What are barriers in Forex?

[Dita Walczak]

Not having a strategy is a barrier and also having a faulty strategy is also a barrier. But the person staying in the middle can make somewhat benefit in trading like traders who have flourished trading strategy.

 

[FinTrader]

A barrier in Forex is also the lack of discipline and the inability to control your emotions. And if such a trader is given a sufficiently profitable strategy, he will not be able to trade using it and his trading will be unprofitable. That is, the key to success in Forex is the presence of a trading strategy + the psychological balance of the trader.

 

[Asahi]

Having no knowledge, no proven strategies, no regulated brokers, no control on greed are all fall in the category of barriers.

 

[FXOchartist]

Most obstacles actually come from within oneself, emotions are enemies that come from within oneself and often disrupt traders' trading plans. Apart from that, not having enough knowledge and experience in trading or not having a reliable strategy is a barrier to growth. To achieve success in forex there are several important points, money management, trading methods, and trading psychology.

 

[moonchild]

The biggest barrier in trading is knowledge, you'll make a lot of mistakes if you don't have the knowledge, it is important to acquire the knowledge first before you even do anything else, or you'll be undermining yourself and make a lot of mistakes, it's important to find a mentor if you can't figure it out yourself.

Capital is also another barrier that.yiull have to overcome, but you can start with a small capital and grow it overtime if you have the patience to wait, with a small capital you won't be able to make more but if you can grow it overtime, it can be your retirement funds.