Hi experts, is the forex market a jungle? Okay, i have heard a lot of people giving a big red sign on forex. I also became so afraid of trying, because i never want to lose my money, afterall who wants to do business and lose? Lol...
Maybe if i had followed my heart and not being afraid of the Lion in the jungle i would have become a good trader if not a professional. But now i feel more attracted to forex yet i feel half bake in mind because even experts tells you they lose money too despite their deep knowledge. Then, who am i a newbie? Lol
Now i began to ask myself how much money am i ready to lose? But common, i dont even have money to be ready to lose, so can a poor nigga trade forex? Wow! I'm short of words.
Though knowledge is power but in forex it seems you need a double wisdom to trade, haha. My mentor would say a single indicator is not enough to predict accurately the market trend. Forex is beautiful but its the game of experts and probably the job of the rich. So, in case market goes against a rich guy stake he will bear it comfortably but a man of little pocket must be very careful.
Anyway, i'm gladly demo trading and i'm loving it. I'm watching my improvement but i lack money management which is very dangerous but i guess i do most of what i do because i'm on demo account. I hope to become a mentor someday, yeah!
I need experts advise, thanks!