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Forex game is not business

Jan 20, 2021 at 07:43
2,285 Views
53 Replies
Member Since Apr 01, 2020   231 posts
Jan 20, 2021 at 07:43
Forex is not the name of a game or a tide. It is a business of international standard. Forex means foreign exchange. Forex is the international foreign exchange market. Countless people around the world are involved in this business. Where its daily turnover is more than 6 trillion US dollars. The only competitor in the forex market is the American Stock Exchange. Of this, about 30 billion is transacted every day, much less than Forex. So many people think it's a gamble, which is not true. It has created an alternative income path for some people as a professional or part-time job.
Member Since Dec 15, 2020   13 posts
Feb 15, 2021 at 04:37
That is right. I am glad you took the time to explain this here. A lot of newbies can benefit from this information, thanks.
Member Since Jul 19, 2020   751 posts
Feb 16, 2021 at 12:21
Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is loosing money and make decisions based on facts rather than emotions you don't stand a chance.
Member Since Apr 17, 2021   20 posts
Apr 18, 2021 at 13:11
I would also add not only knowledge, but also the attitude to trade, because it directly depends on whether you lose your money or not.
Member Since Mar 16, 2021   477 posts
Apr 18, 2021 at 22:06
UweMoench posted:
Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is loosing money and make decisions based on facts rather than emotions you don't stand a chance.
Yes, you are right. I have to work hard to learn forex trading and the most important thing is to control psychology.
Member Since Aug 11, 2017   886 posts
Apr 19, 2021 at 07:29
its a business where we take as money making machine. but with no knowledge and experience there is no way to survive successfully
Member Since Dec 28, 2020   187 posts
Apr 19, 2021 at 09:25
Dictiony posted:
Forex is not the name of a game or a tide. It is a business of international standard. Forex means foreign exchange. Forex is the international foreign exchange market. Countless people around the world are involved in this business. Where its daily turnover is more than 6 trillion US dollars. The only competitor in the forex market is the American Stock Exchange. Of this, about 30 billion is transacted every day, much less than Forex. So many people think it's a gamble, which is not true. It has created an alternative income path for some people as a professional or part-time job.
Yes Forex is not a game or gamble. In this time of pandemic where a lot of people are losing jobs, Forex has emerged as a great platform where people are taking it as a good path for income.
Member Since Mar 28, 2021   617 posts
Apr 19, 2021 at 12:47
Yes forex is not a game to gamble. It's a business that needs deep understanding and skills to get success. The earlier a trader will understand it the better for him.
Member Since Jul 23, 2020   869 posts
Apr 19, 2021 at 15:57
Gambling is not the best way to trade proper analysis and strategy are needed for real trading.
Member Since Jul 20, 2020   399 posts
Apr 20, 2021 at 06:50
LyudmilLukanov posted:
Gambling is not the best way to trade proper analysis and strategy are needed for real trading.

Completely agree. You need to find a set of rules that have the statistical edge in your favour. Once you execute and control your emotions you will be profitable
Member Since Apr 15, 2020   219 posts
Apr 20, 2021 at 07:18
Dictiony posted:
Forex is not the name of a game or a tide. It is a business of international standard. Forex means foreign exchange. Forex is the international foreign exchange market. Countless people around the world are involved in this business. Where its daily turnover is more than 6 trillion US dollars. The only competitor in the forex market is the American Stock Exchange. Of this, about 30 billion is transacted every day, much less than Forex. So many people think it's a gamble, which is not true. It has created an alternative income path for some people as a professional or part-time job.

It is not a gamble.. I agree with you, but people treat it as a gamble which will make them rich over night and eventually end up loosing everything... Its such a shame
The more your practice, the more you learn.
Member Since Sep 12, 2017   238 posts
Apr 20, 2021 at 08:06
true that, forex is not a gamble but a game of understanding and learning on daily basis. thinking that a study of few days will be enough for trading then it is a stupid thought. There are others who think the luck will favor them but that is also not true. all those who thinks its a game dont play in the real for long
Member Since Jul 23, 2020   759 posts
Apr 21, 2021 at 17:10
Don’t treat it as a hobby or game. It is serious business. You may lose everything if you are careful enough.
Member Since Aug 09, 2017   785 posts
Apr 23, 2021 at 09:04
business is a professional activities but i have seen we the traders sometimes take Forex as casino and behave as like that . so we fall a great trouble most of the time.
Member Since Aug 27, 2017   994 posts
Apr 23, 2021 at 10:10
in order to me , its more appropriate for you to finish the pre school level including demo account or micro for practicing.
Member Since Jul 19, 2020   751 posts
Apr 27, 2021 at 13:29
When you do not have much knowledge and do not know how to control your mind, you end up gambling. Then gradually it becomes a habit.
Member Since Mar 17, 2021   536 posts
Apr 27, 2021 at 20:38
SofieAndreasen posted:
Don’t treat it as a hobby or game. It is serious business. You may lose everything if you are careful enough.
Yes. Every trader should be very careful with their trading career.
Member Since Jun 22, 2020   77 posts
Apr 28, 2021 at 12:10
Let's make it simple - Forex is not a game or something that you can gamble away.
Member Since Aug 09, 2017   785 posts
May 02, 2021 at 09:31
Forex is a long time approach , just you have to make sure great level of patience. also need a discipline
Member Since Apr 15, 2020   219 posts
May 03, 2021 at 04:39
first_time posted:
Let's make it simple - Forex is not a game or something that you can gamble away.
I like the simplicity of this statement.. its 100% true, forex is technique and art both that a traders needs to understand and practice both.... Alone understanding wont help neither practicing aimlessly.
The more your practice, the more you learn.
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