To use chat, please login.
Back to contacts

Is trading hard?

Jan 03, 2021 at 07:20
5,730 Views
161 Replies
Member Since Nov 20, 2021   19 posts
Feb 09, 2022 at 08:03
Yeah can say it is hard because trading demands hello lot of knowledge of charts and major events that an affect the price movements of the pairs.
Member Since Dec 14, 2021   46 posts
Feb 10, 2022 at 04:36
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.
Member Since Apr 09, 2019   538 posts
Feb 10, 2022 at 10:47
Yes and no. There is a lot to learn but once applied well trading is actually quite simple. What is really hard is controlling our own desire to interfere.
If you can't spot the liquidity then you are the liquidity.
Member Since Jun 12, 2021   132 posts
Feb 10, 2022 at 11:24
trading is really hard when you have very poor risk management and you dont know how to manage emotions.
Member Since Dec 14, 2021   28 posts
Feb 14, 2022 at 08:06
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.
Member Since Jun 26, 2020   327 posts
Feb 16, 2022 at 08:47
Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!
Member Since Apr 03, 2021   470 posts
Feb 17, 2022 at 02:26
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,
Member Since Mar 28, 2021   617 posts
Feb 17, 2022 at 10:59
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!
Member Since Aug 10, 2021   178 posts
Feb 17, 2022 at 11:01
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.
Member Since Jan 21, 2022   57 posts
Feb 21, 2022 at 06:01
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.
Member Since Dec 05, 2019   17 posts
Mar 03, 2022 at 06:58
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.
Member Since Feb 16, 2022   67 posts
Mar 03, 2022 at 07:42
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.
Member Since Feb 20, 2021   78 posts
Mar 15, 2022 at 04:19
I totally agree. There are many people who claim forex trading to be easy and one can easily make profit out of it. They are all scams and a trader should know that.
Member Since Oct 22, 2021   11 posts
Mar 15, 2022 at 13:32
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.
Member Since Apr 03, 2021   470 posts
Mar 15, 2022 at 23:20
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.
Member Since May 27, 2021   57 posts
Mar 16, 2022 at 05:46
According to me, it depends on how you take forex trading, if you will trade with proper knowledge then nothing will seem hard in forex.
Member Since Aug 25, 2019   28 posts
Mar 16, 2022 at 19:59
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.
Member Since Apr 03, 2021   470 posts
Mar 16, 2022 at 23:04
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
Member Since Sep 23, 2020   42 posts
Mar 17, 2022 at 06:43
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.
Member Since Aug 05, 2021   401 posts
Mar 17, 2022 at 15:40
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.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.