Forex is good in terms of return
Sep 13, 2021 at 06:55
Williamfreed posted:Yes planning for anything is very easy but executing the plan and working according to it is the real test, that is why before going live we need to practice on demo accounts.
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.
Sep 28, 2021 at 20:04
I do agree with you here, if we talk about short-term investing. Forex trading can bring you really high profits in a short period of time especially if we compare it with some other forms of investing. However, if we talk about long-term, investing in stocks or funds is much more profitable and less nervous than trading.
Sep 29, 2021 at 00:22
Forex trading is a high-risk high gain, for long term return if any trader already having good ability to make a consistent profit, it will become a good gain for the long term, but indeed forex is risky, maybe only 15% traders can survive and make money in forex, diversification investment is one way to manage to invest business, an investor suggested to giving less than 30% potion for trading.
Mitglied seit Aug 27, 2017
121 Posts
Sep 29, 2021 at 10:20
If you see forex trading as high risk, then you don't know what you are doing. With anything you do there's always a risk but it doesn't mean it's risky.
Trading is a marathon, not a sprint.
Sep 29, 2021 at 13:46
@8christianpaul8 Of course Forex has risk. That's why risk management is so important in Forex. If it's not risky then there is no point of risk management. Every business has its own risk but Forex is riskier.
Mitglied seit Aug 27, 2017
121 Posts
Sep 30, 2021 at 05:35
I'm not saying it's not risky. I just don't agree that it's high risk as others mentioned. I agree that everything has its own risk. When you say riskier, compared to what? Money management solves any risk with Forex. It doesn't have to be high risk.
Trading is a marathon, not a sprint.
Mitglied seit Jun 17, 2021
46 Posts
Oct 01, 2021 at 10:09
Everything comes with a risk. With a good strategy and proper Money Management, you can make a good profit. Developing trading psychology is also an important factor to consider in Forex.
Oct 01, 2021 at 10:32
karenpeters posted:Exactly, a lot is needed to make profits in development skills and money management trading.
Everything comes with a risk. With a good strategy and proper Money Management, you can make a good profit. Developing trading psychology is also an important factor to consider in Forex.
Oct 01, 2021 at 13:06
@karenpeters Yes you are right. Good strategy, risk management and a solid trading psychology is very much needed for success in forex trading.
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