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Forex game is not business
Členem od Apr 01, 2020
227 příspěvků
Jan 20, 2021 at 07:43
Forex is not the name of a game or a tide. It is a business of international standard. Forex means foreign exchange. Forex is the international foreign exchange market. Countless people around the world are involved in this business. Where its daily turnover is more than 6 trillion US dollars. The only competitor in the forex market is the American Stock Exchange. Of this, about 30 billion is transacted every day, much less than Forex. So many people think it's a gamble, which is not true. It has created an alternative income path for some people as a professional or part-time job.
Členem od Dec 15, 2020
13 příspěvků
Feb 15, 2021 at 04:37
That is right. I am glad you took the time to explain this here. A lot of newbies can benefit from this information, thanks.
Členem od Jul 19, 2020
749 příspěvků
Feb 16, 2021 at 12:21
Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is loosing money and make decisions based on facts rather than emotions you don't stand a chance.
Členem od Apr 17, 2021
20 příspěvků
Apr 18, 2021 at 13:11
I would also add not only knowledge, but also the attitude to trade, because it directly depends on whether you lose your money or not.
Členem od Mar 16, 2021
447 příspěvků
Apr 18, 2021 at 22:06
UweMoench posted:
Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is loosing money and make decisions based on facts rather than emotions you don't stand a chance.
Yes, you are right. I have to work hard to learn forex trading and the most important thing is to control psychology.
Členem od Aug 11, 2017
870 příspěvků
Apr 19, 2021 at 07:29
its a business where we take as money making machine. but with no knowledge and experience there is no way to survive successfully
Členem od Dec 28, 2020
167 příspěvků
Apr 19, 2021 at 09:25
Dictiony posted:
Forex is not the name of a game or a tide. It is a business of international standard. Forex means foreign exchange. Forex is the international foreign exchange market. Countless people around the world are involved in this business. Where its daily turnover is more than 6 trillion US dollars. The only competitor in the forex market is the American Stock Exchange. Of this, about 30 billion is transacted every day, much less than Forex. So many people think it's a gamble, which is not true. It has created an alternative income path for some people as a professional or part-time job.
Yes Forex is not a game or gamble. In this time of pandemic where a lot of people are losing jobs, Forex has emerged as a great platform where people are taking it as a good path for income.
Členem od Mar 28, 2021
586 příspěvků
Apr 19, 2021 at 12:47
Yes forex is not a game to gamble. It's a business that needs deep understanding and skills to get success. The earlier a trader will understand it the better for him.
Členem od Jul 23, 2020
816 příspěvků
Apr 19, 2021 at 15:57
Gambling is not the best way to trade proper analysis and strategy are needed for real trading.
Členem od Jul 20, 2020
385 příspěvků
Apr 20, 2021 at 06:50
LyudmilLukanov posted:
Gambling is not the best way to trade proper analysis and strategy are needed for real trading.
Completely agree. You need to find a set of rules that have the statistical edge in your favour. Once you execute and control your emotions you will be profitable
Členem od Apr 15, 2020
187 příspěvků
Apr 20, 2021 at 07:18
Dictiony posted:
Forex is not the name of a game or a tide. It is a business of international standard. Forex means foreign exchange. Forex is the international foreign exchange market. Countless people around the world are involved in this business. Where its daily turnover is more than 6 trillion US dollars. The only competitor in the forex market is the American Stock Exchange. Of this, about 30 billion is transacted every day, much less than Forex. So many people think it's a gamble, which is not true. It has created an alternative income path for some people as a professional or part-time job.
It is not a gamble.. I agree with you, but people treat it as a gamble which will make them rich over night and eventually end up loosing everything... Its such a shame
The more your practice, the more you learn.
Členem od Sep 12, 2017
232 příspěvků
Apr 20, 2021 at 08:06
true that, forex is not a gamble but a game of understanding and learning on daily basis. thinking that a study of few days will be enough for trading then it is a stupid thought. There are others who think the luck will favor them but that is also not true. all those who thinks its a game dont play in the real for long
Členem od Jul 23, 2020
696 příspěvků
Apr 21, 2021 at 17:10
Don’t treat it as a hobby or game. It is serious business. You may lose everything if you are careful enough.
Členem od Aug 09, 2017
598 příspěvků
Apr 23, 2021 at 09:04
business is a professional activities but i have seen we the traders sometimes take Forex as casino and behave as like that . so we fall a great trouble most of the time.
Členem od Aug 27, 2017
875 příspěvků
Apr 23, 2021 at 10:10
in order to me , its more appropriate for you to finish the pre school level including demo account or micro for practicing.
keeping patience.......
Členem od Jul 19, 2020
749 příspěvků
Apr 27, 2021 at 13:29
When you do not have much knowledge and do not know how to control your mind, you end up gambling. Then gradually it becomes a habit.
Členem od Mar 17, 2021
494 příspěvků
Apr 27, 2021 at 20:38
SofieAndreasen posted:
Don’t treat it as a hobby or game. It is serious business. You may lose everything if you are careful enough.
Yes. Every trader should be very careful with their trading career.
Členem od Jun 22, 2020
69 příspěvků
Apr 28, 2021 at 12:10
Let's make it simple - Forex is not a game or something that you can gamble away.
Členem od Aug 09, 2017
598 příspěvků
May 02, 2021 at 09:31
Forex is a long time approach , just you have to make sure great level of patience. also need a discipline
Členem od Apr 15, 2020
187 příspěvků
May 03, 2021 at 04:39
first_time posted:
Let's make it simple - Forex is not a game or something that you can gamble away.
I like the simplicity of this statement.. its 100% true, forex is technique and art both that a traders needs to understand and practice both.... Alone understanding wont help neither practicing aimlessly.
The more your practice, the more you learn.
