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Is Forex risky?
Jun 29, 2022 at 04:46
I also agree with you, stress and anxiety is very common among traders. An excitement about leverage always works in the minds of traders because it affects traders’ trading highly. As leverage enables a trader to take more risk beyond his or her capability, it becomes a favorite choice in traders. A trader’s profitability ratio depends highly on leverage.
Mitglied seit Jul 23, 2020
816 Posts
Jun 29, 2022 at 11:44
If you want to be a true Forex trader, you have to accept both profit and loss. Getting loss falls in the principles of trading and you should bear it in mind. You became successful that doesn’t mean you won’t have losses rather you can make profits on average. Successful traders have good strategies for trading.
Jul 05, 2022 at 05:19
Yes. Forex trading is risky, and it is difficult to be successful in this game. Most traders know how risky the forex market is, which is why it is very important to apply risk management strategies in your trading strategies. But, they don’t do it and then whine later complaining about their loss.
It is equally important to have a good research and analysis of the market so that you can predict the market and make proper plans or apply risk management accordingly.
It is equally important to have a good research and analysis of the market so that you can predict the market and make proper plans or apply risk management accordingly.
Mitglied seit Aug 19, 2021
203 Posts
Jul 05, 2022 at 08:09
Oh there are risks everywhere. Including forex. But at the same time, starting to trade in any broker, you must accept the risks that may arise. Nobody is immune from loss. But we are all adults. If you are unable to accept this, then you should not start trading forex.
Jul 05, 2022 at 11:51
Drive your psychology towards positivity so you never get depressed whenever you get losses constantly because of wrongdoings. Psychology is very important for a trader because it influences traders highly. Make your mind confess that consistent profit is never possible from any business.
Mitglied seit Feb 16, 2022
113 Posts
Jul 06, 2022 at 07:34
There is no specific time period to sticking to demo account. Traders should take demo trading as a life-long process because demo trading is needed as long as a trader stays in Forex trading career.
Mitglied seit Jun 28, 2022
25 Posts
Jul 06, 2022 at 08:24
Being highly volatile and influenced by economic factors like political unrest and time zone differences, which can have a big impact on trade, makes forex market is risky.
Mitglied seit Feb 16, 2022
113 Posts
Jul 16, 2022 at 07:52
Demo is the best way to learn Forex! On the other hand, you can read trading eBooks to gather trading knowledge! There are some traders who feel bored about reading a book
Jul 16, 2022 at 16:11
LyudmilLukanov posted:
Forex is risky because most of the traders don’t have any analytical knowledge and they don’t know how to select a right broker for them. As a result, they get upset easily. Traders should not get upset so easily rather they should sketch out a plan by following which they can go ahead easily.
It is because they don’t know where technical tools works 50%, fundamental analysis works 99%. Lacking of the knowledge of fundamental analysis leads them not to reach the doorstep of success.
Jul 17, 2022 at 07:07
Forex is a highly volatile market so chaotic market situation is customary here. But traders should trade maintaining proper risk management and money management policy to shield against losses even in the chaotic market situation.
Mitglied seit Jun 22, 2022
21 Posts
Jul 19, 2022 at 10:20
I don’t think there is any way of making money that doesn’t have a risk. Many people compare forex trading with a business setup and that is surely a risky venture. It takes time to become capable of facing challenges and come out as a winner in the forex market.
Jul 21, 2022 at 09:10
Megan21 posted:
Obviously there is a risk involved because you could lose money if the markets move against you, there is also the potential for profitable trades.
Any investment carries risk. Forex is no different. It is the potential for profit that makes it worth it
Mitglied seit Jul 26, 2022
45 Posts
Aug 04, 2022 at 07:25
Although there is a risk involved because the markets could move against you and you could lose money, but with this there is also a chance for successful trades.
