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Why do I trade Forex

  • #101
  • Jul 14, 2018 8:07am Jul 14, 2018 8:07am
Quoting imadead
I started trading because it looked like easy and fast money and boy I was wrong, so wrong. But even tho I had my fails I still enjoy learning about forex. Hopefully I can make living sometime in the future using trading.
I had similar illusions when I was a total newbie. And then I learned several bitter lessons.
  • #102
  • Jul 15, 2018 2:46am Jul 15, 2018 2:46am
We come into this market place actually for earning money very rapidly ,
but become ultimately loser when trading practically, it’s a practical situation.
  • #103
  • Jul 15, 2018 3:44am Jul 15, 2018 3:44am
yes , true fact. but if you can ensure some inevitable part of trading of course there is a chance to earn more money from this volatile trading place.
  • #104
  • Jul 15, 2018 3:46am Jul 15, 2018 3:46am
sounds good, i appreciate your learning process , but according to me, learning can be valueless until ensuring a regular practice session.
  • #105
  • Jul 16, 2018 2:50am Jul 16, 2018 2:50am
Quoting AdamCrist
We come into this market place actually for earning money very rapidly , but become ultimately loser when trading practically, it’s a practical situation.
Very true! everyone join Forex in the hope of earning huge profits, but unfortunately not everyone is lucky enough to make money out of Forex.
  • #106
  • Jul 17, 2018 4:23am Jul 17, 2018 4:23am
can you please elaborate what actually inevitable part of trading? i need to know
  • #107
  • Jul 17, 2018 6:46am Jul 17, 2018 6:46am
Quoting NathanAstel
sounds good, i appreciate your learning process , but according to me, learning can be valueless until ensuring a regular practice session.
Good point. Learning theory is absolutely necessary, but it's just one side of the coin. One also has to practice regularly.
  • #108
  • Jul 17, 2018 10:10pm Jul 17, 2018 10:10pm
Almost everyone has the same reason for entering into forex - PROFITS/MONEY! However it should be remembered that forex does not guarantee easy returns or consistent profits. For that you'll have to work your ass off so any unrealistic expectations you may have about forex it's better to get rid of them first and equip yourself with the right knowledge.
  • #109
  • Jul 17, 2018 11:13pm Jul 17, 2018 11:13pm
Quoting mlawson71
{quote} Then you're both lucky and smart, I lost quite a large account the first time around.
Then you hold a very good experience which might be very helpful for other new traders around you.
Especially this, "Learning theory is absolutely necessary, but it's just one side of the coin."
  • #110
  • Jul 18, 2018 4:17am Jul 18, 2018 4:17am
Quoting mlawson71
{quote} Good point. Learning theory is absolutely necessary, but it's just one side of the coin. One also has to practice regularly.
and for practice it is more appropriate to trade in a micro account instead of demo..
  • #111
  • Jul 18, 2018 7:32am Jul 18, 2018 7:32am
Quoting NathanAstel
{quote} and for practice it is more appropriate to trade in a micro account instead of demo..
Eventually, I agree, but I do think there should be some period of total demo trading.
  • #112
  • Jul 18, 2018 7:54am Jul 18, 2018 7:54am
I have to admit that back then I also entered the market with the idea of quick profits.. Oh boy, how naive was I
  • #113
  • Jul 19, 2018 7:43am Jul 19, 2018 7:43am
Quoting UlliC
I have to admit that back then I also entered the market with the idea of quick profits.. Oh boy, how naive was I
The wake up call must have been painful. It was for me.
  • #114
  • Jul 21, 2018 12:27am Jul 21, 2018 12:27am
Quoting AdamCrist
We come into this market place actually for earning money very rapidly , but become ultimately loser when trading practically, it’s a practical situation.
Yes, unfortunately, I can imagine how many people right now, rushing to Forex with same illusion. They never realize that those were experts who made money rapidly, sometimes, but not newbies at all. Those experts came from a long way to learn and acquire knowledge to trade better from time to time.
But it's okay, they will learn best from their losses. That's where we came from.
  • #115
  • Jul 22, 2018 10:33pm Jul 22, 2018 10:33pm
Quoting MatthewRoy
{quote} Yes, unfortunately, I can imagine how many people right now, rushing to Forex with same illusion. They never realize that those were experts who made money rapidly, sometimes, but not newbies at all. Those experts came from a long way to learn and acquire knowledge to trade better from time to time. But it's okay, they will learn best from their losses. That's where we came from.
The only way to advance and develop is to learn from our mistakes, I agree.
  • #116
  • Jul 27, 2018 1:16am Jul 27, 2018 1:16am
Hey mlawson71,
Yes, it was very painful and eye – opening moment for me. But I learned a lot and kept going.
  • #117
  • Jul 27, 2018 1:48am Jul 27, 2018 1:48am
Quoting Drew-pips1
Almost everyone has the same reason for entering into forex - PROFITS/MONEY! However it should be remembered that forex does not guarantee easy returns or consistent profits. For that you'll have to work your ass off so any unrealistic expectations you may have about forex it's better to get rid of them first and equip yourself with the right knowledge.
You are right; there is nothing like guarantee in Forex; it’s all about probability.
  • #118
  • Jul 27, 2018 4:00am Jul 27, 2018 4:00am
honestly, because i want to get rich from trading forex, but when i jumped i feel so impossible for me, this thing is complicated, randomized and confused.
  • #119
  • Jul 30, 2018 2:11am Jul 30, 2018 2:11am
i trade forex for some extra cash really. i think it serves as an excellent source of additional income for me
  • #120
  • Jul 30, 2018 12:42pm Jul 30, 2018 12:42pm
I trade forex because I like winning and got tired of video games.
Put down 1600 in it 2 weeks ago.
Lost about 150, but I'm glad I'm still in it.
Hope my 1600 lasts me a year, but we'll see.
market is a device for transferring money from the impatient to the patient
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