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Pros and Challenges of Trading Forex

ele020 (ele020)
Nov 23 2020 at 11:10
211 posts
The Forex market is the biggest financial market on earth. It requires very specific knowledge and skills to make profit. It is advantageous as well as risky also. Forex trading can be started at a very low cost, low investment is required and higher returns are expected from trading, but a risk is als associated with it as you can’t control volatility in the market.

The more your practice, the more you learn.
richardmarcus
Nov 24 2020 at 04:06
104 posts
ele020 posted:
The Forex market is the biggest financial market on earth. It requires very specific knowledge and skills to make a profit. It is advantageous as well as risky also. Forex trading can be started at a very low cost, low investment is required and higher returns are expected from trading, but risk is also associated with it as you can’t control volatility in the market.
true that this market is highly dependent on the news breaking out and volatility in the market

AliaDare
Nov 24 2020 at 04:11
521 posts
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.

Marshalsam877
Nov 24 2020 at 07:53
23 posts
I agree that trading is quite risky. If you don’t want to lose more, you must build a strategy that works for you.

richardmarcus
Nov 25 2020 at 04:28
104 posts
AliaDare posted:
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.

rightly said

perryjohn765 (perryjohn765)
Nov 25 2020 at 05:48
215 posts
there are various pros like making money without going out and just using the desktop and internet. one learns and gain alot of knowledge from this, the cons are people start greeding for more, lose patience and end up losing. the cons will be set up the trader itself.

ele020 (ele020)
Nov 25 2020 at 05:55
211 posts
AliaDare posted:
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.

I get your point but don't you think its impossible to take a perfect decision about something which is uncertain? Markets can treat you either ways out of nowhere, I believe that yes, we should be taking the correct decision which helps us to mitigate any unfortunate circumstances along with proper understanding of the market.

The more your practice, the more you learn.
Stonesong
Nov 25 2020 at 10:51
124 posts
The main disadvantage is probably the improvement of personal funds and the expenditure of a large amount of time, but there are a lot of advantages, and you can feel them only when you start trading.

richardmarcus
Nov 26 2020 at 04:18
104 posts
ele020 posted:
AliaDare posted:
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.

I get your point but don't you think its impossible to make a perfect decision about something which is uncertain? Markets can treat you either way out of nowhere, I believe that yes, we should be taking the correct decision which helps us to mitigate any unfortunate circumstances along with a proper understanding of the market.
true that there are sometimes when your imperfect decisions can also lead to huge profits. Many experienced traders have gone through it to earn profits that were uncertain.

ele020 (ele020)
Nov 26 2020 at 06:24
211 posts
richardmarcus posted:
ele020 posted:
AliaDare posted:
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.

I get your point but don't you think its impossible to make a perfect decision about something which is uncertain? Markets can treat you either way out of nowhere, I believe that yes, we should be taking the correct decision which helps us to mitigate any unfortunate circumstances along with a proper understanding of the market.
true that there are sometimes when your imperfect decisions can also lead to huge profits. Many experienced traders have gone through it to earn profits that were uncertain.


Well its more like taking a calculated risk rather than an imperfect decision.

The more your practice, the more you learn.
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