Beginner's Luck?
You may have found that most of the new traders in fx market seems to have luckiness with them. Their first deals always bring them good profits. This luckiness, however, disppears after a short period of time. Some of they start to lose money, or even leave the market finally.
What is the reason for the so called "beginner's luck"? Why it is not long-lasting? How to gain real luckiness in fx market?
Generally, beginners trade more cautiously. They tend to think logically, at the same time follow trading rules carefully. As a result, they have more chances to gain profit under this physchology. The profit, however, can easily make the beginners overestimate their knowledge and skill in trading. They then start to follow their own feelings, to go against the market, and so on.
Successful trading comes from sensitivity about the market, while sensitivity comes from experience. Therefore, as a beginner, borrowing experience from the professionals could be the best start. Communicating with expert or successful traders, studying analysis from reliable resources, summarizing your trading experience are all necessary for developing your own strategy step by step.
Just as an old saying goes: those who stay until the end will be the winners.
At the end, wish all of us good luck!
|