Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

Hello Friends,

I have decided to open a discussion about forex trading whether it is an art which you have in your DNA.or skill which can be acquired by sheer practice.

This month I have completed one year on Dukascopy Community and it has been a good year for me. As per my experience I think forex trading is an art as well as it can be learned by some intense practice. This month I have participated in trader contest also and my equity is at 194000. I am participating in trader contest for more practice and to gain confidence. From the experience I come to know sometimes you cannot rely only on knowledge and you will need to act quickly as you get opportunity. Sometimes for the sake of fear you cannot open a trade as you have got stop losses triggered in a row. This affects psychology and for many days you remains in fear till the winning streak starts. Because of fear you close a position early when it is profit and you miss a large profit. Some people remain unaffected by the circumstances whatever happens for them trading is an art. But for some requires an intense practice to gain skills and to gain confidence.

Why trading cannot be a profession?
Trading does not guarantee a secured income or a source of income while any other degree can offer you as you can apply for a job. But trading is the business from where you can be a Billionaire without professional degree. I have just completed early years of graduation still I have secured success in trading. Every area in world have some advantages as well as disadvantages.

In the trading you have to pass through psychological up and down every day as you hold a trading position and you don't know whether profit target will get hit or stop loss will be triggered. In any other job you have fixed income coming in your hand at the end of the month. But job don't give you chance to earn huge money which trading offers.

As a trader I am happy till the date though I have passed many ups and downs. My trading comes in profit and again it goes in loss. I am doing lot of practice and gaining knowledge everyday so that I can raise my income.

In this article I have wrote some general things in my next article I will give detailed analysis about trading.

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I think Forex trading is blending of art and skill. But, first, you need to have skill only then you can use your skill in an artistic way. Though it also depends on whom you are dealing with, I mean the forex broker you are using for trading. I am trading with FreshForex who help me to develop my skills of trading in various ways. They are very supportive towards me. They always motivate their traders by giving good bonus facilities such as now if offering 101% tradable bonus. This bonus is kind of support at your draw-down time.