The question seems simple but many traders still think the same thing and do not find the answer. So, what exactly makes you think this forex trading is something very difficult?
You initially thought forex was easy
In the beginning, you are involved in forex trading, you think this field is very easy to generate profit without the hassle like other jobs.
Plus exposed to the profits and luxuries displayed by individuals out there who claim to be ‘sifu’ or ‘experts’, you are haunted by learning just a few weeks and with a small capital, are able to generate double profits in a short period of time.
You do not see forex trading as a professional business in the real world. So you need to correct your mindset about forex trading.
Forex trading is only about technical analysis
Bitter to swallow, but this situation is still widespread, especially among traders in Malaysia.
They are more interested in learning techniques with a combination of various indicators for their trading all the time.
Professional traders state that technical analysis is only a 10% part of mastering forex trading. The rest including fundamental analysis, sentiment, risk management and so on, should not be ignored.
Try to find a solution alone
Because you do not want to rely on any source, you think to find your own solution to succeed in trading. This will extend the duration of your trading journey and make you think forex is very difficult.
In any field, you still need to learn, get the right knowledge or even better to learn from a mentor who is already successful in that field.
You just got started!
It is normal if you feel this forex trading is a difficult thing if you are still new to this field. Give the right space and time for you to get the right rhythm.
For example, when you started learning to ride a bike when you were a child, remember how many times you fell before you could move in a balanced way?
Arriving at the right level and time, everything will go smoothly and you no longer think the matter is as difficult as it was in the beginning.
Just think of making money
One of the initial mistakes when starting to engage in forex trading is that you set the wrong objective which is to focus only to earn money.
If you think through forex trading you will generate profit immediately and become a millionaire in a short period of time, this field is not for you.
Various factors must be refined for you through the challenges in this field before becoming a successful forex trader.
Through this partnership, think deeply is this forex trading still something difficult for you?
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