Is Forex trading difficult?.

For many internet users, financial markets are a jumble of confusing terms that would take years to master. This is precisely why there's a common misconception that forex trading is quite difficult and typically reserved for Harvard or Princeton graduates.

But recall the famous story of the turtles, in which a prominent financial magnate turned people with completely unrelated backgrounds into traders.

These people included a security guard, a high school graduate, a clerk, a card player, a designer, and an accountant. This fact confirms the assertion that anyone can become a trader.

There are countless books on Forex , covering hundreds of strategies and thousands of trading techniques. Some strategies take up hundreds of pages, while others fit on a single page.

Complex strategies are the source of misconceptions about trading. Yes, there are Gann Theory and Fibonacci levels, as well as dozens of other equally complex strategies. However, according to most professional traders, it is the increased complexity of trading that most often leads to disappointing financial results.

Most financial magnates who made their fortunes on the stock exchange trade according to simple rules and don't use complex strategies. Their trading is based on simple, repeatable Forex patterns that allow them to predict future currency price movements.

Simplicity is the secret of Forex ; the deeper you delve into the depths of technical analysis, the harder it will be to return. This is confirmed by the fact that authors of complex mathematical models of market behavior are rarely successful traders, and professionals, at best, content themselves with their blogs.

For this very reason, if you've decided to become a trader, begin your forex studies with the simplest forex strategies and tactics .

Develop your own decision-making plan and risk-hedging system, and most importantly, devote more time to practical trading. A bare theory unsupported by practical trading, even on a cent account, will always remain just that: theory.