What are the disadvantages of Forex trading? | Forex Factory

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What are the disadvantages of Forex trading?

  • #1
  • First Post: Oct 13, 2005 5:16pm Oct 13, 2005 5:16pm
Hello dear fellows i am a newbie i have experience on sports betting and i would like to find some more solid type of investment like the Forex and i would like to use your experience and kind to ask some questions
the first one is what are the disadvantages of the forex system?
A lot of people are trying to tell me to use the spread betting system any comments from you people?
Thanks in advance yours Tomas
  • #2
  • Oct 13, 2005 6:11pm Oct 13, 2005 6:11pm
Quoting tompas
what are the disadvantages of the forex system?
HUGE commision costs (disguised as fixed spreads). thats about it
Relax and be happy.
  • #3
  • Oct 13, 2005 6:44pm Oct 13, 2005 6:44pm
Trading psychology can pose some disadvantages, considering money management and or discipline. Once you switch from a demo account to a real account, all bets are off. You may find yourself at a disadvantage considering using your betting skills in the Forex market. Apples and oranges sir. Forex ain't easy, it takes GUTS to trade the Forex.
Because helping each other is a good thing.
  • #4
  • Oct 14, 2005 12:06am Oct 14, 2005 12:06am
Wow Thanks fellows...
  • #5
  • Oct 14, 2005 4:16am Oct 14, 2005 4:16am
Quoting ElectricSavant
A lack of Regulation & Standardized quotes.
i always thought of this one as an advantage i like trading in the wild west!
Relax and be happy.
  • #6
  • Oct 14, 2005 4:17am Oct 14, 2005 4:17am
Quoting tompas
Wow Thanks fellows...
hey man dont let us get you down on Forex though...this is the greatest market in the world...
Relax and be happy.
  • #7
  • Oct 21, 2005 10:18pm Oct 21, 2005 10:18pm
Disadvantages compared to??

Stocks, futures, commodities??.... These are great instruments but Forex is KING!!!!
  • #8
  • Oct 22, 2005 2:38am Oct 22, 2005 2:38am
FOREX is the best market for day trader !
  • #9
  • Oct 22, 2005 10:42am Oct 22, 2005 10:42am
Quoting tompas
Hello dear fellows i am a newbie i have experience on sports betting and i would like to find some more solid type of investment like the Forex and i would like to use your experience and kind to ask some questions
the first one is what are the disadvantages of the forex system?
A lot of people are trying to tell me to use the spread betting system any comments from you people?
Thanks in advance yours Tomas
impotence, paranoia, mood swings, depression, poverty, nightmares, divorce, insomnia. would you like me to list the advantages? jim
  • #10
  • Oct 22, 2005 10:49am Oct 22, 2005 10:49am
Quoting james16
impotence, paranoia, mood swings, depression, poverty, nightmares, divorce, insomnia. would you like me to list the advantages? jim
I thought those were the advantages.
  • #11
  • Oct 22, 2005 11:54am Oct 22, 2005 11:54am
Advantage: Getting control over yourself and your emotions. Disadvantage: Your wife or gf will probably dump you

Advantage: Getting rich slowly. Disadvantage: Others will mock how poor you are

Advantage: Knowing the value of hard earned money. Disadvantage: You will still act as a non-rich person

Advantage: Taking control over your time mostly. Disadvantage: Committing more time to trading than before

Advantage: Having a broad global economic view. Disadvantage: Confused about which currency is better to hold your funds at

Advantage: You will become a computer expert. Disadvantage: Your eyes, back, neck and muscles will suffer

Advantage: You will become deeply involved into psychology. Disadvantage: People will run away from you as they might find you crazy

Advantage: You will become wiser. Disadvantage: You won't find friends easily, and it will be harder dealing with current ones


Thanks,

Nader
  • #12
  • Oct 22, 2005 12:17pm Oct 22, 2005 12:17pm
Quoting narafa
Advantage: Getting control over yourself and your emotions. Disadvantage: Your wife or gf will probably dump you

Advantage: Getting rich slowly. Disadvantage: Others will mock how poor you are

Advantage: Knowing the value of hard earned money. Disadvantage: You will still act as a non-rich person

Advantage: Taking control over your time mostly. Disadvantage: Committing more time to trading than before

Advantage: Having a broad global economic view. Disadvantage: Confused about which currency is better to hold your funds at

Advantage: You will become a computer expert. Disadvantage: Your eyes, back, neck and muscles will suffer

Advantage: You will become deeply involved into psychology. Disadvantage: People will run away from you as they might find you crazy

Advantage: You will become wiser. Disadvantage: You won't find friends easily, and it will be harder dealing with current ones


Thanks,

Nader
Oh no....It is me....
  • #13
  • Nov 22, 2006 2:35pm Nov 22, 2006 2:35pm
Your only disadvantage in forex is not playing by the rules. If you dont discipline your to trade our style until you master it then learn new styles everyday you will be at a disadvantage. The forex is the best daytrading arket in the world. I have made $26,300 in 11 hours. I don't know of any other avenue an average Joe can make so much i so little time.
  • #14
  • Nov 23, 2006 12:01am Nov 23, 2006 12:01am
Quoting phildunn
Oh no....It is me....
me too
  • #15
  • Dec 4, 2006 5:20pm Dec 4, 2006 5:20pm
compare your sports betting and forex risks which is more riskier?
betting is all luck with small chance to win, forex is something different
  • #16
  • Dec 4, 2006 10:11pm Dec 4, 2006 10:11pm
Quoting Pertti
compare your sports betting and forex risks which is more riskier?
betting is all luck with small chance to win, forex is something different
That's not entirely true. Betting when you have a know advantage is a good way to make money. I have made thousands betting when I know I have the advantage. Not only on one or two lucky bets either, but a slow grind. I have easily wagered over half a million dollars over the last couple years, with profit to show.

One advantage of 4X for our origional poster: When you are sport betting (if you are doing it right) you are probably not taking a lot of bets, but the bets you are taking are based on some sort of highly creditable advantage (or precieved advantage), and thus will give you a positive expectation when done over and over again.

I look at 4X the same way. I'm mearly learning how to look for 'bets' which, when done over and over again, will give me a positive expectation. Patients, patients, patients, pounce is how it goes.....
  • #17
  • Dec 5, 2006 1:22am Dec 5, 2006 1:22am
The biggest advantage to trading is all you have to do is sit at your desk and click your mouse to do business. The big obstacle is you have to fully immerse yourself or you won't make it. Even then you probably won't make it.
How you act is more important than how you feel.
  • #18
  • Last Post: Dec 5, 2006 3:28pm Dec 5, 2006 3:28pm
Quoting Matthew
That's not entirely true. Betting when you have a know advantage is a good way to make money. I have made thousands betting when I know I have the advantage. Not only on one or two lucky bets either, but a slow grind. I have easily wagered over half a million dollars over the last couple years, with profit to show.
i once heard smilar story, but then guy was casino addict
but its good that its working for you
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