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Is trading really that hard?

  • #381
  • Apr 20, 2018 10:36pm Apr 20, 2018 10:36pm
Quoting Suran
{quote} Yup 100% true.you need to find a good coach...and stick to him...I mean a coach like this... {image}

that's a little extreme, but hey it if works for you then why not ?
...
  • #382
  • Apr 21, 2018 1:59am Apr 21, 2018 1:59am
Trading is very hard and anyone who says otherwise is selling you something. I have never met anyone in person who has made a living trading but i have met plenty of doctors, ceo's, athletes.

I have never seen a tangible, point by point trading system that can consistently make money.
  • #383
  • Apr 21, 2018 3:18am Apr 21, 2018 3:18am
Quoting Piquant
{quote} 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.
The act of finding a high probability setup with a decent RR ratio is relatively easy. I'd figured that part out in about 2 3 months.

What makes trading difficult is the psychological side, the patience, the emotions, compulsive behaviour caused by fomo etc. I think some people have an easier time than others.

You've either got a good handle on these things already, or it's going to take many years to adapt.
  • #384
  • Apr 21, 2018 5:21am Apr 21, 2018 5:21am
Quoting Piquant
{quote} that's a little extreme, but hey it if works for you then why not ?
.But I see, good mentors are not available here & there; it’s a very critical issue for the new traders.
  • #385
  • Apr 21, 2018 5:25am Apr 21, 2018 5:25am
Quoting Suran
I think hardest thing is to stick to one strategy...and master it...many lose bcos they keep jumping one to another...
That was exactly my problem. Now I am trying to stick to it and master it.
  • #386
  • Apr 21, 2018 6:39am Apr 21, 2018 6:39am
Guys three important things:

1/ Absolutely VITAL to try to always take trades off support/resistance levels whether they be horizontal (BRN) or diagonal (dynamic). This is difficult to do but once mastered you'll understance it's the only way to trade successfully
2/ Try to trade only a few times a week. The whole forex LOSING game is built around easy button pressing (scalping). It's addictive!! You have to learn to trade as little as possible for as many pips as possible which means of course allowing the trade to run and run. That is where trading the higher time frames is preferable.
3/ If you can harvest 50 pips or more on a trade, say just twice a week, you can use very low leverage. The advantage of this is far less stress and consequently a slow but steady accumulation of your account balance and you will be amazed how quickly it grows.

Do the above and you can succeed. There is no other way believe me !!
  • #387
  • Apr 21, 2018 6:59am Apr 21, 2018 6:59am
Quoting jmtini
Guys three important things: 1/ Absolutely VITAL to try to always take trades off support/resistance levels whether they be horizontal (BRN) or diagonal (dynamic). This is difficult to do but once mastered you'll understance it's the only way to trade successfully 2/ Try to trade only a few times a week. The whole forex LOSING game is built around easy button pressing (scalping). It's addictive!! You have to learn to trade as little as possible for as many pips as possible which means of course allowing the trade to run and run. That is where trading...
Agree with everything apart from point 1.

I'm sure some can make TL's or S/R work but you're recommending doing something that 99% of traders are trying to do, which is why so many fakeouts and stitch ups happen around these areas.

Buying or selling 'previous' support / resistance or the retest of underside of a trend line break are safer entries. Or trendline breaks with engulfing PA.
  • #388
  • Apr 21, 2018 7:54am Apr 21, 2018 7:54am
Quoting C-12
{quote} Agree with everything apart from point 1. I'm sure some can make TL's or S/R work but you're recommending doing something that 99% of traders are trying to do, which is why so many fakeouts and stitch ups happen around these areas. Buying or selling 'previous' support / resistance or the retest of underside of a trend line break are safer entries. Or trendline breaks with engulfing PA.
Yes but I wasn't suggesting just opening trades willy-nilly. Obviously one would look for candle confirmation (see image below). However if you are suggesting trading break-outs against the prevailing trend, I would definitely not advise doing so because that is exactly how people are being caught out - by fake breakouts/reversals
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 48 KB
  • #389
  • Apr 22, 2018 4:20am Apr 22, 2018 4:20am
Trading is always hard in particularly during news when there is nobody who can predict the real faction of this market with certainly.
  • #390
  • Apr 22, 2018 2:08pm Apr 22, 2018 2:08pm
A glass of water is either half full or half empty depending on what side you are viewing it from.. In the same way, forex trade can either be simple or hard, depending on what side of the bench you are seating on..
Okechukwu Jacob.C.
  • #391
  • Apr 22, 2018 2:38pm Apr 22, 2018 2:38pm
This is the game of uncertainity,so yes it is a very difficult ,it requires your time and experience and yet you never know what will happen with red news.
  • #392
  • Apr 22, 2018 3:16pm Apr 22, 2018 3:16pm
[quote=T4Trade;10988129]This is the game of uncuncertainity,

From a general perspective, Please help me highlight 6 things that are certain..
Okechukwu Jacob.C.
  • #393
  • Apr 23, 2018 12:11am Apr 23, 2018 12:11am
Quoting concorde
Trading is very hard and anyone who says otherwise is selling you something. I have never met anyone in person who has made a living trading but i have met plenty of doctors, ceo's, athletes. I have never seen a tangible, point by point trading system that can consistently make money.

Have you ever met god?Does it prove anything?
I can imaging places where you can meet doctor,doctors, ceo's, athletes.
Tell me place,where you can meet trader?
Doctor, ceo, athlete profession goes back how many years?It has history.What about online trader.
Hard to compare those and make conclusion.
Trading is business. It's mean doing business.Sometimes you meet somebody.What you doing?Export-import.
I know few people,who trades for living and they don't even know about this forum.If your are successfully trading for living,why do you need forum?Only because it's probably loneliest profession on earth and you spending hours on screen.
What they don't need id fight here about dumb things.
Whether you think you can, or you think you can't,you're right. H.F.
  • #394
  • May 3, 2018 11:53pm May 3, 2018 11:53pm
its not an easy question to answer , because when marker follows its own trend then there is a possibility to take profit easily from here, but sometimes this volatile place doesn't follow at any trend and moves at random , for that no one can predict the market with certainly and fall a unfortunate risk with losses. its a game actually.
  • #395
  • May 11, 2018 6:20am May 11, 2018 6:20am
I'm certain that any type of trading is just isn't that easy. I mean even "Billions" portrays it as being a corrupt industry and I wouldn't put it past anyone who has earnt alot of money either from trading or has placed it into trading.

They want to keep and expand that money, so they explore better leverages and percentages in order to keep hold of their cold cash!

But that being said, I'd love to 1) in that position now 2) be able to trade effectively to not make a fortune, but an extra income.
  • #396
  • May 11, 2018 8:03am May 11, 2018 8:03am
Quoting jacobokey12
A glass of water is either half full or half empty depending on what side you are viewing it from.. In the same way, forex trade can either be simple or hard, depending on what side of the bench you are seating on..
True, for the most part, if you're a broker your glass will be half full.
  • #397
  • May 11, 2018 2:21pm May 11, 2018 2:21pm
Quoting AlexImam
its not an easy question to answer , because when marker follows its own trend then there is a possibility to take profit easily from here, but sometimes this volatile place doesn't follow at any trend and moves at random , for that no one can predict the market with certainly and fall a unfortunate risk with losses. its a game actually.
trading mostly hard when you have poor trading knowledge with minor balance. otherwise trading can be easier with minimum capital.
  • #398
  • May 17, 2018 10:04am May 17, 2018 10:04am
hi ME, trading is not hard, you must have a system. i suggest
1. make a commitment of the # of hours per day you would like to spend, which may include reading, videos or studying charts. ( yes you have a personal life and some days you cant..)
2. set up a trading game plan, and stick to it. you can get very emotional
3. utilize the demo account, make notes, review them after the trade is over. try to correct the mistakes if any.
hope this can help....good luck
  • #399
  • May 17, 2018 12:42pm May 17, 2018 12:42pm
In trading the stupid overcomplicate and overthink everything, everytime all the time, clouding his mind and missing the obvius forever.. the smart simplify and structure a repetable aproach and stick with it everytime, all the time, forever..

99% of the trader are missing the obvius (the reason to trade in the first place).. wich side are you now??


EDIT: YES trading can be simple/easy but only you can make it "is really that hard?" =)
  • #400
  • May 17, 2018 2:29pm May 17, 2018 2:29pm
Quoting T4Trade
This is the game of uncertainity,so yes it is a very difficult ,it requires your time and experience and yet you never know what will happen with red news.
Yes there is no certainty in Forex trading but there is a chance to get profit by passing a long time with great knowledge, just need patience, nothing without it.
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