Trading success needs time and huge efforts. It is impossible to reach consistent success in tight deadlines. You need to practise a lot and learn.
@RobertFerrari I believe along with hard work smart work is required as well. A trader must understand the market patterns and apply stop loss accordingly.
skihav
Uczestnik z Sep 05, 2021
801 postów
Oct 07 2021 at 13:41
In principle, you can make good money on a short - the main thing is to know the right moment.
Akasuki
Uczestnik z Mar 28, 2021
617 postów
Jan 01 2022 at 05:44
Forex is not any easy way of money making! So new traders shouldn’t expect any shortcut strategy or system! It’s a long term journey.
Suradi
(FXOday)
Uczestnik z Apr 03, 2021
463 postów
Jan 02 2022 at 22:57
Yes, forex trading is not easy, this needs huge effort and hard work, but as an investor, they have the option to look good manager PAMM if they have no sufficient skill to trading with own hand, and of course, choosing manager PAMM also need research and keep investing money based golden rules, just spent money that affords to lose.
Seb King
(sebking1986)
Uczestnik z Apr 09, 2019
538 postów
Jan 03 2022 at 07:03
I think if you want to gain money easily then forex isn't right for you. There are plenty of easier ways to gain money and many that are passive like investing in index funds. But if you want a challenge in many different aspects of your life and to your personality then trading might be for you.
If you can't spot the liquidity then you are the liquidity.
AndrewMcCalam54
Uczestnik z Jun 12, 2021
132 postów
Jan 03 2022 at 09:39
there is no short cut way of learning and earning from there , you need to pass a very long time in there with great level of patience. otherwise trading can be useless.
There is no shortcut in life, just like there is no shortcut to the trading, whether it comes to making money or learning.
sharabela
Uczestnik z Dec 09, 2013
139 postów
Jan 03 2022 at 16:38
UweMoench posted:You are absolutely right on the note that there is no short cut. Forex trading is hard. Traders must devote themselves to learn trading and be patient with it. There is a saying that invest your time before investing money. If we be in a hurry to make money by trading, we will surely lose. Let us make sure that we deal with this market with ultimate caution.
There is no short cut to success. In short time anyone can get some temporary success but for sustainable success, it needs time. But most traders do not try to understand this simple fact. They live in fool's Paradise. They want to make quick money without necessary skills and knowledge.
@sebking1986 Rightly said, there is no reward without hard work. Forex trading is a field that if you master it once can help you reap rewards for years to come.
HeavenLeighGill
(HeavLeighGill26)
Uczestnik z Aug 05, 2021
401 postów
Jan 10 2022 at 15:53
Becoming consistently profitable definitely takes time. It's never a good idea to rely on forex gurus or to listen to anyone that claims to have found the holy grail. Nothing can be guaranteed either.
skihav
Uczestnik z Sep 05, 2021
801 postów
Jan 10 2022 at 17:51
This is best done depending on the market situation. Sometimes such a choice can be quite profitable.
Suradi
(FXOday)
Uczestnik z Apr 03, 2021
463 postów
Jan 10 2022 at 23:35
HeavLeighGill26 posted:It needs time and sacrifice, there are will face so many obstacles how to finding suitable and profitable trading system, this also needs to improve mental trading where with strong mental hence we can learn more motivated and having good mindset if wherever we are will have same opportunity to become a successful person
Becoming consistently profitable definitely takes time. It's never a good idea to rely on forex gurus or to listen to anyone that claims to have found the holy grail. Nothing can be guaranteed either.
HeavLeighGill26 posted:Strongly agree on this. Learning each and every trading concept on your own is the key to get successful in forex trading. After all, you must know about the HOW and WHY of any trade you are placing.
It's never a good idea to rely on forex gurus or to listen to anyone that claims to have found the holy grail. Nothing can be guaranteed either.
Lethab_Mpho
Uczestnik z Nov 20, 2021
19 postów
Jan 11 2022 at 06:32
Shortcut is always for failures and not for success!
PeteLanceley
Uczestnik z Nov 06, 2018
83 postów
Jan 11 2022 at 13:45
UweMoench posted:For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.
There is no short cut to success. In short time anyone can get some temporary success but for sustainable success, it needs time. But most traders do not try to understand this simple fact. They live in fool's Paradise. They want to make quick money without necessary skills and knowledge.
I can even tell you more. There is no fast result in every activity. It doesn't relate only to trading actually. I believe that all activities require skills, patience, knowledge and experience. To my mind, the more you will dedicate to trading or any other activity, te more chances to become successful you will have. It doesn't mean that you will never receive any profits from the activity, it just means that you have to work hard if you want to be successful. Generally, I agree with your words and suppose that you're totally right. I wish all the novices in trading would understand this truth.
Suradi
(FXOday)
Uczestnik z Apr 03, 2021
463 postów
Jan 11 2022 at 23:08
PeteLanceley posted:When traders already give up and leave forex, they lose all chances to make money through forexUweMoench posted:For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.
There is no short cut to success. In short time anyone can get some temporary success but for sustainable success, it needs time. But most traders do not try to understand this simple fact. They live in fool's Paradise. They want to make quick money without necessary skills and knowledge.
but if traders already felt addicted to forex, although they leave forex but later will come back again because curious about how to make money here.
CraigMcG2020
Uczestnik z Jul 20, 2020
399 postów
Jan 12 2022 at 07:49
PeteLanceley posted:UweMoench posted:For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.
There is no short cut to success. In short time anyone can get some temporary success but for sustainable success, it needs time. But most traders do not try to understand this simple fact. They live in fool's Paradise. They want to make quick money without necessary skills and knowledge.
Completely agree, i dont think that the high failure rate is that you cant make money from forex i believe its the fact that people cant stay in the game long enough and endure the learning curve. Once you do the world is your oyster