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Why I trade Forex? Hbu?

  • #61
  • Aug 22, 2018 3:12am Aug 22, 2018 3:12am
Quoting kryptoniteFX
Would I be wrong if I say that majority of traders are in it for the money. Well of course money is the primary reason for trading forex. Not to mention that trading keeps me busy in my time off from work. So it's like trading allows me to have a extra source of income and it also fills up my free time
you are right majority of traders trade forex money. For few traders it is their extra source of income while some depends completely on forex.
  • #62
  • Mar 11, 2019 7:03am Mar 11, 2019 7:03am
there is any one who is profitable from this market place as a part time trader ?
  • #63
  • May 15, 2019 7:12am May 15, 2019 7:12am
profitable as a part timer is a big issue ,
never seen at any guys who already got success
from this stock exchange.
  • #64
  • Sep 20, 2019 6:50am Sep 20, 2019 6:50am
part time or full time is not a deal , the main deal is how much you have knowledge and experience, on the other hand in spite of having most powerful analyzing trade knowledge thats not possible at all to lead a comfortable trading life if there is no credible broker , because a broker always can affect the result of our trading with certainly.
  • #65
  • Sep 21, 2019 9:34am Sep 21, 2019 9:34am
Quoting NathanAstel
profitable as a part timer is a big issue , never seen at any guys who already got success from this stock exchange.
It’s challenging but not impossible; as you know; pending order is available option in Forex!
  • #66
  • Sep 21, 2019 12:09pm Sep 21, 2019 12:09pm
Plenty of people use strategies that use pending orders, it's a good habit to develop.
  • #67
  • Sep 29, 2019 10:34am Sep 29, 2019 10:34am
Quoting mlawson71
Plenty of people use strategies that use pending orders, it's a good habit to develop.
Sometimes I set my pending orders according to the position of support/resistant levels!
  • #68
  • Sep 30, 2019 3:06am Sep 30, 2019 3:06am
Quoting GeorgeBaile
{quote} Sometimes I set my pending orders according to the position of support/resistant levels!
i do that too. and why shouldn't one, it makes it easier to trade.
  • #69
  • Sep 30, 2019 5:15am Sep 30, 2019 5:15am
Quoting charles23
{quote} i do that too. and why shouldn't one, it makes it easier to trade.
I am a context based trader; so my preference is realtime trading instead of pending order trading.
  • #70
  • Sep 30, 2019 9:58am Sep 30, 2019 9:58am
Quoting charles23
{quote} i do that too. and why shouldn't one, it makes it easier to trade.
Exactly; and this is why now I don’t miss lots of trading opportunity in trading!
  • #71
  • Jun 25, 2020 7:02pm Jun 25, 2020 7:02pm
Quoting YoungET
Let's be honest, if the entire population or 'society' decided to quit their jobs and trade, we wouldn't even have a market to trade. 'Society' would collapse, which is why we need these people who choose 'Option A' to choose such option.
Yes, agree if all the people of socitey decide to quite their jobs and business and only want to trade Forex then market will be collapse and there are no more place to enter in the market.
  • #72
  • Jun 26, 2020 2:22am Jun 26, 2020 2:22am
That was an interesting read. For me, to make myself more independent on other and start being more dependent on myself and having more stability in financial lifestyle.
  • #73
  • Jun 26, 2020 5:37am Jun 26, 2020 5:37am
Quoting Awasim
{quote} Yes, agree if all the people of socitey decide to quite their jobs and business and only want to trade Forex then market will be collapse and there are no more place to enter in the market.
What i have noticed forex trading is a crazy market, two traders selling and buying at the same time thinking both are clever and trust me both makes money or both looses or at least one gets profit.
  • #74
  • Jul 8, 2020 5:56am Jul 8, 2020 5:56am
you noticed the right thing , its a think when you profit by sell that means someone already did losses by means of buy. its a very common reality.
  • #75
  • Jul 9, 2020 2:33am Jul 9, 2020 2:33am
Everybody will never do the same thing in other to make money. Some will work for others, some will teach, some will steal, some will do all manner of things to make ends meet. The reason is because we are wired differently both emotionally and psychologically, even genetically.
In summary we are all gamblers, because for any endeavor you choose there is no guarantee you will be successful. We are all checking odds and probability....Okpala1988.
  • #76
  • Jul 11, 2020 8:51am Jul 11, 2020 8:51am
Quoting jollypk
{quote} What i have noticed forex trading is a crazy market, two traders selling and buying at the same time thinking both are clever and trust me both makes money or both looses or at least one gets profit.
True, someone's gain is someone else's loss and that's how money keeps circulating.
  • #77
  • Jul 13, 2020 5:28am Jul 13, 2020 5:28am
I trade Forex because I am passionate about it. The another obvious reason is the money.
  • #78
  • Sep 25, 2020 12:18pm Sep 25, 2020 12:18pm
Quoting Natalie45
{quote} you are right majority of traders trade forex money. For few traders it is their extra source of income while some depends completely on forex.
I think forex is the best place to make extra income. However, there are many full timers in trading. but I am not against them. I think being full timer is an extra pressure in trading which is not good.
  • #79
  • Sep 29, 2020 8:37am Sep 29, 2020 8:37am
Forex is a profitable business. You can become rich in this market if you have proper knowledge and experience.
  • #80
  • Last Post: Oct 1, 2020 6:03am Oct 1, 2020 6:03am
Quoting CoraLombard
Forex is a profitable business. You can become rich in this market if you have proper knowledge and experience.
Indeed. It's all about having the right knowledge and commitment.
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