The dark side of forex markets

Truly said! Forex trading has provided a means for people all over the world to make money. You may trade any way you want without worrying about the rest of the world, and I believe risk management is essential for all types of traders in the market.

Becoming a trader is never an easy task. Hard work is required in the initial stages to understand the market and learn about strategies. But after that it is all about smart work. Having the right strategy and presence of mind to make timely decisions is what takes a trader to the path of success. Transforming the risk into reward is the product of an efficient risk management system. Last but not least, a trader can improve and grow with time but I believe the talent to trade is something we are born with and that’s why we are drawn to this risky world of forex trading.

I think that your explanation was well-said and insightful into how things really work behind the scenes.

Yes, forex trading is very lucrative but can be difficult to achieve success in. You need a proper understanding and a lot of knowledge about the market to trade properly. You can lose your money within seconds if you don’t have money & risk management skills.

The dark side of the forex market is that it is highly volatile and risky, unlike the brokers describe. There’s no shortcut and you need to do all the hard work. You won’t get rich overnight and winning every trade is impossible. The forex market is difficult to trade so make sure you have a sufficient amount of knowledge and experience.

I think everyone and everything in this world has a dark side. But there is also a bright side to everything. The dark side of forex trading is the market risk and potential losses. But the bright side is the endless opportunities that it offers to people to earn profits. How we deal with the risk will determine our profitability in the end. Those who have knowledge and skills will always get to the brighter side of the forex market and achieve success in the long run.

Every financial market has its own set of drawbacks and dark sides. Forex also has. However, a trader can learn risk management and other strategies to stay steer clear of such situations.

I think the dark side of the forex market is that many people have this misconception that forex trading is like gambling or it is a money multiplier that anyone can use to get rich. People need to educate themselves what forex truly is and only enter the market after learning everything. The forex market is for serious and professional traders. Beginners who are keen to learn can also earn profits as they gain knowledge and experience.

The dark side of Forex is the scammers trying to steel money by claiming 90% win rate or make $1million. It is all BS and makes it hard to find the good resources

It seems like most traders go through this. I wish all the scams would stop, new traders don't deserve it. nobody does

i think the dark side of this market is Market Makers who always manipulated this place and for that reason retail traders lost their equity.

Whenever forex comes to our minds, we think of money, we think of luxury and whatnot, forgetting what it takes to be successful in the world of forex. As enchanting as it may seem, forex is risky. And risk management remains one of the most important skills to learn when it comes to forex.

Long story short, Forex isn’t any easy way of money making! There is no shortcut way! So, new traders need to spend tons of time here to learn Forex, with an ordinary trading skill there is no way to make money!

The loss of mental peace, in my opinion, is the dark side of forex. When traders begin to lose money, they become more impatient and get easily furious which results in losing their mental calmness, which is something we cannot afford in trading.

It is possible to benefit from the trade if I can manage the risk. Risk and trading are always managed by successful traders.

mansuriabubakar posted:
It is possible to benefit from the trade if I can manage the risk. Risk and trading are always managed by successful traders.

You are right, risk management is such an important parameter here! You can survive here for a long if you are with a tight risk management plan!

Imamul posted:
but to make a perfect risk management is really challenging and need a long time experience .

That's true for sure but it should all be in a trading plan where you have backtested the correct risk management and the TP. This should be then tested on demo before even going to a live account

Technical analysis means analyzing the market using technical tools. Complete market forecast is impossible with technical analysis.

The drawback of forex is that it requires a lot of patience and knowledge, and only those who intend to give succeed.