Very tough business.

UweMoench posted:
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.

That's correct, but all this is only possible if a trader has proper skills, knowledge and management on how he's trading. What do you think?

Forex trading is considered to be toughest business ever. Mainly because it has higher risks tha any other kinds of business. Of course, I don't compare forex trading to those businesses where you hav to take out a loan before you start, when you are in debts, then it's the activity with the highest risks ever. In my opinion, everything basically depends on how you relate to the particular activity and your whole attitude toward this activity. I believe that the higher risks, the higher chance to be successful in this activity, while I also think about possible losses.
Here everybody decides on his own, whether he is ready for taking such risks or not. Nobody is made to do something, everything happens because of their own wish.

Trading in Forex requires a lot of deaths and expertise. One can't trust it by simply entering into it. The process takes time as well as dedication to become skilled.

of course this is a tough business but there is a chance to bring good amount of money from there , so we the traders should be more positive

The best paying professions tend to be.

croisssan posted:
Trading in itself is a rather complicated business. You need to be ready for this. And you need to understand that to get the result you need to make an effort.

I disagree with you, Forex complex is for those who trade without risk management. But it is much easier for those who manage the plan and discipline to trade by trading strategy.

AliaDare posted:

croisssan posted:
Trading in itself is a rather complicated business. You need to be ready for this. And you need to understand that to get the result you need to make an effort.

I disagree with you, Forex complex is for those who trade without risk management. But it is much easier for those who manage the plan and discipline to trade by trading strategy.

So are you saying that Forex is easy? I find it hard

No doubts, that forex trading is considered to be the toughest business ever. Everything because you have to learn lots of things when it comes to trading. Of course, some traders handle the task of becoming successful in trading without any solid experience, but it's just an exception. The vast majority of traders face all the difficulties which forex trading prepares for them. I believe that here everything depends on how serious is your attitude toward trading activity. If you will treat it like an occupation or real profession, then I guess you will be able to understand all the peculiarities of this activiy and as the consequences - byou becoem successful.

I do totally agree with this idea that tradinf is not the easiest business ever, to put it mildly. You should learn a lot, practise new skills, work on your psychology and there is still huge uncertainty. I mean that even if you work a lot nobody can guarantee that you will be a success right away. So, I really think that trading is for those people who are interested in markets and finance. It is extremely hard to keep on trading when you have no interest in this whole field.

Yes!
A sound strategy with proper risk and money management along with emotional management is what all it takes to win in the forex market.

TroyTheTrader posted:
Yes!
A sound strategy with proper risk and money management along with emotional management is what all it takes to win in the forex market.

Nothing compares to the above. It is so key to have all of these above strategy and indicators imo

Indeed, forex trading is tough. But as the trader keeps on trading and gaining knowledge, he becomes aware of the effective trading strategy for him.
The trader over time acquires the required trading skills and masters them, forex trading becomes simpler for him. A trader needs to be consistent and disciplined in order to achieve this level.

Forex is not something where you can expect a quick making money account, it is much more than that. And because it involves lots of knowledge and skill, it can be seen as tough and hard business to crack

45656 posted:
Forex trading is really very tough business in the world for the Forex traders. But in spite of being so tough for earning money unlimited people do interested in this business. If you want to do trading in Forex you have to enough skilled at all. The traders who are very skilled and experienced can achieve his trading success early and easily. Without good trading skill you can only loss.

It is a tough business without any doubt. In fact, Forex trading is considered the 2nd most riskiest business in the world after coal mining. If a trader does not know how trading should be done, he will surely make a loss. Let us never be in a hurry to start live trading. Let us be patient and learn this business well before getting into live trading.

To be successful in any business, we need to work hard about it, as we all know that Forex is a large platform for making money, but it is very risky. It is also very difficult too, and if you want to be successful in Forex, you have to do a lot of hard work. However, if you do hard work in this field, you will be able to get good results tomorrow because it is an online business setup all over the world with a good profit ratio in less time than any job or business, however, it is not easy to earn in this business as it involves a lot of knowledge and experience to manage and survive.

Forex isn’t easy and traders only realise it when they enter the market. It looks easy when someone else does it and shows the profits to you. However, there goes lots of hardwork and losses behind those profits

45656 posted:
Forex trading is really very tough business in the world for the Forex traders. But in spite of being so tough for earning money unlimited people do interested in this business. If you want to do trading in Forex you have to enough skilled at all. The traders who are very skilled and experienced can achieve his trading success early and easily. Without good trading skill you can only loss.

It took me an eternity of time to become very good at trading. I started in 2005. I was not profitable until 2016!!!
Took me a lifetime almost. I only traded off and on.

But today I not only run a signal service but teach traders as well.

Good amount by spending a little time on forex. In forex as there is no special need of education and special time limits so students can do trading any time during five days a week. students can get free capital by forum posting and make some good money out of it.

The ever changing nature of the forex market makes it hard for traders to trade forex. To become successful in forex trading, traders must invest adequate time and acquire all the necessary skills.