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Forex is good in terms of return
Sep 13, 2021 at 06:55
Anggota Sejak Dec 28, 2020
187 pos
Williamfreed posted:Yes planning for anything is very easy but executing the plan and working according to it is the real test, that is why before going live we need to practice on demo accounts.
While it is easy to put things on paper and plan while outside the market, getting into the market and implementing your plan really tests your ability and capabilities. Your first plan can be made better if you take market experience into account, since with experience you can overcompensate for any deficiencies.
Sep 28, 2021 at 20:04
Anggota Sejak May 16, 2019
29 pos
I do agree with you here, if we talk about short-term investing. Forex trading can bring you really high profits in a short period of time especially if we compare it with some other forms of investing. However, if we talk about long-term, investing in stocks or funds is much more profitable and less nervous than trading.
Sep 29, 2021 at 00:22
Anggota Sejak Apr 03, 2021
470 pos
Forex trading is a high-risk high gain, for long term return if any trader already having good ability to make a consistent profit, it will become a good gain for the long term, but indeed forex is risky, maybe only 15% traders can survive and make money in forex, diversification investment is one way to manage to invest business, an investor suggested to giving less than 30% potion for trading.
Anggota Sejak Aug 27, 2017
121 pos
Sep 29, 2021 at 13:46
Anggota Sejak Jul 19, 2020
751 pos
@8christianpaul8 Of course Forex has risk. That's why risk management is so important in Forex. If it's not risky then there is no point of risk management. Every business has its own risk but Forex is riskier.
Anggota Sejak Aug 27, 2017
121 pos
Sep 30, 2021 at 05:35
Anggota Sejak Aug 27, 2017
121 pos
I'm not saying it's not risky. I just don't agree that it's high risk as others mentioned. I agree that everything has its own risk. When you say riskier, compared to what? Money management solves any risk with Forex. It doesn't have to be high risk.
Trading is a marathon, not a sprint.
Anggota Sejak Jun 17, 2021
46 pos
Oct 01, 2021 at 10:32
Anggota Sejak Jul 19, 2020
788 pos
karenpeters posted:Exactly, a lot is needed to make profits in development skills and money management trading.
Everything comes with a risk. With a good strategy and proper Money Management, you can make a good profit. Developing trading psychology is also an important factor to consider in Forex.
Oct 01, 2021 at 13:06
Anggota Sejak Mar 28, 2021
617 pos
@karenpeters Yes you are right. Good strategy, risk management and a solid trading psychology is very much needed for success in forex trading.
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