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Why do I trade Forex

  • #181
  • Nov 1, 2019 3:39am Nov 1, 2019 3:39am
hi all first post. just starting my journey in forex. iam looking at forex as an extra income one day i hope...long road ahead,but looking forward to it.

ps been looking at the forum for 2 weeks and seems like a very helpful bunch of people around
  • #182
  • Nov 6, 2019 8:22pm Nov 6, 2019 8:22pm
To make a profit through Forex trading , first you have to know how to trade wisely and you also need a trading strategy.
  • #183
  • Nov 7, 2019 2:34pm Nov 7, 2019 2:34pm
I really enjoy both the technical and fundamental aspects of trading. But let's be real, we all do it for the green pips ;-).
  • #184
  • Nov 8, 2019 1:51am Nov 8, 2019 1:51am
Quoting Butterscotch
To make a profit through Forex trading , first you have to know how to trade wisely and you also need a trading strategy.
Yeah . You need to study and learn a lot. Side by side start practising on a demo account also.
  • #185
  • Nov 8, 2019 12:34pm Nov 8, 2019 12:34pm
99,99% traders trade because they are trying to earn money
  • #186
  • Nov 8, 2019 2:30pm Nov 8, 2019 2:30pm
Quoting dean55555
99,99% traders trade because they are trying to earn money
Exactly. Usually everything else is secondary.
  • #187
  • Nov 11, 2019 1:07am Nov 11, 2019 1:07am
traders trade here due to bring profit , but its a big deal. anyone can make profit from trading once or twice . but consistently profit really challenging and difficult and only 5% traders can do it.
  • #188
  • Nov 16, 2019 12:56pm Nov 16, 2019 12:56pm
I don’t know how the others are, but for me, forex trading is something like a part of life. I started trading on a demo account, but gradually got carried away and now I trade for real money. Initially, it really was like entertainment, just getting pleasure from what you earned or adrenaline from what you lost.

But if you're a smart person and not very gambling, then this hobby very quickly develops into a real occupation and a hobby. A hobby isn't just fun, it's what I do in my free time and in what I try to achieve success. Forex is ideal in this regard, as it brings money, knowledge and does not take a lot of resources. I don't need an office, expensive business trips or a lot of costs.

Another question is why I started. And then I don’t even know what to answer, probably I was just interested. And yes, forex leads to adrenaline, so it's important to learn to control yourself.
  • #189
  • Nov 18, 2019 8:52pm Nov 18, 2019 8:52pm
Patience is more essential in trading than investing. Trading is very, very difficult. Trading is impossible for some people. Yes. Not everyone can do this.
  • #190
  • Nov 21, 2019 2:41am Nov 21, 2019 2:41am
its okay agree, which people is not appropriate for trading please tell.
  • #191
  • Jan 3, 2020 3:14am Jan 3, 2020 3:14am
those who have much emotions in order to me should not trade , because only emotions is the foremost reason for huge losing in there. even though its very much difficult to control this common human nature , but by means of regular practice with more discipline you can lead a better life with no emotions.
  • #192
  • Jan 22, 2020 1:56am Jan 22, 2020 1:56am
The reason i trade forex is the the fact that there are infinite number of opportunities to make trading profits.
  • #193
  • Jan 22, 2020 4:48am Jan 22, 2020 4:48am
Quoting Zenotrade
The reason i trade forex is the the fact that there are infinite number of opportunities to make trading profits.
With a five trillion dollar daily volume i guess veterans can easily grab their share from this market. So learning how to earn your market share is utmost important and priority.
  • #194
  • Apr 22, 2020 10:07am Apr 22, 2020 10:07am
Quoting Zenotrade
The reason i trade forex is the the fact that there are infinite number of opportunities to make trading profits.
traders suppose always only real market experience can bring good profit , but its not practical at all, because in spite of having real knowledge and experience minimum return will not come without having a support from a reliable broker , because they can affects the result of our trading with certainly.
  • #195
  • Apr 30, 2020 3:31am Apr 30, 2020 3:31am
Quoting HajiMohsin
{quote} traders suppose always only real market experience can bring good profit , but its not practical at all, because in spite of having real knowledge and experience minimum return will not come without having a support from a reliable broker , because they can affects the result of our trading with certainly.
Indeed a reliable broker is required in order to trade efficiently.
  • #196
  • Apr 30, 2020 7:35pm Apr 30, 2020 7:35pm
I start trading for money but now I am trading to get this money back and working hard for this. I know Forex is a risky business but I also know this that I can make a profit if I have a good strategy and plan, What do you think?
  • #197
  • May 1, 2020 5:44am May 1, 2020 5:44am
I was mainly trading Indian stocks for almost a decade now. Heard about FX not more than a year ago in one of the Trading forums.

Definitely a different ball game altogether. More volatality, more trading opportunities and obviously more risk.

Have been demo trading for a while now, hopefully can make it big in FX as the stocks trading is not as lucrative with restricted leverage.
  • #198
  • May 1, 2020 8:20am May 1, 2020 8:20am
What brokers do you plan to use? I am not sure about the legislation in India, but keep in mind that if you work with an EU-regulated broker you won't get high leverage. The pan-EU regulator banned leverage above 1:30 some time ago. So you will have to do research about that before picking a broker.
  • #199
  • May 1, 2020 9:26am May 1, 2020 9:26am
very update post , thanks mlawson for your nice information , I appreciate you always and your nice activity.
  • #200
  • May 2, 2020 10:58am May 2, 2020 10:58am
Thank you! I do try to be as helpful as I can be!
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