While some prefer to rely on luck and others on hard work, there are some who believe in talent. But is trading really for just anyone or there are some obstacles that can’t be overcome? We’ve tried to find the answer to this question together with our newest winner of Rally Trade contest Alexandr Myasnikov, who knows what it is really like to strive and to achieve.
What a trader needs
I’ve been trading for over 5 years. It all started with an ad in the internet which was portraying Forex as a good source of extra income and offering a training course. I was already retired at that time, so I thought why not to try it just for fun. My first trading experience was far from perfect. I wanted to make a lot of money and fast, which led to loss of several deposits. But I’ve never quit – I just wasn’t ready to let it go. From my experience the two main things you need to be successful on Forex, are the knowledge and patience. And if knowledge comes with experience, patience is not something anybody would have. That is why not everybody can be a good trader, I think.
Learn math and wait for luck
Internet has always been the only source of trading knowledge and ideas for me. When I was just starting, I was looking for fellow traders, learning technical analysis, testing trading instruments and choosing brokers on various forums. I chose Grand Capital for affordability and honesty. I participate in your contests all the time, despite the fact that sometimes I show really bad results. However, I want to give the following advice to all the novices out there: don’t be afraid to take part in contests and of course, learn math. This is the eternal truth.