The dark side of forex markets

skihav posted:
In fact, the whole dark side is that the market can bring not only profit, and many are not ready for this.

Exactly, if one comes out of this emotional thinking, he will be able to trade successfully. First, he must build the ability to accept losses.

Yes, it is totally true that there are some big forces which actually drive the market in this or that direction, but they are an inseperable part of markets. All kinds of markets have these forces and we cannot escape them. I offer avoid thinking in terms of whether it is good or bad, we need to think about how to adapt to this situation and how to make pragmatic use of that.

Sairdred posted:
Yes, it is totally true that there are some big forces which actually drive the market in this or that direction, but they are an inseperable part of markets. All kinds of markets have these forces and we cannot escape them. I offer avoid thinking in terms of whether it is good or bad, we need to think about how to adapt to this situation and how to make pragmatic use of that.

You need proper knowledge to make a good career in this market.

Very well said! Forex trading has provided a way for people all over the world to make money. You don't have to worry about the rest of the world if you trade the way you want.

Sairdred posted:
Yes, it is totally true that there are some big forces which actually drive the market in this or that direction, but they are an inseperable part of markets. All kinds of markets have these forces and we cannot escape them. I offer avoid thinking in terms of whether it is good or bad, we need to think about how to adapt to this situation and how to make pragmatic use of that.

No matter what situation the market is in, it is necessary to predict that situation and act accordingly. That's the decent thing to do, and it should end there. You need to build trust and stay on top of market analysis.

Proper knowledge about the market will help you to get out of it faster. Knowledge gives an edge over the market and enables you to predict the consequences of your actions.

The dark side of trading Forex is that it’s a very serious challenge. A person may fail to cope with it. This negative experience may impress him too much and it may result in fatal consequences. For example, some people sell their apartments, cars to deposit their trading accounts and lose again, etc. It doesn’t mean that you are also doomed to follow this scenario. I just want to say that trading is not a sort of entertainment. It will test you as a personality how strong you are.

Yes, forex is a manipulative market, and it can be ugly because, as retail traders, you have zero control over it. Trading decisions by central banks can move the market. You can’t do anything about it, but you have full control over your trades. Understand your risks first and learn to control them. It is challenging, yet not impossible.

croisssan posted:
I would advise beginners not to rush to the 'dark' side. Initially, it is important to learn how to work properly, and then you can try it.

Well, in general Forex market looks like very easy way to make money but in the reality there have only few numbers of peoples who are making consistent money here! Forex is so much challenging Profession, There is no way to rely on others trading skill, you need to build your own skill, that’s the open secret!

“All that glitter is not gold”, as rightly stated, there are a lot of downsides of the forex market. Some of them are:

Risks associated with leverage

Trading forex can lead to an emotional turbulence

Operational risks

Getting scammed

It is true that the central banks and other bigger financial institutions have the authority to influence the market and retail traders like us can’t do anything because we are the miniscule part of forex trading. However, that doesn’t mean you can’t win. If you have a robust risk management strategy and workable trading strategy, you can still win high rewards.

gwendolyncole posted:
As per my opinion, the super high volatility is one of the dark sides of the forex market, hence everyone should trade with proper care, planning, and strategies.

But I think, volatility is a visible feature in Forex then how it can be issued as dark side? It’s true, the volatility score is decreasing gradually, but till now it’s an active market!

Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.  

I think the same is true of many hedge funds as well. They too are trying to second guess what the banks will do with price, just with more money than the average retail trader.

I don’t think there is anything darker than the fact that in spite of learning so well and practising on your demo account, your strategy can fail in the live market. You can never be 100% sure in the market and that’s because of the market volatility. No matter how well you prepare yourself for the market, you must also prepare yourself for the losses.

Like many other traders over here, I also believe that losses are the darkest side of forex trading. But that’s not an unknown fact and we get plenty of time to prepare ourselves for the losses.

Every trading and business has its own benefits and dark sides. Although the forex trading market is the largest liquid market in the world, it also has its negative sides such as high volatility and high risks.

The FX markets are what they are. They are not good / bad they are just markets when we accept that and understand them trading becomes clearer

The unpredictable market movements make it so tough for traders to make the right decisions. It’s obviously because of volatility that is a result of so many different minds trading in the market. There is nothing worse than this about the forex market for me.