market. Some people have made a huge amount but many traders do not become profitable. To trade forex you must have a close working knowledge of macro economics and geopolitical plans.
- Know the various economic data releases like when a central bank has a speech or the fed meets etc.
- To avoid losing money you would study for five years and trade a demo account to reach consistency, before using real money.
- Do not study from YouTube, they are all losers who cannot trade and need you to click a link or just watch their videos so they get paid. All those guys on YouTube made their money from YouTube not trading. And that’s the bottom line.
- Go to the library, read the Goldman Sachs reading list and ask for reading lists from colleges and business schools.
Anyway, absorb as much info as you can. Always use a stop loss. Have a happy day trading guys!
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