Investing in Forex

toygidog20 posted:
If Patience, Discipline and Accepting Losses are not your strongest characters, find other sources of investment.

Good skill Forex traders cam make consistent money here! Forex isn’t any easy way of money earning!

its a great way to make easy money here. But u need to give a lot of time and effort for get this success. but onece you done then nothing can stop you to earning money,

toygidog20 posted:
If Patience, Discipline and Accepting Losses are not your strongest characters, find other sources of investment.

In any case, in order to successfully support trade and be confident in investing, you need to have an additional source of income. I would not fully rely only on forex investing.

it is possible to rely on Forex income if you have a big trading account > $50,000 If you make 10% a month then that is easily liveable

TheDolphins posted:
it is possible to rely on Forex income if you have a big trading account > $50,000 If you make 10% a month then that is easily liveable

Yeah. I totally agree with you. Simple rule do not increase your risk to earn more. If wanna earn more then make a big deposit.

lanzu posted:

TheDolphins posted:
it is possible to rely on Forex income if you have a big trading account > $50,000 If you make 10% a month then that is easily liveable

Yeah. I totally agree with you. Simple rule do not increase your risk to earn more. If wanna earn more then make a big deposit.

Basically; we should set our targets on a new trade position based on space from the market; anything like illogical would be costly for sure!

the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  

Investing in Forex is very advantageous but there are different areas such as mental, strategic and analytical that must work perfectly to have good performance, the investments are not for anyone since the knowledge on the market must be very advanced to be able to obtain great profits and to be successful in this great market where it is easy to use in comparison to others, because that’s the world’s favorite.

particularly before starting trading , we consider this stock exchange as a casino and try to bring profit very rapidly without learning , but in practical there is no short cut way of earning and success in long time process in here.

Forex trading can be a rocky highway to enormous losses for a new trader. What you need to do is spend real good time on research regarding various trading terms understanding all how’s and why’s . Forex trading can make your rich but its not a get rich quick scheme. Profits come to those only who put in a lot of time and effort in studying the markets,trends and price movements efficiently. It can also do exactly the opposite that is you may run into huge losses. So, what you get from trading in forex depends on your strategy, knowledge , experience and observation skills. You can start by reading out books , magazines or newspapers. Then maybe try out demo trading to get a better view of how to place trades and monitor your techniques and strategies.

steve_25 posted:
Forex trading can be a rocky highway to enormous losses for a new trader. What you need to do is spend real good time on research regarding various trading terms understanding all how’s and why’s . Forex trading can make your rich but its not a get rich quick scheme. Profits come to those only who put in a lot of time and effort in studying the markets,trends and price movements efficiently. It can also do exactly the opposite that is you may run into huge losses. So, what you get from trading in forex depends on your strategy, knowledge , experience and observation skills. You can start by reading out books , magazines or newspapers. Then maybe try out demo trading to get a better view of how to place trades and monitor your techniques and strategies.

Really good advice. I wish that I have that when I first started trading

i think any approach can be useless if there is no real passion , we need to take Fx as a passion.

Forex is constantly changing so you can’t have a fixed pattern of how to start with trading in forex. Just learn, strategize and know your limits!

jakes90 posted:
Forex is constantly changing so you can’t have a fixed pattern of how to start with trading in forex. Just learn, strategize and know your limits!

Not exactlly. Forex is always up or down :)
I have trading strategy running with the same setting since 2013. Profitable of course:)

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

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

Basically; traders need to set the SL & TP based on the market demand; not based on their own emotions!

Mohammadi posted:
i think any approach can be useless if there is no real passion , we need to take Fx as a passion.

Trading with passion is trading with emotions.

Trading with emotions is a risk that typically will yield negative results.

Emotions should never be a consideration when opening a trade.

Never trade with passion. Neither investing nor trading fx market is incompatible with emotions. The only thing you can do with passion is spend a million dollars earned.

It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled