You can often hear that trading in financial markets is like playing roulette, like in a casino. Only here they put on the movement of exchange rates. If you guess right, you will win, if not, your money will go to the broker.
Some people become traders relying solely on their own luck. They are reckless in their actions, do not track trends, do not analyze the situation on the market, and make decisions based on their premonitions. This is in line with the behavior of gamblers. The final result of such traders is always the same – they lose a significant part of their deposit and stop trading with the conviction that it is impossible to make money in the financial markets.
In order for trading in financial markets to be profitable, you need to correctly perceive the processes taking place on them. First of all, it is necessary to abandon associations with gambling. It is advisable not to even use in your speech expressions like: “play on the stock exchange”, “play on Forex”, “play with financial instruments”, “play with currencies”.
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FOR SUCCESSFUL TRADING, YOU NEED TO STRICTLY LEARN A FEW POSTULATES:
Financial markets have nothing to do with gambling. Exchange rates and the value of other assets do not depend on chance, but are the result of the combined influence of a wide variety of economic factors.
It is impossible to consistently make money in the financial markets and at the same time rely on luck alone. Without understanding the economic processes taking place in the markets, one cannot become a successful trader. The ability to understand patterns and make correct predictions is the key to the success of your activity.
When trading in the financial markets, it is important not to lose your head and not succumb to excitement. Therefore, a trader needs to be able to properly manage capital and manage their emotions, to know the psychology of trading.