The beauty of forex trading

The beauty of forex trading is you can do it from anywhere. You are your own boss. If you know how to do it, it gives you freedom of time and money. The ugliness is it's the most risky business in the world. You can lose some money even before you understand what trading is. It's not easy as you have heard. You have to be skilled by dedicating yourself to learning and practicing.

Forex trading is very popular with me. Forex can gain a lot of profit if the experience is possible. Because it is impossible to survive in trade without trading experience.

Trade as a side business or part time job. Even student can trade in forex market.

Alisson332 posted:
Yeah. It is easy to trade and the market is open 24 hours, so anyone can trade from anywhere in the world. It is very convenient.

But the problem is not everyone can make a good profit in return if they are not very well versed in trading. They are literally asking for trouble with opening an account with zero experience.

Yes, trading can be done from anywhere but earning profits is not possible in every scenario

Beauty of forex is you are your own boss and you can do it from anywhere. But this is not so easy, forex trading demands knowledge, experience, consistency and patience.

If you are a day trader it's not possible to make pips everyday. In some days you won't get any trades. You have to sit on sideline bench. If you want to keep a goals make it 3 months 6 months or yearly goals.

That is right. You can actually trade anytime you want from anywhere in the world.

yes the access from everywhere is the best part. one can earn money (also loose😁) while sitting at home.

Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.

Michihito posted:
The beauty of forex trading is you can do it from anywhere. You are your own boss. If you know how to do it, it gives you freedom of time and money. The ugliness is it's the most risky business in the world. You can lose some money even before you understand what trading is. It's not easy as you have heard. You have to be skilled by dedicating yourself to learning and practicing.

Yes some day soon ill be sitting in the sun trading :) Im from Ireland the sun doesnt come here often lol

It is very important to choose a good broker first to do proper trading. After choosing a broker, you have to practice a demo under that broker. After long 6 months of demo trading, you have to join real trading. You have to learn trading online or from a good mentor. You have to analyze the strategy with patience and move forward in trading.

Tremblay posted:
It is very important to choose a good broker first to do proper trading. After choosing a broker, you have to practice a demo under that broker. After long 6 months of demo trading, you have to join real trading. You have to learn trading online or from a good mentor. You have to analyze the strategy with patience and move forward in trading.

Don’t you think there’s no fixed time for how much time one takes to learn? It’s not mandatory that one has to spend 6 months demo trading. One can shift to live markets whenever you feel confident enough.

Yes obviously it is easy to trade, you are not restricted to a place or within a time period still trading is not that easy which we initially think. To become an experienced trader you need to learn a lot of things and you have to on a regular basis.

deborahbennett posted:

Tremblay posted:
It is very important to choose a good broker first to do proper trading. After choosing a broker, you have to practice a demo under that broker. After long 6 months of demo trading, you have to join real trading. You have to learn trading online or from a good mentor. You have to analyze the strategy with patience and move forward in trading.

Don’t you think there’s no fixed time for how much time one takes to learn? It’s not mandatory that one has to spend 6 months demo trading. One can shift to live markets whenever you feel confident enough.

True. I just demo traded for 2 months. Learned enough and now I am earning good.

George my man, I think automated tools should also be provided by it.

Tremblay posted:
It is very important to choose a good broker first to do proper trading. After choosing a broker, you have to practice a demo under that broker. After long 6 months of demo trading, you have to join real trading. You have to learn trading online or from a good mentor. You have to analyze the strategy with patience and move forward in trading.

Yes, a broker is the most important element in this market.

I believe that the main beauty of forex trading is that it never ends actually. There is no border at all. You can earn here as much as you can, nobody prohibits you to stay in this activity during the whole life, the matter is a proper money and risk managements. In my opinion, it's the main convenience of forex trading as well as any other kinds of tradding activity. Of course some people sometimes burn out from trading, because it sometimes can be mentally tough to handle the burden, nevertheless in these times market determines who is suitable and who deserves to stay on it further, and who isn't deserved.

Yes, of course, the broker has an important role for traders make money, they like as bridge between trader to the interbank market, but not all brokers use Direct Access Market, there are some broker called market maker or dealing desk broker, which order by the client not directly throwing to the interbank market, but held on the desk if no matches price it will requote.