Forex is good in terms of return
Dec 31, 2020 at 13:19
Forex is good in terms of return it gives if you are skilled trader. Otherwise forex trading is the most difficult job in the world. You have to be enough knowledgeable and skilled. And the psychological aspect of trading makes the trading more difficult.
Mitglied seit Jul 23, 2020
759 Posts
Dec 31, 2020 at 17:13
True. Learning is the most important aspect for success in trading.
Mitglied seit Aug 27, 2017
121 Posts
Jan 05, 2021 at 05:35
On my case, I blew a couple of accounts. 😆 But I know it would be worth it. Just keep on learning from your mistakes. Make the necessary adjustments as your learn more.
Trading is a marathon, not a sprint.
Mitglied seit Sep 15, 2020
20 Posts
Jan 05, 2021 at 08:12
Yes, forex trading gives good returns because of its volatility and leveraged product, but only skilled and knowledgeable traders will win in the long term.
It's hard to keep consistent profits for the long run.
And it's a stressful job.
It's hard to keep consistent profits for the long run.
And it's a stressful job.
Mitglied seit Nov 24, 2020
28 Posts
Jan 05, 2021 at 10:56
That is right. Without proper knowledge of forex, it is very difficult to trade. Every trader should also have a proper trading mindset for achieving some level of success. The returns are achievable at times and sometimes even getting 1% of overall profit is difficult. Since trading forex is risky, getting any amount of return feels like an achievement to me. I trade with some cost effective and low spread brokers that fulfil my trading needs.
Mitglied seit Jul 19, 2020
318 Posts
Jan 10, 2021 at 19:42
Yes. making money from this market is very simple. You need to have proper knowledge and experience. With your knowledge and experience, you can make a profitable plan and make money from this risky market easily.
Mitglied seit Aug 27, 2017
121 Posts
Jan 12, 2021 at 13:49
That's where consistency comes in. You can be making 100% a month for 6 months or maybe years then loses 100% in a day. Bye capital.
What you need is a good strategy that can possibly give a consistent return. It would always be better to go with the side of cautiousness and lower profit but safe capital than with aggressiveness with huge returns but could lead to a blown up account.
What you need is a good strategy that can possibly give a consistent return. It would always be better to go with the side of cautiousness and lower profit but safe capital than with aggressiveness with huge returns but could lead to a blown up account.
Trading is a marathon, not a sprint.
Mitglied seit Dec 01, 2020
20 Posts
Feb 10, 2021 at 09:34
That's right. Expert traders make some good amount of returns from trading forex. There is a lot of scope with it if you have the knowledge and skills to trade.
Mitglied seit Nov 03, 2020
65 Posts
Feb 11, 2021 at 08:05
If you approach trading wisely, you can really get a good income, which is why I started using copy trading RAMM from Amarkets and started earning at the professional level.
Mitglied seit Sep 12, 2017
238 Posts
Mar 11, 2021 at 08:13
Yes it can be a good return but only if the trader is consistent and have willingness to learn. but that alsso does not guarantee profit
Aug 03, 2021 at 06:00
croisssan posted:Yes, profit or loss in forex depends upon a trader’s psychology, his willingness to learn and the time he dedicates to practice.
Also, do not forget that forex can help and lose money. Here everything depends only on the trader himself.
Aug 03, 2021 at 07:22
Forex trading can indeed lead to great returns, but it is important to avoid thinking that it is so easy and quick to attain. The truth is that it takes time, plenty of work such as by carrying out careful analyses, and you also need to be responsible in your trading by setting certain limits in terms of risks and money management.
Mitglied seit Aug 10, 2021
178 Posts
Sep 13, 2021 at 01:05
While it is easy to put things on paper and plan while outside the market, getting into the market and implementing your plan really tests your ability and capabilities. Your first plan can be made better if you take market experience into account, since with experience you can overcompensate for any deficiencies.
