People come into trading

People come into trading in the hope of making huge money. Well it's good to see dream. But the problem is they want it without learning properly. They want to make money just by learning how to make an entry and close entry. They will learn some ready-made strategies available on internet. After sometime they wonder why it's not working. They think the one or two years that need for learning, I can be rich by that time by trading randomly.

Every trader joins the Forex market with a dream. But their dreams come true only when they gain experience. And works according to discipline and plan. And patiently creates a trading strategy.

Thanks good

AliaDare posted:
Every trader joins the Forex market with a dream. But their dreams come true only when they gain experience. And works according to discipline and plan. And patiently creates a trading strategy.

Every trader come to the market for making money. But not all traders can make money from trading.

There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.

Any trader that enters the forex market with the aim of making money often leaves trading mid way because they don’t get to make the expected profits in the beginning. Making money in the forex market takes time and traders need to keep patience to make it work for them.

KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.

True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.

inspirenez posted:

KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.

True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.

I’ve just graduated and got a clear idea about the fundamentals of forex. But then I wonder, everything I know is subjective or in theory. I still am not ready to take the risk of diving right into live trading. But yeah, I’m dead serious about trading and want to make it my full time profession. Any suggestions on how to go about it?

You have good attitude and importantly know your limitations. The best way to get comfortable with risk is to start with a very small Lot size and increase is by small amounts very slowly. You will gradually get more comfortable with the risks

sadiesimon posted:
For this reason, it is better to not keep an eye on the profits and money, rather one should focus on learning and improving their trades.

Right. People tend to jump to the conclusion when they heard that they can make money on forex or trading software without knowing the fact that you need knowledge and of course practice to pull such profits and money.

jimmyneeesham posted:

inspirenez posted:

KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.

True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.

I’ve just graduated and got a clear idea about the fundamentals of forex. But then I wonder, everything I know is subjective or in theory. I still am not ready to take the risk of diving right into live trading. But yeah, I’m dead serious about trading and want to make it my full time profession. Any suggestions on how to go about it?

Well, the very first thing you should be doing is researching in detail about a regulated and licensed forex broker and start with demo trading. This will help you a lot to put your knowledge into practice. A demo account will basically give you an idea of how the real trading world works without having to worry about losing any money. There are platforms like MT4, MT5, and Acttrader offered by the brokers like Fxview, Pepperstone, Oanda, and Avatrade for you to practice and see if these fit well with your strategies. Remember, a good broker but a poor platform or vice-versa, won’t benefit you in any way.

jimmyneeesham posted:

inspirenez posted:

KnowFinance posted:
There is no doubt in the fact that people want to trade to earn money, but one can become a successful trader only if he has the ability to learn and has ambition and patience.

True there mate. In fact beginners and experienced traders alike must bear in mind that it’s the consistency in practicing, learning, and discipline that would act as the key to stay successful in trading.

I’ve just graduated and got a clear idea about the fundamentals of forex. But then I wonder, everything I know is subjective or in theory. I still am not ready to take the risk of diving right into live trading. But yeah, I’m dead serious about trading and want to make it my full time profession. Any suggestions on how to go about it?

Another important strategy you can follow is to analyze the market on the weekend when it’s closed to study the weekly charts and notice the patterns that could affect your trading strategy.

Many people come into trading because it is one of the best ways to earn money just by sitting at one place. People can make huge money out of it and can achieve their financial goals but trading is not an easy task, it demands a lot of time, effort and patience too.

Trading is not possible by taking suggestion from some random guy. A pair doesn't always remain in the range or in the trend. And finding the starting point of a trend is the most difficult task. A pair ranging till today may start the trend in next few days. So it has no concrete answer. If you want to be a trader, you have to learn how to adjust with the changing market.

That is right and the learning process should be embraced by traders since it only helps them in the future. Better to start with scratch than regret later, I say.

MichaelEX posted:
Many people come into trading because it is one of the best ways to earn money just by sitting at one place. People can make huge money out of it and can achieve their financial goals but trading is not an easy task, it demands a lot of time, effort and patience too.

Yes. It is the most profitable business in this world now a days.

It's good to dream but you can't expect the highs without lows and putting in the work. There is no room for closed minds and lazy people in trading.

This process has been observed for a long time. You need to understand that many do not fully understand the essence of a trader's work and often suffer losses for this reason.