It takes time to build a successful trading career. You have to go through a series of profits and losses and still trade to make additions to your experience. Your losses may take away your money but they give important trading lessons that help you in staying in the forex market for a long time.
There's no denying that forex trading is a very tough business. But for those who are willing to put in the hard work, forex trading can be a very lucrative career.
Traders need to be disciplined and patient, and be willing to take calculated risks. Most importantly, you need to be able to handle losses. Losses are a part of forex trading, and you need to be able to accept them and move on. If you let losses get to you, you'll never be successful in this business.
Forex is the largest money market in the world where more than four trillion transactions take place a day. How amazing it is that you are trading in this largest money market sitting home. But coping up with the market condition is a little tough but nothing impossible as experts are already doing. Try your best to survive in the market.
Honestly, Forex is like a thorny street for beginners as they initially don’t have sufficient trading knowledge. They make mistakes and they are ignorant of terms and conditions of the Forex market. This is the reason Forex seems scary to them and they also remain in confusion what they should do and what they shouldn’t.
It’s not a joke that the number of winning traders in the forex market is not even half of the losing traders. Reading about a few strategies doesn’t make you a profitable trader. It’s your constant effort to take risks that does.
For some reason, many newbie traders have the illusion that now they will come to trade and immediately earn millions @Pelagic . Alas, it's not. Guys right that forex's indeed too tough business. The business where you need to constantly invest your time, money and perseverance. The strongest win. And it is true. On my own, I add that if you really want to make money on forex, it's important to be stubborn and not dwell on losses. And they will...
The forex market is not for the faint of heart. It takes a lot of things to learn about the business and have the experience to be risk-free in any market condition. A person must first prepare for the trade before engaging in it.
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.
Forex trading is tough because it’s a dynamic market that is highly unpredictable as it depends on many external factors. So, in order to become profitable, traders need to constantly update their strategies and skills to survive in the market.
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.
It’s not easy to put any business on track. You have to go through a lot of hard work, testing, and losses, to find out what is right! Forex trading is no different. You have to keep patience from the very beginning to put your trading career on track.
Trading is really tough. A trader has to go through a series of losses, and there will be a decent amount of mistakes as well from time to time. No one can trade perfectly in the beginning. Being mentally stable is even more difficult especially when a trader is witnessing a series of losses. But, those who overcome all these challenges and stick to the process of trading become successful.
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.
Forex is tough indeed. There is nothing like ‘easy riches, no pain’ in forex. You have to do the hard work. But if you persevere, you will start understanding the concepts of forex trading and make successful trades, but you will have to remain focussed at all times.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.