LyudmilLukanov posted: Forex is risky because most of the traders don’t have any analytical knowledge and they don’t know how to select a right broker for them. As a result, they get upset easily. Traders should not get upset so easily rather they should sketch out a plan by following which they can go ahead easily.
It is because they don’t know where technical tools works 50%, fundamental analysis works 99%. Lacking of the knowledge of fundamental analysis leads them not to reach the doorstep of success.
Forex is a highly volatile market so chaotic market situation is customary here. But traders should trade maintaining proper risk management and money management policy to shield against losses even in the chaotic market situation.
Yes, I can’t think of a way that gets you money easily. And if there is something like an easy way of making money, it is a scam. Before you start taking risks, you must get familiar with what risks are and how they can affect your trading. When you have information, you can win in all situations.
I don’t think there is any way of making money that doesn’t have a risk. Many people compare forex trading with a business setup and that is surely a risky venture. It takes time to become capable of facing challenges and come out as a winner in the forex market.
Any financial market is risky; forex is no different. The risk here is higher as the volatility is higher. The quick-paced changes in the market are risky for sentimental traders. Currency trading is also dependent on the economy of a country. The margin requirements in the forex market also pose severe risks to traders.
Yes, forex is risky. In forex trading, it's much simpler to lose money than it is to gain it. All forms of trading share this trait. The entire point of trading is to manage risk while putting a plan in place that offers a competitive advantage. Open a practice account to get started so you may simulate actual trading with virtual money. Use this practice account until you find a method you are comfortable with.
Forex trading is risky when you don’t know how to manage the risk well. A skilled trader can always minimise and cut the losses early with risk management. Novice traders often encounter huge losses as they lack risk management skills. But it is ok to lose during the learning process as long as you are not risking anything more than what you can afford to lose.
If you do not have required knowledge and expertise and you are making trades blindly. Then it is so risky that it can eat all your money. However, with a good knowledge and expertise you can make good money out of it.
As a newbie I think Forex is an excellent market to begin trading in, but it is definitely risky and not at all simple. That is why, it is important to have a good research and analysis of the market so that you can predict the market and make proper plans or apply risk management accordingly.
Yes, forex trading is risky, and it always will be whether you are a beginner or an expert. However, if you are willing to put in the time and effort to learn and practice, you will succeed and manage your account properly with correct trading strategy, money management, and risk management.
As a new entrant, it appears risky because you lack prior knowledge of the forex market and technical indicators. If you know what you're doing and use proper risk management, leverage is not risky on its own.
Yes, the risk is there as the forex market is very much volatile in nature. But the risk should be seen as an opportunity rather than a threat. Having proper knowledge and skills is the only way to manage the risk in forex trading. Dealing with losses can be hard at first but it is all good if you are able to cut the losses early with a proper risk management plan.
Yes, forex trading is definitely risky. What contributes to its risk factor is high volatility, unpredictability, and market range. But with proper risk management, you can reduce the amount of capital you are risking to lose, and with correct analysis, you can make almost accurate predictions of the future market movement direction.