There’s no denying the fact that Forex trading is tough. This makes it essential to be aware of all the aspects related to trading before you plan to risk your money in it. You need to be active enough to keep the track of the changing market and have to make a move according to it, making sure you avoid the losses.
So true, forex is actually difficult and complex. Due to its complex nature, extensive knowledge and skills are very much necessary. Prices of currency pairs keep on changing with a blink of an eye. Need to monitor the analysis carefully and practice your strategies to bring more accurate results. Choose your broker wisely as per your requirements and needs.
Forex is the same as any other business that creates a big income. If you are CEO of company you had even more stress and work to do.
Forex is rather easy to handle if you need just like 2% a month, that could be achieved easilly but in such case you have to deposit significant amount of money. So with let say 25% a year profit and $50,000 living costs you need to deposit $200,000 and trade it carefully.
Yes, it is true that Forex is very tough business and you should not leave at this stage and should contnue learning. One day you will be able to make good profit in it and you can be a successful trader.
Dictiony posted: Yes, it is true that Forex is very tough business and you should not leave at this stage and should contnue learning. One day you will be able to make good profit in it and you can be a successful trader.
I agree with you. The process of learning has to be ongoing for any trader.
Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , overtrading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.
Shelby10 posted: Forex is very tough business, when you don't have any knowledge about this market. If you have enough knowledge about this market, it will be very profitable and easy.
You are right. Forex trading for the first time is always difficult, but with constant study and training, it will be easy. It can be difficult to understand FX, but once you understand FX, you can easily earn money by trading.
Yes trading is the most difficult business in the world, whether it's forex, stocks or commodities. That's why 95% people ultimately fail in trading. To be successful in trading you have to be skilled enough.
Forex is tough for those who don't have enough knowledge about the market. Without knowledge, you can not make money from this market. But, if you have all the knowledge about the market, you can easily make money.
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
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