Is trading really that hard? | Page 26 | Forex Factory

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Is trading really that hard?

  • #501
  • Sep 28, 2018 8:58am Sep 28, 2018 8:58am
I am not compulsive. I have had a demo account for probably 1.5 yrs and finally am going live in the next week or 2. After studying forex by reading some books, watching videos (my favorite, I am a visual learner), and reading some forums and taking some posts in with a grain of salt, and others with quite seriousness, I feel confident enough to enter live trading with an open mind, and always eager to learn more info. I tend to believe that trading forex successfully is a never ending process of learning the ins and outs of it. Make sure you are up to date on world financial news, so you are not taken by surprise. Recognize type of news that may sink or increase your odds of getting those pips. Nothing comes easy in life, including profiting in forex.
The goal of a successful trader is to make the best trades. Money is second
  • #502
  • Sep 29, 2018 4:12am Sep 29, 2018 4:12am
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.
It’s not hard business only for you! You may see, a number of traders are losing money here! Around 10% traders can make regular money here! So, Forex is not easy way of money making.
  • #503
  • Oct 2, 2018 7:22am Oct 2, 2018 7:22am
If you don’t know how to manage money and risk, of course trading is a hard issue and can make you loser within very short time, so before trading it is more appropriate to ensure all inevitable part of trading.
  • #504
  • Oct 2, 2018 7:00pm Oct 2, 2018 7:00pm
Calling Forex trading ‘easy’ or ‘hard’ would be an over-simplification of a fairly intricate process.
  • #505
  • Oct 3, 2018 7:24am Oct 3, 2018 7:24am
Quoting Butterscotch
Calling Forex trading ‘easy’ or ‘hard’ would be an over-simplification of a fairly intricate process.
I am inclined to agree. Forex simply takes time and effort to learn. It's harder for some and easier for others, no answer fits all.
  • #506
  • Oct 5, 2018 6:06am Oct 5, 2018 6:06am
It is hard, especially if you trade to make a living. But for those who just treat it as a hobby, they are the least stressed traders.
  • #507
  • Oct 16, 2018 7:00pm Oct 16, 2018 7:00pm
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.
  • #508
  • Oct 22, 2018 5:45am Oct 22, 2018 5:45am
Quoting MetaTraderR
{quote} Its all about mastery.The more experience you gain the less errors hence better execution and consistency
hello everybody , trading needs 8 to 10 hour a day and its a work hard
  • #509
  • Oct 22, 2018 11:02pm Oct 22, 2018 11:02pm
trading is not hard if you're doing it part time but for a living you need a lot of experience and risk management strategies. you have to be very patient with your trades to be successful.
  • #510
  • Oct 23, 2018 7:14am Oct 23, 2018 7:14am
Quoting HIEU.Major
{quote} hello everybody , trading needs 8 to 10 hour a day and its a work hard
8 hours??
Surely not watching silly lines for 8 hours???

I do 1-2 hours.

It's much more mentality than skill.

More patience than knowledge.

Just need to learn!!!! When, what, how to trade.

The first 5-7 years were hard
Beware of robber banks (RB), bad advisors.
  • #511
  • Oct 23, 2018 8:06am Oct 23, 2018 8:06am
Quoting MapleLeaf
Don't waste your time and you money. In the end, you will lose it all. Remember this. Unfortunately you will dislike my comment, but actually I'm trying to help you save your money. It's up to you, tho.
I got your point mate; yes, new traders should aware of the challenge of Forex market! It’s not easy at all.
  • #512
  • Nov 19, 2018 4:35am Nov 19, 2018 4:35am
The traders who are particularly newcomers always try to earn profit without learning, and become loser when trading practically; they should trade in cent account minimum for 3 months with continuing pips school. Without learning no way to survive in here in spite of having large amount.
  • #513
  • Dec 18, 2018 3:32am Dec 18, 2018 3:32am
if you tired to learn Forex , sometimes you can move on PAMM services.
  • #514
  • Dec 18, 2018 7:42am Dec 18, 2018 7:42am
Quoting AdamCrist
The traders who are particularly newcomers always try to earn profit without learning, and become loser when trading practically; they should trade in cent account minimum for 3 months with continuing pips school. Without learning no way to survive in here in spite of having large amount.
That does happen, unfortunately. Newbies who have never traded before open an account with the thought that they'd start raking in the profits in a few days - of course, they lose everything.
  • #515
  • Dec 18, 2018 6:21pm Dec 18, 2018 6:21pm
Forex trading worth it if you truly want to learn it. FOREX trading is a very statistical based trading where you need to have a LOT of discipline, track every single trade you make.
  • #516
  • Dec 19, 2018 5:57am Dec 19, 2018 5:57am
It’s not easy and don’t let anyone tell you it is.
  • #517
  • Dec 19, 2018 7:05am Dec 19, 2018 7:05am
Quoting Forexkongs
It’s not easy and don’t let anyone tell you it is.
I agree. People who say it's easy tend to fall in three cathegories - they are lying for whatever reason, they are too new to know what they are talking about, they are one of those rare people who have a genuine innate talent for it and it may have really been easy for them individually. For the majority of traders it's not easy.
  • #518
  • Dec 19, 2018 7:25am Dec 19, 2018 7:25am
Quoting AdamCrist
The traders who are particularly newcomers always try to earn profit without learning, and become loser when trading practically; they should trade in cent account minimum for 3 months with continuing pips school. Without learning no way to survive in here in spite of having large amount.
Learn to trade in a demo until you can show consistent profits. It's a different animal with actual money on the line. If you don't know what you're doing, you probably have better changes taking your money to a casino.
  • #519
  • Dec 21, 2018 12:59am Dec 21, 2018 12:59am
Quoting WayWayward
{quote} Learn to trade in a demo until you can show consistent profits. It's a different animal with actual money on the line. If you don't know what you're doing, you probably have better changes taking your money to a casino.
Good points. I think, if you can double your capital on demo 3-4 times and your strategy shows a steady growth- it is perfect reason to try on live. But if you will start on live only because you are on profit today- it is better to stay on demo
  • #520
  • Dec 21, 2018 5:29am Dec 21, 2018 5:29am
Quoting DwainUK
{quote} Good points. I think, if you can double your capital on demo 3-4 times and your strategy shows a steady growth- it is perfect reason to try on live. But if you will start on live only because you are on profit today- it is better to stay on demo
I couldn't have put it better. Don't start trading on a live account just because you profited a few times on a demo one. You need to see consistent good results first.
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