Is trading hard?

Trading is not a game that you have to take challenge to do something within specific time. If it happens naturally that's very good. Trading is all about skills and knowledge. You can't overshadow your knowledge and skills by taking extra risk. Be rational and trade according to your capabilities.

irkedduff posted:

turduckenpant posted:

Quange posted:
In the forex market and in reality, they agree quite easy, it requires effort and maximum concentration, therefore, before you go to this market, you can think very well and evaluate your capabilities.

Absolutely! It won’t be easy to trade and make profits when a trader has no idea about what is going on. Discipline and focus are very important.

When you work in the direction of your goals, things might seem easy. But you will still have to keep a check on what you are doing to ensure that there are no distractions that can become obstacles in your way.

Yes, I agree. As I trade with different brokers at a time (mainly fxview and schwab), I try my best to stick to my strategies to trade and exit as I have planned. At the same time I leave space for little modification (which is an art I have perfected somewhat now) in my plan as per market behaviour.

the best thing for beginners is to be able to test their ideas back in time through backtests, so you need to create a software that automates your idea and see if throwing it back in time is valid. To do this, today it is very simple because there are builders more or less easy to use that allow you to create your own software by yourself. For example, I use the tradeboot platform, but there are also other types of strategyquant or molanis. Since I switched to automatic trading I have started to earn, before with manual trading I was always at a loss.

Nothing is easy in forex trading. You have to trade consistently and learn from these trades so that you can get the clear ideas and have better strategies to trade further. Try to remain updated with the news about forex. I found that keeping us updated with the news helps us to make better decisions.

You don't need to be correct 100% of the time.If you are correct 50% of the time and have 1:2 risk reward ratio, you will make money here. Problem is we want to be 100% correct and do not want to follow any discipline.

blackChelsea posted:
Nothing is easy in forex trading. You have to trade consistently and learn from these trades so that you can get the clear ideas and have better strategies to trade further. Try to remain updated with the news about forex. I found that keeping us updated with the news helps us to make better decisions.

True. Market is changing consistently. So, learn and practice even if you are a experience trader.

If you are making bad deals, you should take your time to realise what you are doing wrong. The best way to figure out how to improve your trading is demo. Go back to it and make improvements to your trading strategy or improve your trading skills. It is better to lose on demo than on real account

Forex trading is obviously hard but once gaining proper knowledge, you’ll start liking it. But trading is super hard for those who let their emotions hinder their performance.

Well it's not easy. A lot of time goes I to learning how to trade

Trading is not an easy task. It’s really hard if you don’t have knowledge about it.
It demands time and effort to gain knowledge and experience. Trading without knowledge is not a good idea.

I know im stating the obvious but yes it is .
People arent staying on demo long enough i suggest 6 months minimum while studying TA and FA .

Jungle78 posted:
I know im stating the obvious but yes it is .
People arent staying on demo long enough i suggest 6 months minimum while studying TA and FA .

I also agree. Real trading is also needed to learn trading completely.

Many people do not step into the forex market because they think forex trading is hard. But the truth is, if you understand the working of the market, you will get to know about the benefits of the market.

forexminded posted:
Many people do not step into the forex market because they think forex trading is hard. But the truth is, if you understand the working of the market, you will get to know about the benefits of the market.

If you have enough knowledge, you can easily make a good trading career in this market.

At the very least, trading is not the easiest way to make money. Without training, there is definitely nothing to do here.

skihav posted:
At the very least, trading is not the easiest way to make money. Without training, there is definitely nothing to do here.

Trading isn't easy. If it was easy, everyone on the market could earn money. Forex is only accessible to experienced and skilled people.

Michihito posted:
You don't need to be correct 100% of the time.If you are correct 50% of the time and have 1:2 risk reward ratio, you will make money here. Problem is we want to be 100% correct and do not want to follow any discipline.

Exactly, there must be a loss in trading, but the ability to cover that loss must be created. How is that possible? Can be covered by 1: 2 risk ratio. And managing 2% risk makes trading much easier.

Trading forex about how to manage money to make money, this is required hard work and combine with smart work, trading indeed easy to do, but it's not simple, how to make profit consistently in daily trading is the most difficulties among trader, I am only once time get consistently in a month trading, but at least has higher accuracy is better with ration at least 70% probabilities

There are a massive set of skills needed to be a successful trader but it is attainable but like a degree or anything else worthwhile having you have to work at it. No other way around it