Dorsin posted:Exactly!
To be good at trading you must fully understand and embrace the idea that it is extremely challenging and that you will lose money at it on a very regular basis. Once you internalize that thinking then you are in positions to develop a way to be successful at it. You can never take the market for granted. You always have to be on guard with the mindset that it is going to steal your cash if it is given an opportunity.
The odds of being a successful trader are only against you if you fail to recognize the amount of work and effort that it takes. I'm convinced that anyone can be a good trader if they have the necessary work ethic and cultivate a 'problem solving' mindset.
After all it's the game of knowledge and mindset.
Mar 17 2022 at 11:44
Though there are a number of people who have made it big in stock trading, trading in equities is not at all easy. One needs to have discipline and patience and it also requires research with a thorough understanding of the markets.
Rather lose everything instead of being greedy!
Mar 17 2022 at 15:40
I would say that trading is difficult in general, although it is more difficult for some than others. For example, some learn quickly and others have a harder time grasping all of the concepts. Some become consistently profitable sooner than others. I think we all run into problems and even the best of traders end up feeling frustrated at times.
Mar 19 2022 at 06:16
When you are new at Forex trading, it should seem hard to you. But you have to recover from the fear overtime. Otherwise it will create hurdle in the way of your trading. Make your own trading strategy and keep developing it on a daily basis.
Mar 19 2022 at 09:56
I can trade for you by profit sharing. If you agree, knock me here.
Gewgaw posted:
Forex trading is not only hard but a risky business. A trader needs to be very careful while trading. Like any other business, it needs a deep understanding of the market and a well calculated trading plan.
For me, Forex trading isn’t the easy option to make money! I have been doing Forex trading since 2016 but till now I’m not happy on my own trading skill! Here I’m making near about 68% success ratio although I use both, technical & fundamental analysis!
Mar 21 2022 at 05:56
davemack posted:I totally agree! And lack of knowledge is the main reason for new traders being scammed.
I totally agree. There are many people who claim forex trading to be easy and one can easily make profit out of it. They are all scams and a trader should know that.
UweMoench posted:That’s true, there is nothing like easy way of money making in Forex! More than 95% traders are unable to earn consistent money here! So, new traders need to focus on their learning process so keenly! Even, pro traders are unable to make more 80% success ratio!
Of course trading is hard. Trading is a high rewarding work. High reward doesn't come easily. A person needs deep knowledge and understanding of the market to be profitable. He also needs very strong mind set.
Trading is hard when the market remains out of its general behavior. This is how the market frequently behaves. Under this circumstance, a trader should trade very carefully to avoid losses. Controlling greed is the toughest job in trading that maximum traders can control in the end of the day.
Mar 23 2022 at 09:36
UweMoench posted:For sure it is.
Of course trading is hard. Trading is a high rewarding work. High reward doesn't come easily. A person needs deep knowledge and understanding of the market to be profitable. He also needs very strong mind set.
The actual aspect of it seems simple, but the psychology part is the hardest.
Mar 23 2022 at 16:38
UweMoench posted:Forex is a psychological game! So, if you want to follow your greed, then surely you’ll suffer! There is no way to make quick money in Forex! Money management is the obvious rule here, no way to ignore!
Of course trading is hard. Trading is a high rewarding work. High reward doesn't come easily. A person needs deep knowledge and understanding of the market to be profitable. He also needs very strong mind set.
Mar 28 2022 at 01:57
Yes, forex is very hard but you can make it easier with good knowledge and money management.
Well, it depends on your knowledge, it seems hard to those with lack of trading knowledge while easy for those who understands the market well.
Trading isn’t hard, but it isn’t easy either. You need to have a strong mindset, strong knowledge of the market, good analytical skills and have to put in your time and efforts.
Trading is hard for those who are not familiar with the nature of the market. They don’t have the right approach of trading, a better strategy. For those who are suffering this issue should not frustrate rather they should keep practicing to develop themselves. Talk to professional traders, if possible, to develop trading.
Mar 29 2022 at 05:49
Whether trading is hard or not depends on the market condition. Traders should avoid trading in critical conditions because such untoward situation can carry loss for a trader. Traders don’t understand the actual market trend that cause problem in trading.
Definitely it is and the hardest part is the emotional aspect if it dealing with losses when you've traded according to your strategy
Forex trading is a risky business, but this is a very potential business, and many traders like this business and keep involved in trading and learn how to make consistent profit here, maybe not be easy for some traders, because this also depends on skills in trading, the risk remains in forex trading business but we can control the risk start from the beginning to invest money in account trading.
Davidwise posted:So you're telling that trading is easy?
Those who find trading hard should stop it right then and there. Trading isn’t hard, but it’s the mindset with which a person is trading that makes it hard. If someone is passionate about trading and is willing to go an extra mile to learn its concepts properly would never say that trading is hard.
Yes, definitely forex trading is not a piece of cake for anyone. It’s quite tough especially for beginners. Forex trading has no shortcuts and you need to be patient and highly determined throughout your trading journey. Most of the forex traders are not able to earn money consistently because they lack adequate information and rely on some shortcuts and get themselves scammed too. When you start trading, make sure you have covered all the basics, fundamental, and technical analysis yourself and also you have to develop a trading strategy that suits you the best. I know it’s a lengthy process but there are no shortcuts to success and there’s no way out you can make money quicker.
