Well, it is not simply a matter of how long you have been in forex trading.
The important thing still lies in your understanding of the forex market, how the currency pairs move relative to one another. It is not a matter of a "gut feeling" to short sell or buy without a purpose.
Also, how you can make use of fundamental news and technical analysis to aid you in your decision making process. Fundamental news like bank rates, GDP, employment figures etc will have impact on the current movement as in technical charting which will help you determine long term trends.
Going blindly into the forex buy/sell without basic understanding of the highly volatile currency market can prove disastrous for many newbie trader as you can easily lose tons of money within minutes as much as you can earn that much if you understand how it works.
The important thing still lies in your understanding of the forex market, how the currency pairs move relative to one another. It is not a matter of a "gut feeling" to short sell or buy without a purpose.
Also, how you can make use of fundamental news and technical analysis to aid you in your decision making process. Fundamental news like bank rates, GDP, employment figures etc will have impact on the current movement as in technical charting which will help you determine long term trends.
Going blindly into the forex buy/sell without basic understanding of the highly volatile currency market can prove disastrous for many newbie trader as you can easily lose tons of money within minutes as much as you can earn that much if you understand how it works.
