From the last few posts it seems the magic word isn't realy success, but "learning" and "interest" which i agree will build into success like a pyramid...

Ofcourse it helps if there is someone to help you decyphr some of the jargon and codes of Forex in the beginning

 

Originally posted by ijazimran

No, the forex trading is not for all person but the real thing is that every person who have the ablity to trade in the forex trading business and for those person who can give proper time for understanding the trading business.

 

I agree, this business will not suits with all people. Many people dont like high risk business, they will prefer to have a low risk business. Forex is high risk business, not all people will like this business. So i agree that forex trading is not for all people.

I disagree, while risk is something you wont be able to escape from, if you do your analysis and research before hand with an applicable trading system the risk is managed. 

"No Risk No Gain," an occupation with no risk does not exist (even students have a risk of failing if he/she does not do some work).. otherwise everyone would do it!   

Originally posted by 4nt5

From the last few posts it seems the magic word isn't realy success, but "learning" and "interest" which i agree will build into success like a pyramid...

Ofcourse it helps if there is someone to help you decyphr some of the jargon and codes of Forex in the beginning

 

When you actually have interest, of course, you will work hard to learn, to satisfy your cravings because you are interested. In the long run, you will succeed. Jargond and codes, well, you can do research about them. You can also ask other traders information about those things.

Originally posted by istiakahmed

is educated person and un educated person both work in forex trading?My friends tell me that there are some problem increase for the uneducated people.
 Is it true or not??

 

I believe forex is for all who are interested.But such person needs to educate himself about forex this is where the educate and uneducated enters.There is a higher possibility of loss to the person without proper/enough knowledge about forex trading than with the person who patiently educate himself.

Originally posted by graceb

Originally posted by istiakahmed

is educated person and un educated person both work in forex trading?My friends tell me that there are some problem increase for the uneducated people.

 Is it true or not??

 I believe forex is for all who are interested.But such person needs to educate himself about forex this is where the educate and uneducated enters.There is a higher possibility of loss to the person without proper/enough knowledge about forex trading than with the person who patiently educate himself.

Sufficient Forex education, proper training and good timing are the keys to be a successful trader. But of course, its a process. Sometime it might take us long to fully understand this process.

[quote]Originally posted by rrayne20009

Your right,i come across with some people who just entered forex trading without involving thereself with sufficient knowledge about forex which resulted to a loss of their money and at the same time lost their interest in forex.So i agree forex is foreveryone but not all have the passion on forex.

Originally posted by Gerski

[quote]Originally posted by rrayne20009

 

In my opinion,Forex is survival of the fittest.Actually anyone can join but not everybody will succeed.If you have the will and passion to learn forex trading,then there is high possibilty that you'll succeed.

Anyway,learning forex became easier today with the emergence of internet.There is abundance of learning materials you can access like tutorial videos,sites that offer forex education and forums which are rich in knowledge and tips from experienced traders.It is just up to you how you maximize these stuffs in your learning process.

 

 

[/quote

 

Your right,i come across with some people who just entered forex trading without involving thereself with sufficient knowledge about forex which resulted to a loss of their money and at the same time lost their interest in forex.So i agree forex is foreveryone but not all have the passion on forex.

 

To help those fresh starter too. I would like to share the School of Forex that I saw online. Here I read many useful information about Forex trading. There is also this portion for beginner. You can find it here http://www.gdmfx.com/hermes-academy/ .

Originally posted by Gerski

[quote]Originally posted by rrayne20009

 

In my opinion,Forex is survival of the fittest.Actually anyone can join but not everybody will succeed.If you have the will and passion to learn forex trading,then there is high possibilty that you'll succeed.

Anyway,learning forex became easier today with the emergence of internet.There is abundance of learning materials you can access like tutorial videos,sites that offer forex education and forums which are rich in knowledge and tips from experienced traders.It is just up to you how you maximize these stuffs in your learning process.

 

 

[/quote

 

Your right,i come across with some people who just entered forex trading without involving thereself with sufficient knowledge about forex which resulted to a loss of their money and at the same time lost their interest in forex.So i agree forex is foreveryone but not all have the passion on forex.

 

To help those fresh starter too. I would like to share the School of Forex that I saw online. Here I read many useful information about Forex trading. There is also this portion for beginner. You can find it here http://www.gdmfx.com/hermes-academy/ .

The link is useful, but not very interactive... i think for a new trader i would lose interest having to think about reading all that information the information would just blow me away.. For beginners i think its more useful to ask in forums like this one as and when wuestions come up from their fx exploration, otherwise all that excess knowledge is just a paper weight.