3 reasons why anyone can learn to trade Forex

Undoubtedly, he has read on the Internet that all new traders cannot earn money in Forex, 95% of traders exploit their accounts, everything is pessimism, only big fat bankers can do it, etc. The truth that anyone can learn Forex trading still stands, if they are successful it depends on them and the training in Forex trading they receive.

Below are 3 reasons why anyone can learn to trade Forex, but also what the problems are:

1. Commercial training strategies can be simple

a) New operators can quickly learn a new strategy in a couple of days. Some strategies use few technical indicators or rules and some are made up of only one or two ideas. In fact, most operators will say that the simpler a strategy is, the more successful it will be.

b) Although it may be simple, people still fail. Why? In simple terms, trade has nothing to do with the strategy it uses. It is almost entirely based on your mental state. Success will depend entirely on you, on the way you handle your emotions and expectations.

2. The training is open and available to all.

a) If you have an Internet connection and a laptop or PC, you can learn to trade Forex. It really is as easy as that. You don't necessarily need expensive hardware, expensive news cables or a massive commercial floor. Combined with the fact that Forex markets are open 24 hours a day 5 days a week, it means that anyone can learn to trade Forex, regardless of their current circumstances.

b) The opening hours do not necessarily make exchange operations effective for the entire duration. The high volume and liquidity lead to an excess of negotiation, and the excess of negotiation can explode an account faster than most operators realize. The fact that the Forex market is so open to trade does not mean that all traders should try to trade or be in the 24/5 markets.

3. Currency trading is available for those with a low initial amount

a) With only $ 100 you can open an account and get access to leverage. This means that it is a viable business and an opportunity to make money with very small overhead. Because it is such a small initial cost, it opens it to a wider audience. Most types of investment require large accounts to remain in the market or to cover trading costs, not with Forex.

b) A lower initial amount leads to a more casual approach to learn to trade in Forex. If someone is only trading with money, they don't care, it's harder to comply with their rules, trade properly and move forward. If a trader is really worried (but not worried) about the value of the money he is trading, then he is more likely to take it seriously and as a business.

Anyone can really learn to trade from any aspect of life, with any level of intellect. What distinguishes those who succeed from those who are not is the training and Forex experiences they have received.