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Very tough business.
Membro Desde Jun 09, 2020
36 posts
Jun 23, 2020 at 10:54
Membro Desde Jun 09, 2020
36 posts
There’s no denying the fact that Forex trading is tough. This makes it essential to be aware of all the aspects related to trading before you plan to risk your money in it. You need to be active enough to keep the track of the changing market and have to make a move according to it, making sure you avoid the losses.
Jun 23, 2020 at 11:27
Membro Desde Apr 28, 2020
52 posts
walisiam posted:Totally. Psychology is one of the biggest challenges traders face. And once we overcome that challenge we are closer to our goal.
It's not that tough bro, getting a strategy is very easy, but the psychology part is very hard, sticking to the strategy through the wins and losses is very tough.
Jun 25, 2020 at 11:14
Membro Desde Jun 24, 2020
14 posts
So true, forex is actually difficult and complex. Due to its complex nature, extensive knowledge and skills are very much necessary. Prices of currency pairs keep on changing with a blink of an eye. Need to monitor the analysis carefully and practice your strategies to bring more accurate results. Choose your broker wisely as per your requirements and needs.
Membro Desde Jun 22, 2020
77 posts
Membro Desde Feb 22, 2011
4862 posts
Jul 20, 2020 at 12:23
Membro Desde Feb 22, 2011
4862 posts
Forex is the same as any other business that creates a big income.
If you are CEO of company you had even more stress and work to do.
Forex is rather easy to handle if you need just like 2% a month, that could be achieved easilly but in such case you have to deposit significant amount of money.
So with let say 25% a year profit and $50,000 living costs you need to deposit $200,000 and trade it carefully.
If you are CEO of company you had even more stress and work to do.
Forex is rather easy to handle if you need just like 2% a month, that could be achieved easilly but in such case you have to deposit significant amount of money.
So with let say 25% a year profit and $50,000 living costs you need to deposit $200,000 and trade it carefully.
Membro Desde Jul 09, 2019
38 posts
Jul 21, 2020 at 10:47
Membro Desde Jul 09, 2019
38 posts
Dictiony posted:
Yes, it is true that Forex is very tough business and you should not leave at this stage and should contnue learning. One day you will be able to make good profit in it and you can be a successful trader.
I agree with you. The process of learning has to be ongoing for any trader.
Membro Desde Jun 26, 2020
327 posts
Jul 22, 2020 at 17:37
Membro Desde Aug 09, 2017
785 posts
Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , overtrading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.
Membro Desde Jun 05, 2020
33 posts
Membro Desde Jul 23, 2020
759 posts
Aug 21, 2020 at 17:28
Membro Desde Jul 23, 2020
759 posts
Shelby10 posted:You are right. Forex trading for the first time is always difficult, but with constant study and training, it will be easy. It can be difficult to understand FX, but once you understand FX, you can easily earn money by trading.
Forex is very tough business, when you don't have any knowledge about this market. If you have enough knowledge about this market, it will be very profitable and easy.
Membro Desde Jul 20, 2020
341 posts
Oct 07, 2020 at 06:57
Membro Desde Aug 11, 2017
886 posts
Forex market place is a part of ocean where there is anyone who can survive in a proper way without most powerful analyzing trade knowledge; if you are a newcomer please go to pips School which is very supportive for the newcomers to acquire all fundamental knowledge. And trade a demo account at any broker, learning and practicing is a great combination and this can will help you must be if you try it.
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