Pros and Challenges of Trading Forex

ele020 posted:
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.

true that this market is highly dependent on the news breaking out and volatility in 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.

AliaDare posted:
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.

rightly said

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.

AliaDare posted:
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.

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.

The main disadvantage is probably the improvement of personal funds and the expenditure of a large amount of time, but there are a lot of advantages, and you can feel them only when you start trading.

ele020 posted:

AliaDare posted:
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.

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.

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.

richardmarcus posted:

ele020 posted:

AliaDare posted:
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.

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.

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.

Well its more like taking a calculated risk rather than an imperfect decision.