Pros and Challenges of Trading Forex
Mitglied seit Oct 07, 2020
104 Posts
Nov 24, 2020 at 04:06
ele020 posted:true that this market is highly dependent on the news breaking out and volatility in the market
The Forex market is the biggest financial market on earth. It requires very specific knowledge and skills to make a profit. It is advantageous as well as risky also. Forex trading can be started at a very low cost, low investment is required and higher returns are expected from trading, but risk is also associated with it as you can’t control volatility in the market.
Mitglied seit Oct 07, 2020
104 Posts
Nov 25, 2020 at 04:28
AliaDare posted:rightly said
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.
Mitglied seit Sep 12, 2017
238 Posts
Nov 25, 2020 at 05:48
there are various pros like making money without going out and just using the desktop and internet. one learns and gain alot of knowledge from this, the cons are people start greeding for more, lose patience and end up losing. the cons will be set up the trader itself.
Nov 25, 2020 at 05:55
AliaDare posted:I get your point but don't you think its impossible to take a perfect decision about something which is uncertain? Markets can treat you either ways out of nowhere, I believe that yes, we should be taking the correct decision which helps us to mitigate any unfortunate circumstances along with proper understanding of the market.
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.
The more your practice, the more you learn.
Mitglied seit Oct 07, 2020
104 Posts
Nov 26, 2020 at 04:18
ele020 posted:true that there are sometimes when your imperfect decisions can also lead to huge profits. Many experienced traders have gone through it to earn profits that were uncertain.AliaDare posted:I get your point but don't you think its impossible to make a perfect decision about something which is uncertain? Markets can treat you either way out of nowhere, I believe that yes, we should be taking the correct decision which helps us to mitigate any unfortunate circumstances along with a proper understanding of the market.
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.
Nov 26, 2020 at 06:24
richardmarcus posted:ele020 posted:true that there are sometimes when your imperfect decisions can also lead to huge profits. Many experienced traders have gone through it to earn profits that were uncertain.AliaDare posted:I get your point but don't you think its impossible to make a perfect decision about something which is uncertain? Markets can treat you either way out of nowhere, I believe that yes, we should be taking the correct decision which helps us to mitigate any unfortunate circumstances along with a proper understanding of the market.
Trading is very risky and perfect decisions should be made to make this easier. If the decision is not right, it is never possible to achieve success by trading.
Well its more like taking a calculated risk rather than an imperfect decision.
The more your practice, the more you learn.
Nov 26, 2020 at 14:39
People come into forex to make money easily. Forex may seem easy but to earn money you need knowledge and skills. Most people are unwilling to study. They run for ready-made strategy and never settle down. They don't know what they are doing.
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