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Forex trading is a specific profession that is not taught in schools or higher education institutions. Therefore, this is a completely new activity for most people. This means you have to learn it. There are many traders forums, blogs, articles and analytics. Here you can learn a lot and communicate with experienced traders. You also need to create your own trading strategy and trade according to the rules of risk management.

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Learning has become much more accessible nowadays, as traders can explore resources on YouTube, participate in forex forums, or take advantage of webinars provided by Tickmill. This way, I can deepen my understanding and knowledge of the forex market.

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  • 3 months later...

You also need to learn psychology and control of your emotions. A psychologically unprepared trader will not be able to make money on Forex due to his haste, greed, fear or excitement, even if he is given a sufficiently profitable trading strategy.

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