Do you believe personal skill is not necessary for forex?

[Brixton]

Forex trading is not a get-rich-quick scheme and requires traders' effort and dedication to succeed. While having a solid understanding of market analysis and trading strategies can help, there are other factors for success in forex trading. Personal skill is crucial in determining a trader's success in the forex market. A trader's ability to manage emotions, discipline in following their trading plan, and risk management skills are some of the critical personal skills required for successful forex trading.

However, it's worth noting that personal skills can be developed over time through education and practice. Traders willing to put in the time and effort to improve their skills and learn from their mistakes can succeed in the forex market. On the other hand, traders who believe they can succeed without putting in any effort and relying solely on automated systems or expert advice are likely to fail.

In conclusion, while having a solid understanding of market analysis and trading strategies is essential, personal skills such as emotional control, discipline, and risk management play a crucial role in determining a trader's success in forex trading. Personal skills can be developed through education and practice, and traders willing to put in the effort can succeed in the forex market.