Very tough business.

Sep 08, 2019 at 07:50
Vues 7,186
173 Replies
Membre depuis Jul 19, 2020   posts 788
Oct 13, 2020 at 01:12
Yes, you are right, trading is a very difficult business. It is very difficult to make a profit in this business. Without proper discipline and education, it is not possible to get good rewards from trading. You can't trade without patience. So it is not possible to trade without gathering knowledge.
Membre depuis Jul 19, 2020   posts 298
Oct 14, 2020 at 12:46
@ElliotCooke exactly. I completely agree with you. Forex is difficult becoz it takes a long time to be skilled. Getting skilled is the difficult part. Once we know what we are doing, it becomes easier.
Membre depuis Jul 03, 2020   posts 37
Oct 19, 2020 at 12:49
A zero sum market in complete essence.
Membre depuis Dec 31, 2020   posts 2
Jan 04, 2021 at 15:02 (édité Jan 04, 2021 at 15:02)
Yes, you are absolutely right, but the bottom line is that forex is nevertheless a pretty big risk and you can very quickly lose everything you earned ... think about it. For me it is much more profitable and profitable to come up with some kind of business plan, open a company and start making money on it .. Nevertheless, there are also difficulties here. For me, one of the main difficulties has always been creating a bank account for my company. This requires certain knowledge in the field of finance, as well as experience.
Membre depuis Apr 15, 2020   posts 219
Jan 05, 2021 at 07:09
There is nothing like tough or easy business. it just based on how you play with it. If your only motive is to earn profits then off course its a tough business because you cannot be in profit always. If your focus is on learning the key concepts testing your strategies and gaining experience then its slightly easier.
The more your practice, the more you learn.
Membre depuis Aug 09, 2017   posts 785
Jan 05, 2021 at 08:18
any kind of business or trading platform can be tough if there is no risk and money management.
Membre depuis Aug 27, 2017   posts 994
Jan 05, 2021 at 10:00
For me; successful trading means making consistent result in a long
run! The return percentage doesn’t mean much; but again consistency is the key.
Membre depuis Apr 18, 2017   posts 718
Jan 05, 2021 at 10:49
actually right now its very difficult to make sure 20% return according to trading balance due to US election. but whatever it is we the traders always try to bring profit minimum 5-10%.  
Membre depuis Jul 19, 2020   posts 298
Jan 09, 2021 at 11:41
There are many advantages in trading forex. With merely internet connection and PC you can do the trading from your bed. From the Monday morning opening in Australia to the night close in New York, the forex market never rests. In forex trading, a little deposit you can start trading. Leverage gives the trader the capacity to trade with small amount.
Membre depuis Nov 26, 2020   posts 18
Feb 03, 2021 at 04:28
It is not as easy as it seems and it does take some practice and learning. No one can be a forex trader in a day right.
Membre depuis Jul 23, 2020   posts 869
Feb 03, 2021 at 07:35
dennisstanley posted:
It is not as easy as it seems and it does take some practice and learning. No one can be a forex trader in a day right.
True. Success takes time even in trading. Also, the demo account is the best place for practice trading.
Membre depuis Aug 11, 2017   posts 886
Feb 03, 2021 at 08:08
This market is too much volatile and there is nobody who can predict the real faction of this market with certainly , that’s why for keeping survive in here we the traders have to depend on our trading strategies that we select according to our trading experience. First of all we traders have to ensure real money managing plan if we get maximal result by our trading strategies.
Membre depuis Apr 18, 2017   posts 718
Feb 04, 2021 at 14:21
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice  , so besides acquiring good knowledge its more appropriate to emphasis on practice session. 
Membre depuis Jul 19, 2020   posts 298
Feb 07, 2021 at 14:03
To do forex trading, first you have to give time for learning. It's a professional work that requires specific knowledge and skills. Once you have necessary skilled, you can do it just by spending one or two hours per day. But for learning you have to put your efforts and dedication. One more thing learning doesn't happen in one or two months. You have to spend good amount of time depending on your level of understanding and other factors.
Membre depuis Sep 12, 2017   posts 238
Feb 08, 2021 at 08:03
nothing comes free or easy. if it would have been easy then every human being would have started trading.
Membre depuis Oct 08, 2020   posts 29
Feb 12, 2021 at 11:01
dennisstanley posted:
It is not as easy as it seems and it does take some practice and learning. No one can be a forex trader in a day right.
An experienced trader has gone through many losses and then only he was successful in making profits. That’s why he is considered as experienced.
Membre depuis Jul 19, 2020   posts 751
Feb 12, 2021 at 11:55
Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit.
Membre depuis Dec 02, 2020   posts 15
Feb 15, 2021 at 05:14
Maxwelljoe posted:
dennisstanley posted:
It is not as easy as it seems and it does take some practice and learning. No one can be a forex trader in a day right.
An experienced trader has gone through many losses and then only he was successful in making profits. That’s why he is considered as experienced.
You are very much correct. We all learn from our failures and in trading, you lose, you learn and then you earn.
Membre depuis Dec 11, 2020   posts 110
Feb 15, 2021 at 11:23
Maxwelljoe posted:
starlavey posted:
Maxwelljoe posted:
dennisstanley posted:
It is not as easy as it seems and it does take some practice and learning. No one can be a forex trader in a day right.
An experienced trader has gone through many losses and then only he was successful in making profits. That’s why he is considered as experienced.
You are very much correct. We all learn from our failures and in trading, you lose, you learn and then you earn.
Infact, what I do is, I keep a track of all my trading strategies while trading through fxview and FXTM. So in situations of losses, with the help of my journal on myfxbook, I try to figure out why my strategy didn't work and then I do the changes accordingly. These things help in a better learning of the trading market, increasing the chances of profits.
How is fxtm in term of trading conditions?
Membre depuis Jul 19, 2020   posts 751
Feb 15, 2021 at 12:36
Forex trading can be one of the simplest ways to earn money. You can earn a lot more money as a Forex trader than you would working retail. You also do not have to worry about the hassles of a regular job. You are basically your own boss if you are a full time trader.
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