risk is everywhere at any business , but Forex trading contains huge risk than others. so need a proper trading first of all. but our plan not works because there is no money management.
Ignored
I agree. Most traders train themselves though, they don't have a choice.
{quote} The other main risk is them getting scammed. Sadly, it happens a lot.
Ignored
People get scammed because of their greed. They believe unbelievable offers provided by different scammer. People should use some logics before trusting anyone. Stay away if it's too good to be true.
|
Additional Username
|
Joined Apr 2018
|323 Posts
risky trading comes from immature trading plan , and we the traders have to make sure good plan by means of relaastic situation. otherwise it could be dangerous.
|
Additional Username
|
Joined Jul 2020
|135 Posts
Forex is risky for those who have no knowledge about the market and trading. If you have proper knowledge and experience you can easily make money from this market.
|
Additional Username
|
Joined Dec 2015
|3,529 Posts
I don't think profiting from forex is ever easy, even if one knows what they are doing. It's always something that requires a lot of effort, focus and dedication.
Forex is risky for those who have no knowledge about the market and trading. If you have proper knowledge and experience you can easily make money from this market.
Ignored
I would say that if you have proper knowledge and experience it is likely that you will make a profitable trader but its not going to be easy by any stretch of the imagination.
|
Additional Username
|
Joined Apr 2018
|323 Posts
knowledge and experience always helps for all , but i think its all about very short time process. there is nothing which work for permanently in this trading place.
It may sound dumb, but forex is risky because you wittingly take risk. If you choose to trade without leverage and pick currency pair as the trading instrument, there is zero probability for you to lose, because what you do is simply exchange your currency into another.
Forex is risky if you over leverage and do not know what you are doing, like all other business also have certain risk... even conventional business can make you bankrupt if not manage it properly.
What make so many people fail in this business is because of greed and lack of knowledge, want to get rich fast but do not learn to walk step by step. Because of greed people trade with over leverage and finally overwhelmed by fear of losses.
It may sound dumb, but forex is risky because you wittingly take risk. If you choose to trade without leverage and pick currency pair as the trading instrument, there is zero probability for you to lose, because what you do is simply exchange your currency into another.
Ignored
Trading without leverage - you are taking away the very reason that attracts traders to forex.
{quote} Trading without leverage - you are taking away the very reason that attracts traders to forex.
Ignored
Why, I don't think so. With enough volatility in an instrument you will be able to make decent money. Take for example, 2-3% daily move in some instrument and 10K equity..Full amount bet will result 200-300 USD intraday gain. Isn't it enough for ya?
|
Additional Username
|
Joined Apr 2018
|459 Posts
actually any kind of prediction not works for all time , for that reason we the traders consider this place as a uncertain trading place , and risk is every where
