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Forex is good in terms of return

UweMoench
Aug 02 2021 at 13:14
751 Posts
@Tremblay Forex cab be the best way to make money only if one is ready to give time and efforts to learn the art of trading.
croisssan
Aug 02 2021 at 16:09
939 Posts
Also, do not forget that forex can help and lose money. Here everything depends only on the trader himself.
Sar John (Sarjohn)
Aug 03 2021 at 06:00
187 Posts
croisssan posted:
Also, do not forget that forex can help and lose money. Here everything depends only on the trader himself.
Yes, profit or loss in forex depends upon a trader’s psychology, his willingness to learn and the time he dedicates to practice.
mab8
Aug 03 2021 at 07:22
41 Posts
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.
Unellene
Sep 12 2021 at 13:53
283 Posts
croisssan posted:
Also, do not forget that forex can help and lose money. Here everything depends only on the trader himself.
for many newbies it turns out that they hope for a big profit, but there is none, only losses
Williamfreed
Sep 13 2021 at 01:05
176 Posts
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.
Sar John (Sarjohn)
Sep 13 2021 at 06:55
187 Posts
Williamfreed posted:
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.
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.
Duzragore
Sep 28 2021 at 20:04
27 Posts
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.
Suradi (FXOday)
Sep 29 2021 at 00:22
327 Posts
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.
Chan (8christianpaul8)
Sep 29 2021 at 10:20
112 Posts
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.
UweMoench
Sep 29 2021 at 13:46
751 Posts
@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.
Chan (8christianpaul8)
Sep 30 2021 at 05:35
112 Posts
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.
skihav
Sep 30 2021 at 07:51
801 Posts
Well, it all depends on the trader. It is far from a fact that a trader will be able to quickly get his money back.
Tradextol
Sep 30 2021 at 08:25
57 Posts
Christian Paul forex trading has high risks and no one can ignore that no matter how optimistic you are. Moreover I believe that the levels of risk in forex trading can be reduced if trading is done with the right strategies.
karenpeters
Oct 01 2021 at 10:09
46 Posts
‌‌‌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.
AliaDare
Oct 01 2021 at 10:32
788 Posts
karenpeters posted:
‌‌‌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.
Exactly, a lot is needed to make profits in development skills and money management trading.
Akasuki
Oct 01 2021 at 13:06
532 Posts
@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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