The dark side of forex markets
Jan 14, 2022 at 16:40
skihav posted:Exactly, if one comes out of this emotional thinking, he will be able to trade successfully. First, he must build the ability to accept losses.
In fact, the whole dark side is that the market can bring not only profit, and many are not ready for this.
Jan 15, 2022 at 13:47
Yes, it is totally true that there are some big forces which actually drive the market in this or that direction, but they are an inseperable part of markets. All kinds of markets have these forces and we cannot escape them. I offer avoid thinking in terms of whether it is good or bad, we need to think about how to adapt to this situation and how to make pragmatic use of that.
Member Since Mar 17, 2021
536 posts
Jan 17, 2022 at 19:40
Sairdred posted:You need proper knowledge to make a good career in this market.
Yes, it is totally true that there are some big forces which actually drive the market in this or that direction, but they are an inseperable part of markets. All kinds of markets have these forces and we cannot escape them. I offer avoid thinking in terms of whether it is good or bad, we need to think about how to adapt to this situation and how to make pragmatic use of that.
Member Since Aug 17, 2021
94 posts
Jan 19, 2022 at 10:15
Very well said! Forex trading has provided a way for people all over the world to make money. You don't have to worry about the rest of the world if you trade the way you want.
Member Since Mar 16, 2021
477 posts
Jan 19, 2022 at 15:46
Sairdred posted:No matter what situation the market is in, it is necessary to predict that situation and act accordingly. That's the decent thing to do, and it should end there. You need to build trust and stay on top of market analysis.
Yes, it is totally true that there are some big forces which actually drive the market in this or that direction, but they are an inseperable part of markets. All kinds of markets have these forces and we cannot escape them. I offer avoid thinking in terms of whether it is good or bad, we need to think about how to adapt to this situation and how to make pragmatic use of that.
Feb 03, 2022 at 14:35
The dark side of trading Forex is that it’s a very serious challenge. A person may fail to cope with it. This negative experience may impress him too much and it may result in fatal consequences. For example, some people sell their apartments, cars to deposit their trading accounts and lose again, etc. It doesn’t mean that you are also doomed to follow this scenario. I just want to say that trading is not a sort of entertainment. It will test you as a personality how strong you are.
Feb 25, 2022 at 07:50
Yes, forex is a manipulative market, and it can be ugly because, as retail traders, you have zero control over it. Trading decisions by central banks can move the market. You can’t do anything about it, but you have full control over your trades. Understand your risks first and learn to control them. It is challenging, yet not impossible.
Feb 26, 2022 at 10:25
croisssan posted:Well, in general Forex market looks like very easy way to make money but in the reality there have only few numbers of peoples who are making consistent money here! Forex is so much challenging Profession, There is no way to rely on others trading skill, you need to build your own skill, that’s the open secret!
I would advise beginners not to rush to the 'dark' side. Initially, it is important to learn how to work properly, and then you can try it.
Member Since Jan 20, 2022
31 posts
Mar 02, 2022 at 05:29
“All that glitter is not gold”, as rightly stated, there are a lot of downsides of the forex market. Some of them are:
Risks associated with leverage
Trading forex can lead to an emotional turbulence
Operational risks
Getting scammed
Risks associated with leverage
Trading forex can lead to an emotional turbulence
Operational risks
Getting scammed
Mar 04, 2022 at 04:57
It is true that the central banks and other bigger financial institutions have the authority to influence the market and retail traders like us can’t do anything because we are the miniscule part of forex trading. However, that doesn’t mean you can’t win. If you have a robust risk management strategy and workable trading strategy, you can still win high rewards.
Mar 04, 2022 at 09:20
gwendolyncole posted:
As per my opinion, the super high volatility is one of the dark sides of the forex market, hence everyone should trade with proper care, planning, and strategies.
But I think, volatility is a visible feature in Forex then how it can be issued as dark side? It’s true, the volatility score is decreasing gradually, but till now it’s an active market!
Member Since Jun 26, 2020
327 posts
Mar 15, 2022 at 07:29
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.
Member Since Apr 09, 2019
538 posts
Mar 15, 2022 at 09:49
I think the same is true of many hedge funds as well. They too are trying to second guess what the banks will do with price, just with more money than the average retail trader.
If you can't spot the liquidity then you are the liquidity.
Mar 28, 2022 at 07:35
I don’t think there is anything darker than the fact that in spite of learning so well and practising on your demo account, your strategy can fail in the live market. You can never be 100% sure in the market and that’s because of the market volatility. No matter how well you prepare yourself for the market, you must also prepare yourself for the losses.
Member Since Mar 17, 2022
47 posts
Apr 15, 2022 at 05:39
The unpredictable market movements make it so tough for traders to make the right decisions. It’s obviously because of volatility that is a result of so many different minds trading in the market. There is nothing worse than this about the forex market for me.
Apr 15, 2022 at 15:25
Yeah - speculative trading is just a guessing make, and there's so many factors that can influence your decision. It's so hard given so many different strategies: whether you're trading a reversal, fade or rally; whether you're a scalper, day, swing or position trader... Ultimately, all that matters is Managing Risk, and to treat your profit as a by-product and not as your main objective.
The higher your capital, the higher your =<1% risk can be!
The higher your capital, the higher your =<1% risk can be!
