True! Forex trading is hard and can be extremely volatile. More than 95% of the traders lose in the forex market. Mostly, it is because of greed and lack of proper trading psychology. It is like any other profession where you get better with practice.
Forex trading is indeed hard but that does not mean that it is impossible to trade successfully. A trader must gain the required trading skills and enough knowledge and learning which will definitely help to make trading easy.
Trading forex is not easy, profit and loss always occurs in trading, but there are a trader that able to generate a high return in forex trading, which he succeeded to making profit more than 1000%nin contest trading FTC 2021 and win the prize,
UweMoench posted: Of course trading is hard. Trading is a high rewarding work. High reward doesn't come easily. A person needs deep knowledge and understanding of the market to be profitable. He also needs very strong mind set.
Of course, Forex trading is one of the most challenging professions in this world! Here, more than 95% traders are the uncle to make consistent money! But don’t lose your hope if you are newcomer here, just focus on your learning process & practice sincerely in your demo account!
In my opinion, it is very important when we start our forex trading business that we make our experience good in the market and that we work in the market with learning and that we do not use trading without good knowledge and experience, and I believe that by working hard in the market and giving time to it, we can make good trading decisions and make good profits on the forex market.
Forex trading is not only hard but a risky business. A trader needs to be very careful while trading. Like any other business, it needs a deep understanding of the market and a well calculated trading plan.
It depends on the side from what you consider trading. Of course, some people believe that there is nothing more complicate and difficult than trading, however it's not like that. All the activities require special preparings and trainings. There are no activities in the world where you na become successful without proper knowledge and skills. Of course, some traders can be successful in trading just because they have a sense of the market, however i doesn't rleate to the msot part of traders. Trading is all about hard-working because only hard-working might possibly lead to the main goal.
Forex is not hard rather we make it hard. We are averse to go ahead following a particular way rather we make additions to our strategies that make things complex for us. We have to be focused on acquiring more and more knowledge for the sake of us.
Trading can't be easy. If you think other then you'll loose soon. Since it can be easy first few trades and then suddenly stop out. So you must always think what you're doing. Analyse each your trade. And if you lost, you're the only responsible person for this.
Trading forex is no easy task, here required high patience to treat forex as a business, and forex trading is not an easy way to become rich in a short time, this is need high skill trading to making money in forex, and the process going there, maybe trader face so many hurdles on the way, only patience will arrive on destination.
To be good at trading you must fully understand and embrace the idea that it is extremely challenging and that you will lose money at it on a very regular basis. Once you internalize that thinking then you are in positions to develop a way to be successful at it. You can never take the market for granted. You always have to be on guard with the mindset that it is going to steal your cash if it is given an opportunity. The odds of being a successful trader are only against you if you fail to recognize the amount of work and effort that it takes. I'm convinced that anyone can be a good trader if they have the necessary work ethic and cultivate a 'problem solving' mindset.
Although forex trading is hard, this is an addiction business, many traders still curious about how to make money in forex trading, and make them come back again to forex trading business after one failure, because still many hope in the forex market, although full uncertainty due high volatility provided profit and loss possibility, when trader able to make money from trading, choosing a broker is important
Dorsin posted: To be good at trading you must fully understand and embrace the idea that it is extremely challenging and that you will lose money at it on a very regular basis. Once you internalize that thinking then you are in positions to develop a way to be successful at it. You can never take the market for granted. You always have to be on guard with the mindset that it is going to steal your cash if it is given an opportunity. The odds of being a successful trader are only against you if you fail to recognize the amount of work and effort that it takes. I'm convinced that anyone can be a good trader if they have the necessary work ethic and cultivate a 'problem solving' mindset.
Exactly! After all it's the game of knowledge and mindset.
I would say that trading is difficult in general, although it is more difficult for some than others. For example, some learn quickly and others have a harder time grasping all of the concepts. Some become consistently profitable sooner than others. I think we all run into problems and even the best of traders end up feeling frustrated at times.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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