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I agree. To become a successful trader prior learning is must. As traders often believe that having a vague knowledge about market can also make them a successful trader. But this is not at all true. Traders must educate themselves about the market first then think about earning high returns here.
Learning is a continuous process and many of us learn new things through our experiences and mistakes as well. We can't say we have learnt every thing and that is why many of us looses money in forex market. The thing is we need to invest that sum of money which we can afford to loose otherwise we will loose the rest too while chasing that lost money.