Is forex trading really worth it?
Jul 08, 2021 at 04:54
I am a beginner in forex trading just like you. At first I think it is completely normal to feel a little at a loss, or not sure how to go about it. I am trying my best to read and understand as much as I can so as to be in a better position to start off as best as I can. I am aware that there are going to be downfalls, but I want to believe that over time I will also manage to do well. Success is surely not something that can be achieved quickly and overnight. So do not feel discouraged just yet. Stay there, try to learn and my suggestion is to start off with small steps. In time you will manage to make small successes which may eventually become bigger and better.
Membro Desde Mar 16, 2021
477 posts
Jul 25, 2021 at 02:39
Worth it. I have lost for a long time but never thought negatively. I have learned from mistakes and traded with patience.
Membro Desde May 19, 2020
401 posts
Jul 26, 2021 at 11:25
Don't judge your hobby or business in terms of whether it's worth it. Yes, definitely whatever you do will be worth it with the most effort and professionalism. If you are asking this question, then you are probably not sure if you want to be a forex trader or investor. You should not look for reasons or excuses, it is better to find the activity that will be worth all the efforts for you, whatever they may be. Forgive me for being immodest.
@Marcellus8610
Membro Desde Jul 26, 2021
26 posts
Jul 26, 2021 at 12:29
MauMar posted:Trading costs millions and at the same time not even a cent, because it only depends on you how your result will be promoted. Try to pause and trade on a trial account with a small deposit to gain confidence in possible success. It's worth it for the one who tries
I have been trading forex for a while now but I have not had any success. Is forex trading really worth it?
Membro Desde May 19, 2020
401 posts
Jul 27, 2021 at 09:17
MauMar posted:A bit of inspiration if my previous post got you thinking.
I have been trading forex for a while now but I have not had any success. Is forex trading really worth it?
When I started trading, and lost my first fund (it was an account with $2000), I realized that I couldn't just leave without accepting this challenge.
Then, I talked with professionals, met successful traders and learned from my own and others' mistakes. Now my trading system shows about 9% per month and I am glad that after I lost my first $2000, I did not give up.
@Marcellus8610
Jul 30, 2021 at 00:10
Forex and crypto trading both is risky, where the money will depending on the skill each trader if they can mastering knowledge about trading currency pairs, forex is one business that will provide the money, but if like to trading crypto, they also need to understand for fundamental crypto market beside technical data analysis.
Membro Desde May 19, 2020
401 posts
Jul 30, 2021 at 08:03
FXOday posted:Buying cryptocurrency is no more risky than trading in the forex market. For successful forex trading, you also need to take into account fundamental signals and work with news.
Forex and crypto trading both is risky, where the money will depending on the skill each trader if they can mastering knowledge about trading currency pairs, forex is one business that will provide the money, but if like to trading crypto, they also need to understand for fundamental crypto market beside technical data analysis.
Cryptocurrency shows itself well as a long-term investment, so the cheaper you buy it, the more your earnings will be.
@Marcellus8610
Aug 03, 2021 at 16:49
@UweMoench Yes you are right. Trading requires deep understanding of the market. For that one needs good skills and knowledge. Whether forex Worth or not depends on how capable you are.
Membro Desde Apr 18, 2019
30 posts
Aug 04, 2021 at 16:38
It is worth it if you learn from your mistakes. Analyse your trading and make a trading journal in order to see your mistakes and correct them. If you don't do corrections of mistakes, yur trading will always be a failure irrespectively of your experience.
Membro Desde Mar 16, 2021
477 posts
Nov 07, 2021 at 01:21
Retail traders usually make more losses. Because emotional trading is the cause of it. You will have success but you will have to build knowledge from mistakes with patience. So that the same mistake does not happen more than once. Risk must be managed. No more than 2% risk can be taken.
Nov 11, 2021 at 23:27
skihav posted:Yes forex trading is not easy, however, are still so many opportunities in the market, forex trading will become challenging business for some traders, and when they get success, make big money from forex, money like as paper and maybe you will to spend for deeds with give money for people around you, but when faced with a big loss and make you borrow money in the bank, this will not good story, each trader have own story on the journey.
Trading is generally an interesting process that is difficult to compare with anything and accurately describe.
Membro Desde Aug 05, 2021
401 posts
Nov 16, 2021 at 17:01
It's possible to make good money by forex trading, but I think whether it's worth it is a personal decision. If you're willing to put in the effort to figure out what's going wrong, change your strategy, etc. then it will likely payoff for you in the end. It's a lot of work to become consistently profitable, so you need to decide if this is something that you're willing to work for.
Nov 18, 2021 at 04:41
Every trader goes through this phase when they are forced to think whether it is worth the effort or not. I believe whoever survives through this period surely gets successful because forex is a place where you’ll get countless opportunities. It’s up to you how well you utilize them. Just don’t have too many expectations and work on making yourself a better trader and everything will fall into place eventually.
