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.
Personally, I don’t have any doubt on it; more than 95% traders are the losers and for me it took almost 2 years to learn Forex! So, I don’t consider the Forex market as like a easy money making opportunity!
Money can never come easily to anyone. You have to work hard to fill your bank accounts. Trading is no different. If you are ready to take risks and overcome them with your knowledge, you will surely have a great time at trading and making winning trades.
It certainly is. However, with focus and determination, one can comprehend forex trading. A trader must act rationally when trading because a simple error can result in a trade loss. So, if you trade with proper market analysis and a good understanding of technical indicators, nothing will seem harder in forex.
Gewgaw posted: 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.
True, but good news is, till now you can manage the risk %; on the other hand, I don’t think Forex is easy! Practically, Forex is so much challenging business! So, don’t expect any easy money here!
Trading is like just any other way of making money where you have to work for money. The good thing about trading is that you can build your own rules in accordance with your understanding and risk appetite. It’s customizable and that’s why it's a great way of enhancing your overall income.
Trading is hard but so are other money-making professions. You have to learn and develop an understanding of what you want to do. The same goes with trading. If you don’t understand what is happening, you are bound to lose. I agree that the unpredictable nature of the market makes it more difficult but if you are good at analysis, you will be able to handle that as well.
Trading forex is challenging and carries some risk. Forex traders have to gain knowledge and develop their skills to trade profitably without losing much in the process. Traders must be prepared to face the challenges in the initial phase and learn from their mistakes. Those who commit to learning and stay in the forex market for a long term can become profitable traders over time.
Yes, forex trading is hard. It requires a lot of knowledge and experience to be successful. There are a lot of factors to consider when trading forex, and it can be difficult to keep track of all of them. You need to be able to read charts and make accurate predictions about where the market is going. If you don't have the proper knowledge and experience, it is very easy to lose money in forex trading.
The big decision of any business is its investment and traders should know quite alone how to operate it. As it’s a big step, don’t let it go bust with your mistakes. Once an investment goes bust, it not only causes his capital to lose but also discourages him.
Trading is not an easy job. One needs to be consistent, alert and informative when it comes to forex trading.As the market is very volatile so a trader should always be consistent in learning if he wants to sustain in the market.
Forex trading is challenging to begin with because you have little knowledge about it. Once you begin practising on your own and sign up for a demo account with a broker, trading is not difficult unless you practice with consistency. The biggest risk in life is not taking any risks.
Very hard, I must say! You may have a proven strategy but still you may fail. What’s even worse is not being able to find an issue with your strategy. It requires nothing more than experience for a trader to do the right thing.
The forex trading market is unpredictable; it is difficult to foresee price swings, so it appears challenging at first. Everything becomes clear once you enter the market and begin to understand the market behaviour. It is preferable to devote adequate time to gaining necessary knowledge and abilities in order to make trading profitable and simple.
It is hard to trade forex because it is challenging to anticipate the next step. In the currency market, there are no shortcuts. The market's high volatility and unpredictability may give the impression that forex trading is difficult. However, if a trader has enough expertise, forex trading is easier for them and there are fewer chances that they will lose.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.