Most of us will understand something of evolution, the process whereby natural selection favors those that learn how best to adapt themselves to their own particular habitat or environment. Those that are successful flourish, whereas those that aren't eventually disappear. Now I cannot speak for everyone here on forex factory as I know that we are from many different countries with differing forms of governments and social networks, but here in the UK, we have a welfare system that provides a safety net of benefit payments for those who for one reason or another find themselves struggling to cope with this highly competitive world that we live in. Take myself as an example. I trade for a living, but if I did not, I would do something else, and even if I could not find a job, I would not starve, my children would still go to school, I may lose my house, but I would always have every opportunity to get back on my feet and start working again, and in that sense, I am remarkably secure.
Now the point I am making with regard to trading forex is that as a trader, you are exposed brutally and unconditionally to the processes of evolution by natural selection, in that you either learn the skills you need to succeed in these unfettered market conditions or you fail, which in evolutionary terms means you become extinct as a trader. Here, there is no safety net, there is no one who cares ( except hopefully your friends and family) whether you live or die as a trader, and that, in a supposedly egalitarian world, can be a very hard lesson to learn. The complete and utter mercilessness of the market ensures that most people who try to make a living from it fail to do so. They fail because they have not understood, nor have they given themselves enough time to learn, the brutal nature of the world they have immersed themselves into. Only by giving oneself time to adapt to this bloodthirsty world of forex can one be successful. To rush in risking one's money, unprepared and without the necessary adaptations is like putting a seal into the middle of the Sahara desert and hoping it'll survive. It may temporarily by finding an oasis, but ultimate it is doomed. Forex can be learned, one can make money, very good money trading it, but as with any successful species here on this earth, there has to be much trial and tribulation along the way. Your views are very welcome.
Now the point I am making with regard to trading forex is that as a trader, you are exposed brutally and unconditionally to the processes of evolution by natural selection, in that you either learn the skills you need to succeed in these unfettered market conditions or you fail, which in evolutionary terms means you become extinct as a trader. Here, there is no safety net, there is no one who cares ( except hopefully your friends and family) whether you live or die as a trader, and that, in a supposedly egalitarian world, can be a very hard lesson to learn. The complete and utter mercilessness of the market ensures that most people who try to make a living from it fail to do so. They fail because they have not understood, nor have they given themselves enough time to learn, the brutal nature of the world they have immersed themselves into. Only by giving oneself time to adapt to this bloodthirsty world of forex can one be successful. To rush in risking one's money, unprepared and without the necessary adaptations is like putting a seal into the middle of the Sahara desert and hoping it'll survive. It may temporarily by finding an oasis, but ultimate it is doomed. Forex can be learned, one can make money, very good money trading it, but as with any successful species here on this earth, there has to be much trial and tribulation along the way. Your views are very welcome.
I think you know the moral of the story...
