It's not surprising hat forex trading can open you doors for huge amounts of money. Actually, that's why orex trading attracts to much people. People like freebies and they are sure that forex trading relates to freebies. Nevertheless, traders understand that there is nothing for free in forex trading activity. Everything you face you should pay for it. You pay for it not only by your money when you lose positions, but also you pay by your mental and physical health. Trading exhausts people a lot, no doubts, that some people leave trading activity because they can't physically and mentally bear all the burden which they have to bring. However, money is concealed under all of these problems and if you will be wise enough and persistent, you can reach the success in this activity.
Forex is a great way to make money. It's not something new, but it's becoming more and more of a popular way of making money. The best thing is that you can start trading with small capital. All you have to do is find a good broker and start trading.
Totally agree with your words. Earnings in trading activity aren't stable. You can either earn some money or lose it. It depends on your skills, abilities and experience. However, there are some traders who just recenlty joined trading activity and they're already make good money. I think, it's just an exception, because ordinary traders make up to 70% of profit per month. If you just started trading activity you should set the objective not to lose money, forget about earning for a while until you understand all the mechanics on the market. After that, you can gradually, step by step, set higher goals I guess.
shortant posted: Forex is a great way to make money. It's not something new, but it's becoming more and more of a popular way of making money. The best thing is that you can start trading with small capital. All you have to do is find a good broker and start trading.
You need proper knowledge to make money from this market.
Mohammadi posted: Earning is Forex is not easy at all. There is too many who loses money simply because they take it lightly. They think knowing minimum knowledge about Forex is good to kick off trading right away. They think they can earn good amount of money in here. But one thing I want to say in order to my trading experience , in Forex trading you like digging a hole, the deeper you dig the more chance its can turn into a well and get water.
AS we all know, more than 95% traders are the strugglers here! So, logically there is no way to expect easy money here! Forex is a challenging job; and if you wanna make money here; make sure your trading skill 1st!
Forex trading is a job like any other, yet people want to come in with minimal effort and expect to gain huge rewards. You have to put in time and work to become a successful trader, just like you would to become a lawyer, or any other profession.
I think that a point that every new trader should keep in mind is that the forex market is highly volatile which can either be a blessing or a curse based on your trading decisions. A skilled trader is someone who learns to use this volatile nature to their advantage and earn profits with that. Whereas a trader becomes looser when they make wrong calculations and this volatility makes them lose their hard earned money in forex trades. You should focus on enhancing your skills and being consistent at first rather than on getting huge profits as a beginner.
Earning via trading is quite difficult and it takes months and years of learning to earn any amount of money. Your prime focus should be learning and strengthening your knowledge rather than earning money. After years of learning & experience, and excellent trading skills only, you can earn profits. If you’re patient and dedicated only then you will be able to earn money else the forex trading market is not for you.
The market is budding and everyday there is an addition so yes, I believe it is blooming and a great investment for someone who is clear cut in their goals and dreams and plans to achieve it no matter what.
It is no secret that all the traders start forex trading with the aim of making money. But it’s also true that it’s not that easy and not all traders are able to reach their dream of making money. Keep money-making as your secondary goal and understanding the market as your primary goal because that’s what will help you make money for a long time.
Forex is a $6tn a day business. I still don't understand what some think they hope to achieve by coming into it without taking the time to study and practice. You can earn very good money in medicine and law as well but you wouldn't just jump into those without years of study. Thinking you can simply shows you have no idea what you are doing as such you will have to learn the hard way.
If you can't spot the liquidity then you are the liquidity.
Earning through forex trading can be a two way road, depending on how you approach it. Trading forex is to be done with the utmost care, analysis, patience, and observation. If with these you make good profitable strategies, you are sure to build wealth out of forex. On the other hand many do the opposite, they are just in the market for their money and relying on luck to get profits. If you trade forex like that, then you will face loss most of the time, unless you have some magical luck.
Your earnings as a forex trader would totally depend upon your knowledge and skill level. A beginner must work hard and learn to develop the skills that are required for becoming a successful trader in the long run. Looking for shortcuts will only lead you to dead ends. So, just focus on learning and practice well on a demo account for enough time before risking real money in the market.
Nobody can deny that forex trading is profitable and can help you make an unlimited amount of money. However, it is also extremely dangerous. It is impossible to make money in the market without knowledge and expertise. At the start of your career, your primary focus should be on learning. It will later assist you in going long and making good money.
I won’t deny that forex trading has got to offer great benefits to anyone who is a serious trader. But I can’t also deny that forex trading can also take all your money if you don’t do it properly. Your results depend on how well you understand the market and how well you take advantage of the moving market. You need knowledge to understand the market movements and make your decisions accordingly. So, make the most of the market and don’t do anything that you don’t understand.