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Is trading really that hard?

  • #441
  • Jun 25, 2018 6:52am Jun 25, 2018 6:52am
yes , its a good website than others we have.
  • #442
  • Jul 5, 2018 8:07am Jul 5, 2018 8:07am
Losses are part of the game which makes trading hard to most people. The solution is that you have to keep the losses small and your gains much, much larger! If you can do that, you will grow your account. And I agree with you, we have a great platform here, i.e. Forex Factory calendar and news, it does help a lot.
  • #443
  • Jul 6, 2018 6:09am Jul 6, 2018 6:09am
generally after having a loss we lost motive and try to recover losses by over trading , its completely a wrong decision, over trading mentality comes from emotions and greed that always causes a great reason for losing money very rapidly. so, avoid this stupid attitude if you have.
  • #444
  • Jul 6, 2018 8:30pm Jul 6, 2018 8:30pm
Forex is a really difficult business. To make money with forex you have to know the technique and have enough experience or you lose more than what you make.
  • #445
  • Jul 11, 2018 3:36am Jul 11, 2018 3:36am
Quoting MatthewRoy
And I agree with you, we have a great platform here, i.e. Forex Factory calendar and news, it does help a lot.
It is indeed a great website - my entire firm uses this (and still do) to keep track of economic news for the last 5-6 years.
  • #446
  • Jul 12, 2018 7:21pm Jul 12, 2018 7:21pm
Trading CAN be hard if you let it. Using a strategy that suits your personality and financial goals are one thing, but I'd say the hardest part is adopting a good mindset and solid psychology for trading.
  • #447
  • Jul 17, 2018 2:02am Jul 17, 2018 2:02am
Most definitely yes, especially in the beginning. But not impossible! You have to have a robust knowledge base and back it up with experience to be profitable in forex. You need a strong mind to be able to deal with losses without losing hope. Keeping a determined and disciplined attitude to constantly learn and improve is not something that comes to everyone. Forex is hard work.
  • #448
  • Jul 20, 2018 9:42am Jul 20, 2018 9:42am
Quoting Drew-pips1
Most definitely yes, especially in the beginning. But not impossible! You have to have a robust knowledge base and back it up with experience to be profitable in forex. You need a strong mind to be able to deal with losses without losing hope. Keeping a determined and disciplined attitude to constantly learn and improve is not something that comes to everyone. Forex is hard work.
That is a great way to put it. It is very hard, but few good things in life are easy.
  • #449
  • Jul 26, 2018 10:15am Jul 26, 2018 10:15am
Quoting Muhammad Ezz
And I wanna ask you guys a question hoping you be honest with yourselves with the answer ... Is trading very hard or you're just lazy and don't wanna do your homework ? .... before answering this question think about how many times you tried to .... Loose weigh following a diet .... studying for a master in your field .... finish college education .... keep going to the gym .... stay at one job for long ... change a habit that you really hate about yourself .... etcccccccc ..... And how many times you've failed to do that even if there was a text...
Much will depend on how you define trading and success.

You can go trade your cash for shares in an S&P500 index ETF, hold for 10 years and I can (almost) guarantee you will see both profits and success as the result of that trade.

From that perspective, trading is easy.

Unfortunately, for many the idea of "success with forex" seems to be the manifestation of a rat-race-job-replacing income from scalpy day trading a $50 account, which is VERY hard.

From that perspective, achieving success is (almost) impossible.

I won't dispute that many who ultimately fail do so because of a lack of disciple. That is human nature. I'm just not convinced it is the primary cause for failure in most cases.
  • #450
  • Edited 1:35am Jul 27, 2018 1:23am | Edited 1:35am
How hard could it be to place a bet/trade?

I would say the unhealthy desire to win/be right/unwillingness to lose, is one of the causes for downfall of most traders.

It is not trading that is difficult. It is the traders themselves who are making trading difficult for themselves.

You can't blame a sports for being difficult, if you are not able to get a gold medal. The plain truth is that the gold medallist is smarter and put in more effort than you.

To conquer a mountain, you need to be good enough to do it. Don't blame the mountain for your failure.
'For the market to work, it needs people who think that they can beat it.'
  • #451
  • Aug 3, 2018 1:05am Aug 3, 2018 1:05am
Quoting mlawson71
{quote} I have been using the Forex Factory calendar for years now in lieu any other calendar out there because I find to be very comprehensive and also its filters are very intuitive to use.
Agree, there are several websites and forums who have their economic calendar but as per me forexfactory calendar is the best to check out all the upcoming economic events among all.
  • #452
  • Aug 13, 2018 1:53am Aug 13, 2018 1:53am
You must control your self when trading in forex to survive. Otherwise forex will crush you.
  • #453
  • Aug 15, 2018 6:29am Aug 15, 2018 6:29am
YES,

FX is hard.

But you can develop an edge if you invest a lot of work and effort:

https://www.forexfactory.com/showthr...1#post11370241
www.sme-fx.com
  • #454
  • Aug 15, 2018 8:33am Aug 15, 2018 8:33am
Quoting JimmieKip
You must control your self when trading in forex to survive. Otherwise forex will crush you.
Learning that control is the hardest part, if you ask me.
  • #455
  • Aug 16, 2018 1:25am Aug 16, 2018 1:25am
Yes Forex is definitely hard. if making money in forex was so easy then I think everyone on this forum would have been millionaire.
  • #456
  • Aug 16, 2018 6:40am Aug 16, 2018 6:40am
Quoting p.ecs
Trading CAN be hard if you let it. Using a strategy that suits your personality and financial goals are one thing, but I'd say the hardest part is adopting a good mindset and solid psychology for trading.
Yes, mindset is a great issue! No one can make here consistently without having a strong mindset for sure.
  • #457
  • Aug 16, 2018 9:16am Aug 16, 2018 9:16am
Quoting ZikriIrfan
{quote} Yes, mindset is a great issue! No one can make here consistently without having a strong mindset for sure.
A strong mindset and a strong trading plan are two things that traders really cannot go without.
  • #458
  • Aug 23, 2018 5:28am Aug 23, 2018 5:28am
Trading is certainly not easy. And it is made more complicated by our foolish mistakes and overconfidence. It is essential to have a strong mental resolve to be able to persevere through forex trading.
  • #459
  • Aug 23, 2018 6:03am Aug 23, 2018 6:03am
Market moves at random most of the time, so it is quite difficult to keep cool mind when trading practically.
  • #460
  • Aug 23, 2018 7:22am Aug 23, 2018 7:22am
if you are not cool mind when trading , there is no chance to avoid emotions.
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