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Is trading really that hard?

  • #481
  • Sep 9, 2018 8:53pm Sep 9, 2018 8:53pm
I can't say the forex trading is easy, in fact the forex trading is so hard for a man like me. I can't stay too long in front of forex chart for analysis. Cause i have to work in real life.
  • #482
  • Sep 10, 2018 8:43am Sep 10, 2018 8:43am
Quoting antonblood63
I can't say the forex trading is easy, in fact the forex trading is so hard for a man like me. I can't stay too long in front of forex chart for analysis. Cause i have to work in real life.
Most traders are like you, I think, and we all share the same problems. The only way to go forward is to adapt and find a way to balance your work life and your trading life.
  • #483
  • Sep 10, 2018 10:22am Sep 10, 2018 10:22am
Quoting mlawson71
{quote} Most traders are like you, I think, and we all share the same problems. The only way to go forward is to adapt and find a way to balance your work life and your trading life.
Same for me. I have been trying to find this balance between trading, working, family... Not so easy off course, but as long as we find it, the chances of success may increase.
  • #484
  • Sep 12, 2018 8:23am Sep 12, 2018 8:23am
Quoting mvsantoss
{quote} Same for me. I have been trying to find this balance between trading, working, family... Not so easy off course, but as long as we find it, the chances of success may increase.
I have been trading for years and I am still struggling to balance my time between trading and pretty much everything else. It's a difficult thing to achieve.
  • #485
  • Sep 13, 2018 1:37am Sep 13, 2018 1:37am
Quoting mlawson71
{quote} I have been trading for years and I am still struggling to balance my time between trading and pretty much everything else. It's a difficult thing to achieve.
Time management is very difficult specially when you are a part time trader.
  • #486
  • Sep 13, 2018 2:25am Sep 13, 2018 2:25am
Indeed it's very hard for first few years. I agree with most of you that balancing the time is difficult, which makes us sleepless or interrupt sleep, making day worse. But if you get your time management right first of all, it would have big impact on your trading. I suggest newbies to work on management first through demo. Habit evolves one's world.
  • #487
  • Sep 13, 2018 2:27am Sep 13, 2018 2:27am
switch over to scheduled news trading. It will free up much of your day and you will still make money
  • #488
  • Sep 13, 2018 3:20am Sep 13, 2018 3:20am
News trading is more complicated than any others particularly for beginners level, without strong fundamental knowledge and long term experience there is no one who can make profit consistency during news.
  • #489
  • Sep 13, 2018 4:07am Sep 13, 2018 4:07am
Quoting AdamCrist
News trading is more complicated than any others particularly for beginners level, without strong fundamental knowledge and long term experience there is no one who can make profit consistency during news.
Not true, 3 to 6 months of work in this area and any trader will realise a remarkable improvement in their trading. I am up 118% on my account in 11 months and I started doing this about 4 months before that. It's a myth that you need to be well educated to understand fundamentals and another myth is that it is only long term.
  • #490
  • Sep 13, 2018 8:56am Sep 13, 2018 8:56am
Quoting ktscalp
{quote} Time management is very difficult specially when you are a part time trader.
True. If you have kids it's even harder, from what I've seen with other traders.
  • #491
  • Sep 14, 2018 2:24am Sep 14, 2018 2:24am
I would say it is pretty hard for a lot of people. You need a lot of dedicated and concentrated efforts to understand trading
  • #492
  • Sep 14, 2018 7:09am Sep 14, 2018 7:09am
Quoting mlawson71
{quote} True. If you have kids it's even harder, from what I've seen with other traders.
It's challenging for sure, but if one is good in time management then it indeed is the solution. Without time management, I would not suggest trader to continue trading when he's not able to taking care of kids.
  • #493
  • Sep 16, 2018 5:20am Sep 16, 2018 5:20am
Here you get an idea why brokers have to start to list their customers win / loss percentage over just 3 months. The reason behind is ESMA.

https://www.forexfactory.com/showthr...4#post11461874

All hard scientific data suggests their is close to zero retail traders profitable in the long run.
Retail forex is a negative sume game for losers.
  • #494
  • Sep 16, 2018 5:49am Sep 16, 2018 5:49am
It takes at least 10,000 hours to get good at anything!
Its a lot of work to find your edge.

There are things you can do to reduce your risk.
Find out when your good, and when you suck..
Put all your energy into area's your good at.

Example.. I suck at NFP.. Don't trade it.
Example I'm really good near london open... Trade it often!
Example I know trading tired has been proven to cause bigger losses.. Don't trade tired or for 15 hours a day!

From the stats i seen brokers have about 30% of retail winning any given year.
Its easy to research...
The only system that will work is one designed by and for yourself.
  • #495
  • Sep 17, 2018 12:41am Sep 17, 2018 12:41am
I am sorry to burst your bubble but the answer is yes. It tends to get difficult and frustrating so you have to prepared for that.
  • #496
  • Sep 17, 2018 2:54am Sep 17, 2018 2:54am
Yes mental preparation is most important before entering Forex market, generally we hold a mentality to earn profit very rapidly without learning, its completely wrong. We have to be patience fist of all, because success in Forex is a long term process.
  • #497
  • Sep 17, 2018 3:34am Sep 17, 2018 3:34am
long term or short term , its not a deal , the main issue is , you have to pass some inevitable parts of trading , otherwise success will not come in spite of passing long time in here.
  • #498
  • Sep 18, 2018 1:45am Sep 18, 2018 1:45am
Trading is not too hard but also it is not so easy like mostly people think.
  • #499
  • Sep 18, 2018 3:39am Sep 18, 2018 3:39am
Quoting Alvinjack
Trading is not too hard but also it is not so easy like mostly people think.
Yes mate, trading is not so easy! It’s a challenging profession & no one can make quick money here! It takes such a long time to understand the market principle.
  • #500
  • Sep 26, 2018 3:54pm Sep 26, 2018 3:54pm
Its not hard, you just need the right system and right money management technique, there is a lot of garbage here on FF so choose your system and where you get your education from with extreme care, also be mindful that 95% of traders fail so you can also say 95% of what you are being told and are reading is garbage,GW
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