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Is trading really that hard?

  • #361
  • Mar 12, 2018 6:14am Mar 12, 2018 6:14am
Quoting mlawson71
{quote} I don't get it either, to be honest.
Yes, it’s confusing!
  • #362
  • Mar 15, 2018 4:46am Mar 15, 2018 4:46am
Confusing at first. Once you get in the groove of it it's a rush.
  • #363
  • Mar 15, 2018 10:43am Mar 15, 2018 10:43am
Quoting willsmith121
Confusing at first. Once you get in the groove of it it's a rush.
True. It occasionally leads to a crash and burn, unfortunately.
  • #364
  • Mar 16, 2018 2:20am Mar 16, 2018 2:20am
Yes it is a fact that trading is hard and well said by Brook that it is well rewarding. I believe in hard work and learning behavior. People who fail here are those who want to earn a lot by just opening an account and taking a trade. I want to ask a question to all of you that what will be the result if a person jumps into sea without knowing swimming?
  • #365
  • Mar 17, 2018 8:29am Mar 17, 2018 8:29am
Quoting BudSpencer
If you know what you are doing, itīs "easy". If you donīt know what you are doing, itīs hard. This applies to everything in life.
I have always known this to be the humble looking truth most often ignored, but the master key to all doors of breakthrough. You can never succeed as a software engineer if you don't know what you are doing neither can you swim from one end of a river to another if you don't know what you are doing.

Trading is not different from any profession or activity that requires mastery to succeed. It is hard only when understanding it is lacking. Most traders jump into trading before understanding the markets and wonder why they lose. A good understanding of market behaviour must precede venturing into the markets. Indicators won't help, commercial forex products that guarantee 500% per trade won't help, blindly following trading strategies with buy and sell triggers from a combination of indicators won't help. You have to be your man. Ask yourself, why is the price trending? Why is it unable to break this range at the moment? How do I recognise a genuine breakout from a false one? What signs tell me that the market is building a cause to rise? Or fall?

I am by no means any expert and I'm still on my own journey of learning and self-discovery, but one does not need experience to know that to make it to a destination you must have a map. In forex that map is a good understanding of market behaviour. There's no substitute for that.

Understanding market behaviour takes off the weight of market mystery from your shoulders leaving you to concentrate on consistency.
Fred
  • #366
  • Mar 28, 2018 5:28pm Mar 28, 2018 5:28pm
Quoting Chronus
{quote} I have always known this to be the humble looking truth most often ignored, but the master key to all doors of breakthrough. You can never succeed as a software engineer if you don't know what you are doing neither can you swim from one end of a river to another if you don't know what you are doing. Trading is not different from any profession or activity that requires mastery to succeed. It is hard only when understanding it is lacking. Most traders jump into trading before understanding the markets and wonder why they lose. A good understanding...
Well spoken, Nice one
Okechukwu Jacob.C.
  • #367
  • Mar 29, 2018 3:11am Mar 29, 2018 3:11am
Well, to answer your question, it really depends on how you approach the market. I'm a new member here, but I've been trading a live account for nearly two months and let me tell you, if you take it seriously, it's hard, especially if you know you have your own money on the line. Now whether you're successful or blow your account on mistakes is an entirely different discussion. But what I'm here to tell you is that if you take forex as some online casino, you mind as well flip either heads or tails on a coin and making/losing money can be as simple as that. But on the other hand, if you're serious and trying to make consistent profits, you're going to do everything in your power to predict price movement and make sure you get in at the most opportune time without facing massive drawbacks and make sure your TP gets hit.

On a personal level speaking from experience, it's hard for me because I can spend up to 20-30 minutes waiting for something to align before I enter the market.
  • #368
  • Mar 29, 2018 10:14am Mar 29, 2018 10:14am
Quoting guttsman007
Well, to answer your question, it really depends on how you approach the market. I'm a new member here, but I've been trading a live account for nearly two months and let me tell you, if you take it seriously, it's hard, especially if you know you have your own money on the line. Now whether you're successful or blow your account on mistakes is an entirely different discussion. But what I'm here to tell you is that if you take forex as some online casino, you mind as well flip either heads or tails on a coin and making/losing money can be as simple...
Well said.
Also, if you're only waiting for 20-30 minutes before you enter the market then you have a pretty good strategy, I sometimes wait for hours or even days before I open a position.
  • #369
  • Mar 30, 2018 9:39pm Mar 30, 2018 9:39pm
Trading the Forex market depends on many factors like a trader, his skills, his plan, his management, the market, market movement, etc.
  • #370
  • Mar 31, 2018 8:47am Mar 31, 2018 8:47am
Quoting Butterscotch
Trading the Forex market depends on many factors like a trader, his skills, his plan, his management, the market, market movement, etc.
This is what makes it so difficult, I think. There are so many factors one should take into account.
  • #371
  • Apr 17, 2018 6:48am Apr 17, 2018 6:48am
Quoting Butterscotch
Trading the Forex market depends on many factors like a trader, his skills, his plan, his management, the market, market movement, etc.
A good trading skill is very much important parameter, really! Pro traders can easily track the nature of market because of their trading skill.
  • #372
  • Apr 17, 2018 9:15am Apr 17, 2018 9:15am
Quoting MapleLeaf
Don't waste your time and you money. In the end, you will lose it all. Remember this. Unfortunately you will dislike my comment, but actually I'm trying to help you save your money. It's up to you, tho.
I'm not trying to argue or start a problem or anything. I do agree with you to some extent that many people loose money in Forex, but I just have a question.

If what you said was completely true....why did you make a FF account in the first place? Why did you waste your time clicking on the FF website and reading this forum, or any forum for that matter?

If you are so convinced that everyone will "loose it all", why are you still involved in the forex community in general?

I just feel that to most people, it's a little hypocritical when someone like yourself, who has been a part of a forex community for the past 8 years, says that forex is a 'waste of your time and money" and that everyone will "loose it all". If you are so confident that forex is a lost cause, you would leave and never "waste your time" with anything relating to forex again. But yet you're still here, reading and participating in the community.... it's just a little confusing to me, that's all.

Maybe you do have a reason behind it, and if so, I would like to know. Thank you.
  • #373
  • Apr 18, 2018 1:53pm Apr 18, 2018 1:53pm
(1)Everybody thinks its easy that why everybody wants to do it...(2)It is hard that's why everybody is failing lmao..
People like you are the reason we have middle fingers
  • #374
  • Apr 19, 2018 8:14am Apr 19, 2018 8:14am
Quoting DarrenLehma
{quote} Yes, it’s confusing!
Yes trading is really hard unless you master it. It's not a thing for people who are not willing to learn it. And skills don't come in few months. You need good amount of time and dedication for learning. Most people come to trading with a hope of making quick money. That's the biggest problem.
  • #375
  • Apr 20, 2018 9:39am Apr 20, 2018 9:39am
Quoting AgusKurniaw
{quote} Yes trading is really hard unless you master it. It's not a thing for people who are not willing to learn it. And skills don't come in few months. You need good amount of time and dedication for learning. Most people come to trading with a hope of making quick money. That's the biggest problem.
If you ask me, trading remains quite hard even if one is an experienced trader already.
  • #376
  • Apr 20, 2018 10:54am Apr 20, 2018 10:54am
I think hardest thing is to stick to one strategy...and master it...many lose bcos they keep jumping one to another...
Focus, Patience, Discipline, Determination and Perseverance
  • #377
  • Apr 20, 2018 3:55pm Apr 20, 2018 3:55pm
Quoting Suran
I think hardest thing is to stick to one strategy...and master it...many lose bcos they keep jumping one to another...


The truth is that 99.99% of people don't have the stomach for this business. Most people flip flop from one system to another and never get a chance to become proficient any method.

Trading isn't that hard, it just takes a bloody long time to figure it all out. There is a hell of lot to master before you're good to go.
  • #378
  • Apr 20, 2018 4:14pm Apr 20, 2018 4:14pm
Quoting C-12
{quote} The truth is that 99.99% of people don't have the stomach for this business. Most people flip flop from one system to another and never get a chance to become proficient any method. Trading isn't that hard, it just takes a bloody long time to figure it all out. There is a hell of lot to master before you're good to go.
Totally agree...
  • #379
  • Apr 20, 2018 9:28pm Apr 20, 2018 9:28pm
Quoting C-12
{quote} it just takes a bloody long time to figure it all out. There is a hell of lot to master before you're good to go.
wouldn't that equate to being difficult ?

let's not pretend that it is easy , because it isn't I would go ahead and say it is as difficult and as challenging say if you were training to become a surgeon, an engineer or an astronaut the fact that there isn't proper guidance makes it even more difficult to master compared to these professions.
...
  • #380
  • Apr 20, 2018 10:24pm Apr 20, 2018 10:24pm
Quoting Piquant
{quote} ..... there isn't proper guidance makes it even more difficult to master ....

Yup 100% true.you need to find a good coach...and stick to him...I mean a coach like this...
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Focus, Patience, Discipline, Determination and Perseverance
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