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Why do I trade Forex

  • #121
  • Jul 31, 2018 2:11am Jul 31, 2018 2:11am
I think everyone trade Forex to make money out of it, at least I am engaged in trading for money.
  • #122
  • Aug 3, 2018 4:53am Aug 3, 2018 4:53am
I read article from babypips once, and it speaks of how we treat losses correctly since there are two different views from traders.

"To be a consistently profitable forex trader, you need to build your vigor. To do this, you need time and experience."
"Take note that building vigor is different from completely shrugging off losses. The former recognizes that losses are just part of the game, while the latter dismisses losses instead of treating it as opportunities to learn something new. Find a balance between caring and not caring about your trading losses."
  • #123
  • Aug 3, 2018 9:24am Aug 3, 2018 9:24am
Quoting MatthewRoy
I read article from babypips once, and it speaks of how we treat losses correctly since there are two different views from traders. "To be a consistently profitable forex trader, you need to build your vigor. To do this, you need time and experience." "Take note that building vigor is different from completely shrugging off losses. The former recognizes that losses are just part of the game, while the latter dismisses losses instead of treating it as opportunities to learn something new. Find a balance between caring and not caring about your trading...
What do they mean by "vigor"?
  • #124
  • Aug 5, 2018 5:08pm Aug 5, 2018 5:08pm
Hey guys,

I just created an account here to be in contact with other traders. I haven't found anyone interested in Forex trading around my area, and I feel like I need to keep in contact with peers who have the same interest.

As for the question of this thread, I do this because I like the money you can earn here (who doesn't?) but also because I really like to challenge myself. I remember seeing charts years ago and thinking I'm not cut out for this, out of insecurity. But I want to prove my old me wrong, and demonstrate myself I can do whatever I want.

I also do it for the psychological intricacies of trading. If I can master the psychology of trading I'll be able to cope with most of the crap life throws at me, and will become a more complete person as a result.

I'm still learning and losing money, but I know things will change in the future sooner or later.
  • #125
  • Aug 6, 2018 6:01am Aug 6, 2018 6:01am
That answer applies to all of us, everyone do it for the money first and foremost.
  • #126
  • Aug 13, 2018 9:00pm Aug 13, 2018 9:00pm
Right, everyone wants to earn money so you should trade if you know to trade.
  • #127
  • Aug 26, 2018 10:43am Aug 26, 2018 10:43am
Quoting Butterscotch
Right, everyone wants to earn money so you should trade if you know to trade.
That’s the reality, without proper trading knowledge & experience it’s not possible to make regular money in Forex! Because, Forex is a knowledge based profession.
  • #128
  • Aug 28, 2018 3:43am Aug 28, 2018 3:43am
Well, i don't think this is a tough questions.
Mine answer will be same with NIKE.
JUST DO IT~ xD
When I see something here, I will just try it, do it and earn it~xD
  • #129
  • Aug 29, 2018 2:34am Aug 29, 2018 2:34am
Quoting mlawson71
That answer applies to all of us, everyone do it for the money first and foremost.
Right, story of joining Forex could be anything but ultimate aim of everyone is to make money.
  • #130
  • Aug 29, 2018 4:59am Aug 29, 2018 4:59am
Not just because I wanted to become rich (it doesn't hurt to set a long term aim tbh). But also because Forex is an interesting and easy thing with rich in liquidity to trade at as compared to stocks, options, etc.
  • #131
  • Aug 29, 2018 9:50am Aug 29, 2018 9:50am
Quoting Fide
Not just because I wanted to become rich (it doesn't hurt to set a long term aim tbh). But also because Forex is an interesting and easy thing with rich in liquidity to trade at as compared to stocks, options, etc.
That's true, it's a great intellectual exercise if one is interested in that sort of thing, and I think most people are.
  • #132
  • Sep 22, 2018 4:19am Sep 22, 2018 4:19am
i have come into this market place for earning money very rapidly , but now i understand , it not a place where very rapidly easy to earn money.
  • #133
  • Oct 19, 2018 12:00am Oct 19, 2018 12:00am
Quoting NathanAstel
i have come into this market place for earning money very rapidly , but now i understand , it not a place where very rapidly easy to earn money.
Most of the people start trading in the hope of becoming rich quickly but later their encounter happens with the reality.
  • #134
  • Oct 19, 2018 11:46am Oct 19, 2018 11:46am
Quoting Alvinjack
{quote} Most of the people start trading in the hope of becoming rich quickly but later their encounter happens with the reality.
Unfortunately it’s true! A number of new traders try to make instant money here, this is why more than 95% new traders are losers.
  • #135
  • Oct 20, 2018 1:43am Oct 20, 2018 1:43am
Quoting DarrenLehma
{quote} Unfortunately it’s true! A number of new traders try to make instant money here, this is why more than 95% new traders are losers.
Are you suggesting that winners try to make instant losses, as opposite course of action?

Since when, instant profit (as a positions getting into floating profit almost immediately) is sign of a person loosing money?

Perhaps you make a mental shortcuts that does not really reflect reality?
  • #136
  • Oct 21, 2018 7:40pm Oct 21, 2018 7:40pm
Quoting dylanrtd
I think everyone trade Forex to make money out of it, at least I am engaged in trading for money.
No doubt, that’s the main reason; but trading is very much smart profession; so we can’t expect here instantly just after joining here! 1st of all, we have to build our own trading skill, than go for serious trading I mean money making.
  • #137
  • Oct 22, 2018 3:09am Oct 22, 2018 3:09am
Quoting GeorgeBaile
{quote} No doubt, that’s the main reason; but trading is very much smart profession; so we can’t expect here instantly just after joining here! 1st of all, we have to build our own trading skill, than go for serious trading I mean money making.
True, it takes time to get complete or comfortable picture of trading.
  • #138
  • Oct 22, 2018 4:09am Oct 22, 2018 4:09am
i trade forex because i love things those involve brain storming.
  • #139
  • Oct 30, 2018 10:35pm Oct 30, 2018 10:35pm
Quoting redman25
i trade forex because i love things those involve brain storming.
Interesting, but hope you are enjoying too! But honestly, till now I can remember the mental pain on learning & trading (beginning stage).
  • #140
  • Oct 31, 2018 1:45am Oct 31, 2018 1:45am
Quoting ZikriIrfan
{quote} Interesting, but hope you are enjoying too! But honestly, till now I can remember the mental pain on learning & trading (beginning stage).
i can relate. beginning stage was a wreck for me , i'm much stable now. just give it some time, you'll start loving the thrill too.
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