finnishpension posted: If I knew how tough it would be before I started then I would probably have done something else. I am in too deep now to get our though
Keep going. Don't give up now. You can make it in the end. Forex is tough but people fail because they are not prepared for the long tough journey but at the end of the road is the promised land
People fail not because they are not prepared, they fail because they are not talented/smart/disciplined enough. Do you think that everyone who is prepared for a long journey eventually makes it? Thats nonsense.
The fact is that most people are just not suited for FX business, just like most people are never going to make it in professional sports. They can invest as much time and energy into it but if they dont have certain qualities, they are never going to make it no matter how hard they try. So telling people that they will make it if they just put enough effort into it is the worst advice you can give.
Yes, it's true Forex trading is really a very tough business in the world for Forex traders. But in spite of being so tough for earning money unlimited people do interested in this business. If you want to do trading in Forex you have to be enough skilled. Traders who are very skilled and experienced can achieve their trading success early and easily. Without good trading skills, you can only lose.
Yes, trading forex can be challenging and fraught with risk. However, there is also the possibility of making a significant amount of money from it. One bad decision can cost you a lot of money, whereas one good decision can make you a lot of money.
The foreign exchange market is extremely volatile and risky. This is why most people believe forex trading is difficult. However, if you can learn and have a thorough understanding of the market and a good adaptability in the ever changing market, things will be much easier for you.
I think it is the tough and challenging nature of the market that keeps us interested. It is human nature to always chase after something that is challenging, because solving that challenge gives us an indescribable boost of serotonin. For me, honestly I am so intrigued and deep into forex trading that I don’t think I will stop trading anytime soon in the coming years.
Trading is not an easy task. You need to study and understand the market daily, due to the fluctuation. For trading, you need experience and that comes with time and practice. So, the more often you practice the more you are able to understand the market well.
You can understand everything in Forex once you put your mind and skills into it with the right approach and psychology. Only the areas where we do not put our efforts seem difficult, rest everything is achievable with predefined goals and correct strategy. One should learn tools and techniques in forex in order to predict the market price movement and perform according to it for positioning trades.
Zemirah posted: If you want to make it big and for a long time, you need to keep trying when you lose. You cannot give up easily. Forex trading is not for the faint hearted. You need to have a good grasp on analysing the market effectively. While it may be tough, it is also not impossible to make profit. If you follow a plan and maintain focus, you will win.
I wish that were true. I have a plan and maintain focus but my own trades always lose :(