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For trading you do not need
Jan 22, 2021 at 12:30
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.
Jan 22, 2021 at 12:48
Every trader should focus on increasing trading abilities. Trading is not any easy task. You need specific knowledge and skills. Those knowledge and skills doesn't just come to you. You have to achieve it. To achieve it you have to study a lot. And it also takes time. There is no short cut. The quicker one understands this the better.
Mitglied seit Jul 23, 2020
696 Posts
Jan 22, 2021 at 17:42
Michihito posted:
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.
There are some trading styles which require even less time to trade like scalping.
Jan 26, 2021 at 20:57
Michihito posted:
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.
Yep. 4 hours of trading and at least another 4 for learning. 😉
momchil_slavov@
Feb 02, 2021 at 06:46
Agreed! IN forex, it is not about only the amount of time you give to this market, but the quality of work that you do in that time. Traders sit in front of screens for 7-8 hours daily, still their earnings are next to zero, because they don't do anything fruitful in that time. So instead of focusing on sitting for longer hours, it is better that one pays attention to what he's exactly doing, planning the tasks and taking care of the risk factor.
Mitglied seit Jan 11, 2019
140 Posts
Feb 02, 2021 at 08:33
you might need alot of time during the trade but need alot of time investment while learning to trade.
Feb 02, 2021 at 10:59
Forex trading can be one of the simplest ways to earn money. You can earn a lot more money as a Forex trader than you would working retail. You also do not have to worry about the hassles of a regular job. You are basically your own boss if you are a full time trader.
Mitglied seit Sep 18, 2020
30 Posts
Feb 02, 2021 at 11:04
Michihito posted:
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.
Well said, the key is enhancing your knowledge eventually, gathering experience an learning from your pasts. No need to devote entire day to it, but yes quality time along with dedication really works.
Mitglied seit Aug 27, 2017
875 Posts
Feb 02, 2021 at 12:04
i dont believe any percentage, i just believe all about the consistency which is the main core to success at any section even trading place.
keeping patience.......
Mitglied seit Jul 23, 2020
696 Posts
Feb 02, 2021 at 12:15
Forex trading is not as easy as most people think. Traders need proper knowledge and strategy to make consistent profit.
Mitglied seit Jan 22, 2021
126 Posts
Feb 08, 2021 at 12:01
For trading you do not need to replicate someone else's trading style, You should have your own plans to enter and exit the positions. Everyone has a different trading mindset according to his goals and risk appetite. Never try to fit in that. And do homework before going live otherwise stress will eat you.
Nov 19, 2021 at 04:34
It’s true many traders only spend a few hours and still earn more than the ones who keep themselves glued to their screens all day long. It’s not about how much time you spent trading but how well you utilize that time. Whatever time you spare for trading, you should do your homework and know how the market behaves during those hours, which currencies are more profitable to trade, etc.
Mitglied seit Oct 15, 2021
7 Posts
Nov 19, 2021 at 04:54
Along with utilizing time, you should be with some strategies which will help you to come up with new ideas to trade in forex.
Mitglied seit Oct 15, 2021
7 Posts
Nov 19, 2021 at 05:02
pipham posted:
It’s true many traders only spend a few hours and still earn more than the ones who keep themselves glued to their screens all day long. It’s not about how much time you spent trading but how well you utilize that time. Whatever time you spare for trading, you should do your homework and know how the market behaves during those hours, which currencies are more profitable to trade, etc.
Foreign Exchange markets is are markets in which foreign currency is traded for domestic currency. The exchange rate is the price of foreign currency. It is extremely difficult to predict the short-run direction of exchange rates. Economists often view changes in exchange rates as following a random walk, which means that a future increase is as likely as a decrease.
Nov 19, 2021 at 06:34
@AlanSolarsh Only trading is strategy is not enough to be successful in forex market. Trading is 90% psychological. Our decision gets influenced by our emotions. We need to learn how to control those emotions.
