Meloisel posted:Proper learning can help you to make a good plan.
Each business has its pros and cons, just if you correctly understand and learn everything, then everything will work out.
Forex trading is very difficult but money management and risk management help to make it easier. To be successful, these things need to be maintained.
Nov 16 2021 at 08:57
As for me, the darkest side of forex trading is that the very little amount of traders become successful here. Of course, some traders believe that it's very easy to become successful, you need just practicing and dedicate lots of time to this process, however they don't understand that it's not enough to be successful on a longer period. You can be successful for a month but then you can lose everything, nobody knows what will be going with you.
The darkest side is incertainty and it's very difficult to foresee what will be going with you within a year in trading.
The darkest side is incertainty and it's very difficult to foresee what will be going with you within a year in trading.
Nov 16 2021 at 10:45
there is no one who can predict the real faction of this market with certainly even after having good knowledge and experience , most of the time no trend market actually follows, this is the dark side according to me.
In fact, the whole dark side is that the market can bring not only profit, and many are not ready for this.
Nov 18 2021 at 05:10
Every business has its dark side. Forex is an international market, which can be traded 24 hours a day, five days a week. The main problem is the lack of unbiased information about forex markets. If you have a sound knowledge of the forex market, you have better prospects of earning money, and if you don't have that knowledge, then your income will depend on chance.
I suppose that all the activities have their own pros and cons. It's not only about trading activity actually and the matter here is to perceive all the pros and cons wisely. You shouldn't be angry on forex trading just because you lost all the money, it's unwise. You have to understand that forex trading isn't guilty with your losses, only you are guilty with them. You hae to analyze a lot why it hapenned so and then you should make conclusions. In my opinion, forex trading has its own drawbacks, as well as any other activity, but you should explore all the shortcomings before you enter the market and deposit money.
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.
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.
Jan 17 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.
Jan 19 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.
Jan 19 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.
Everyone understands perfectly well what the dark side of the market is the risk of loss. I think everything is as simple as possible here.
Proper knowledge about the market will help you to get out of it faster. Knowledge gives an edge over the market and enables you to predict the consequences of your actions.
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.
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.
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.
For me, the dark side of trading is losses. I think that this is the most difficult to overcome.
Mar 02 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
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.
