"There are two kinds of investor: Outsmarters and Partakers".
"Outsmarters believe they're so clever they can beat the system,through inside advice and superior brainpower."
"Partakers understandthat the best way to make money is to share in the profits ofsuccessful businesses, by buying stock in [them]... "
"There are, for example, the day traders, who think they can profit from tiny ups and downs of stocks over minutes or hours. I do not doubt that some people can make a profit this way....But beyond a tiny cadreof the super-talented and super-dedicated, day traders get eaten up bythe transaction costs -- the commissions, the spreads between bid andasked prices, and the interest incurred in buying stocks on margin." -- James K. Glassman, "The Secret Code of the Superior Investor," pp.63-64.
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Forex trading has the potential to contribute to financial freedom, but it's important to approach it with caution and understanding. Here are a few key points to consider:
Education and Knowledge: Acquiring a solid understanding of forex trading is crucial. Educate yourself about the fundamental concepts, technical analysis, risk management, and trading strategies. Take the time to learn and practice on demo accounts before trading with real money.
Risk Management: Implementing effective risk management strategies is essential in forex trading. Set clear risk parameters, such as stop-loss orders to limit potential losses, and employ proper position sizing to manage risk in proportion to your account size.https://thehoruseye.net/eye-of-horus-fractions/
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