Forex and its earning

Forex trading is a job like any other, yet people want to come in with minimal effort and expect to gain huge rewards. You have to put in time and work to become a successful trader, just like you would to become a lawyer, or any other profession.

I think that a point that every new trader should keep in mind is that the forex market is highly volatile which can either be a blessing or a curse based on your trading decisions. A skilled trader is someone who learns to use this volatile nature to their advantage and earn profits with that. Whereas a trader becomes looser when they make wrong calculations and this volatility makes them lose their hard earned money in forex trades. You should focus on enhancing your skills and being consistent at first rather than on getting huge profits as a beginner.

Earning via trading is quite difficult and it takes months and years of learning to earn any amount of money. Your prime focus should be learning and strengthening your knowledge rather than earning money. After years of learning & experience, and excellent trading skills only, you can earn profits. If you’re patient and dedicated only then you will be able to earn money else the forex trading market is not for you.

13 years of learning for me. LOL. Now my earings are sky high.

The market is budding and everyday there is an addition so yes, I believe it is blooming and a great investment for someone who is clear cut in their goals and dreams and plans to achieve it no matter what.

Forex is a $6tn a day business. I still don't understand what some think they hope to achieve by coming into it without taking the time to study and practice. You can earn very good money in medicine and law as well but you wouldn't just jump into those without years of study. Thinking you can simply shows you have no idea what you are doing as such you will have to learn the hard way.

Forex is a good source of earnings. One should know how to make one.

there is no short cut way of learning and earning in this trading place. so traders should focus learning first of all with cool mind.

I would say new traders should enter the market with long term goals rather than chasing profits without a proper plan. It does take time for a beginner to develop skills and experience surely teaches us any valuable lessons over time. Learning should come before earning and that will make you profitable in the long run.

I agree, forex is not a get rich quick scheme. It takes consistent efforts and hard work to be profitable in the market. You can earn more than you imagine but for that you have to be prepared. The market spares no one so it is crucial to enter by preparing yourself first. Make sure you do all the learning and practising before going live. Develop a strategy and bactest it. Apply risk management and stop loss to prevent losses. Trading is a skill that gets better with time so don’t give up even when things get tough. Remain consistent and patient; all the labour will be worth it once you start making money

Forex is really a risky project because there is no one who can predict the real faction of this market with certainly.

I feel so Good Paying all bills through Fx earning.

Mohammadi posted:
Earning is Forex is not easy at all. There is too many who loses money simply because they take it lightly. They think knowing minimum knowledge about Forex is good to kick off trading right away. They think they can earn good amount of money in here. But one thing I want to say in order to my trading experience , in Forex trading you like digging a hole, the deeper you dig the more chance its can turn into a well and get water.

Forex tests your patience so never get angry at trading. Proper mindset of trading should be developed for trading; otherwise a trader can’t survive in trading.

Akasuki posted:

Mohammadi posted:
Earning is Forex is not easy at all. There is too many who loses money simply because they take it lightly. They think knowing minimum knowledge about Forex is good to kick off trading right away. They think they can earn good amount of money in here. But one thing I want to say in order to my trading experience , in Forex trading you like digging a hole, the deeper you dig the more chance its can turn into a well and get water.

Forex tests your patience so never get angry at trading. Proper mindset of trading should be developed for trading; otherwise a trader can’t survive in trading.

Never be angry trading.

There's no doubt that forex trading can be an attractive way to earn money. After all, what could be easier than simply buying and selling currencies? However, the reality is that forex trading is not as easy as it sounds. There's a lot of risk involved, and unless you know what you're doing, you could end up losing a lot of money.

great

DjmixmaxLateen posted:
There's no doubt that forex trading can be an attractive way to earn money. After all, what could be easier than simply buying and selling currencies? However, the reality is that forex trading is not as easy as it sounds. There's a lot of risk involved, and unless you know what you're doing, you could end up losing a lot of money.

Exactly my friend. I make money in forex and pay my bills, but the stress involve is terrific. This one of the reasons i guild my strategy and protect at all cost, and allow copying by others at equal sharing of profits, trading is stressful.

HeavLeighGill26 posted:
Forex trading is a job like any other, yet people want to come in with minimal effort and expect to gain huge rewards. You have to put in time and work to become a successful trader, just like you would to become a lawyer, or any other profession.

Forex is a job - pithily. Unfortunately, the most part of newbies don't understand that it's a real job and it requires the same amount of time as the ordinary offline job. I wonder why traders have a fake belief that forex trading is all about 'easy' money, weird approach...
Money likes those ones who try hard and devote as much time as they can. Only such traders will be able to receive benefits from trading activity. Wish all traders would understand this simple truth.

Phorbic posted:
I would say new traders should enter the market with long term goals rather than chasing profits without a proper plan. It does take time for a beginner to develop skills and experience surely teaches us any valuable lessons over time. Learning should come before earning and that will make you profitable in the long run.

Thank you