Had you ever thought that there could be a difference between learning to trade the foreign exchange (forex) currency market and simply making money? It seems that these two things are the same or at least should be. Yes they should. But let us explore how it could be that these two positions are very different indeed.
The reason why learning how to trade the foreign exchange currency forex markets can throw up this difference is this -- Trading forex is a business just like any other business engaged for profit. The trouble arises when many new traders come to the market and for whatever reason they forget or fail to understand that the activity of trading is just the same as any business venture. For it to be a success the very same factors come into play.
Those who ignore that trading is a business at outset inevitably set themselves up for an unpleasant surprise, usually quickly, sometimes a little longer, yet certainly in the future. Many who enter the arena of forex trading do not think that it is a business and their reasons for doing so may be any of a number, some not related to making money at all. How can this be true?
Well if you think of trading forex as a business you will take everything to do with trading very seriously indeed. Why? Because starting a business requires a serious attitude to making success happen. Any sloppy or not thought out plans are doomed to failure before the business gets very far down the road.
It is the same with trading forex. A serious attitude to the business of trading is an absolute requisite before you enter the market. The reason is similar to starting a business without this right attitude but it is even more acute. Why is this? The reason is that the forex market is probably the fastest moving market on the planet.
Think of it like standing on the side of a racing car track with a dozen or so Formula One cars speeding around the corners and down the track. If you a s a pedestrian step onto the track or drive your usual car onto it you will get run over and flattened very quickly indeed. The forex market is exactly the same. It moves very swiftly indeed and you cannot enter it and succeed unless you are knowledgeable and fast with your thinking and act and react accordingly.
So being fully prepared before you enter the market is the only way you will have any hope of making money in this very high velocity market or not.
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Article Source: http://EzineArticles.com/?expert=Chris_JL_Doran
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