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Forex trading

  • #1
  • First Post: May 14, 2004 8:03am May 14, 2004 8:03am
I have had a good look at forex trading and for the amount of money it seems can be made from it, it does not seem difficult. Is this an illusion and what would the requirements be?
  • #2
  • May 14, 2004 8:20am May 14, 2004 8:20am
You might need more options and volatility than the stock market like trading the money market. You will find comprehensive information on this subject at www.forextraderengland.com The site is really informative.
  • #3
  • Oct 22, 2005 12:06am Oct 22, 2005 12:06am
Quoting Adriaan001
I have had a good look at forex trading and for the amount of money it seems can be made from it, it does not seem difficult. Is this an illusion and what would the requirements be?
I suggest that you open a demo account and get into action and you will be able to answer your question within 2 or 3 months.

IMO, there is no easy money out there even if it seems so. When you see money on the corner of the street, before you think of going to fetch them, start looking and scanning the area for all possible traps.

Thanks,

Nader
  • #4
  • Oct 22, 2005 8:23am Oct 22, 2005 8:23am
Quoting Adriaan001
I have had a good look at forex trading and for the amount of money it seems can be made from it, it does not seem difficult. Is this an illusion and what would the requirements be?
First and foremost, welcome to Forex Factory. You can learn a lot right here without clicking through websites. Everyone here shares knowlege and experience. The only thing that is not difficult about trading Forex is opening an account. If you're considering opening the $300.00 mini account, I support Narafa's suggestion of using the demo account. If I had to do it over again, I would have demo traded for a year before putting real money into it. Take it from someone who saw it as you do, Forex is like a college education that you need to obtain before you practice medicine. For pete's sake don't buy any of those SUPER AMAZING FOREX SECRETS REVEALED CRAP. Stay here with us, keep reading and asking questions, and demo trade.
Because helping each other is a good thing.
  • #5
  • Oct 22, 2005 8:55am Oct 22, 2005 8:55am
LOL! This post is over 17 months old!!! I wonder if he's made his fortune yet!

Quoting Adriaan001
I have had a good look at forex trading and for the amount of money it seems can be made from it, it does not seem difficult. Is this an illusion and what would the requirements be?
  • #6
  • Oct 22, 2005 11:09am Oct 22, 2005 11:09am
Ya Adriaan001, please post back what have you done with you trading since then

I just noticed that you have posted this a long time ago..lol..

Thanks,

Nader
  • #7
  • Oct 22, 2005 11:37am Oct 22, 2005 11:37am
And to think I WELCOMED him. Yo Adriaan, go rent Back To the Future.
Because helping each other is a good thing.
  • #8
  • May 7, 2019 9:20am May 7, 2019 9:20am
in my opinion, this could be between the two.
  • #9
  • May 7, 2019 12:22pm May 7, 2019 12:22pm
My first mistake in Forex was that I too arrogantly thought that everyone was stupid and losing cash and I’m so smart and I’ll earn it.
I didn't have enough knowledge experience. And I was too nervous.
Study, study and study again. Read the new information, weigh all the pros and cons. Don't be like me at the beginning.
  • #10
  • Sep 17, 2019 11:46pm Sep 17, 2019 11:46pm
Nothing comes easy. However, if you want to earn good amount of money you can follow some of the guidelines which i have been following like Start with a demo account first, learn to do your own analysis and find a good broker.
  • #11
  • Sep 25, 2019 2:26am Sep 25, 2019 2:26am
Well, do not take forex lightly. It seems to be easy but without the basic know-how, you can’t stand the pressure here. Be acquainted with all the knowledge and then start, that is what I would suggest.
  • #12
  • Sep 26, 2019 7:05am Sep 26, 2019 7:05am
Yes you are right. Never take it easy when you are new in Forex trading. Only key is to keep patience and play well. Just start with basic knowledge and get to know about best tips for FX trade. Happy trading!
  • #13
  • Sep 26, 2019 11:03am Sep 26, 2019 11:03am
the key to success depends on just one thing.you will find this profitable strategy or not. the rest is just blah, blah
  • #14
  • Oct 1, 2019 1:00am Oct 1, 2019 1:00am
I agree. It just seems too good and easy in the start but once you start trading forex, you will get to know how difficult it is to make money in this market. You have to take a systematic approach to become a successful forex trader.
  • #15
  • Oct 1, 2019 1:58am Oct 1, 2019 1:58am
I am not surprised why people think it is easy after taking a look at forex trading. It is not. It seems easy on paper or demo, but in real, it is not. You need to have a skills on price movement, analysis, charts and only few know how to make consistent.
  • #16
  • Oct 29, 2019 7:34am Oct 29, 2019 7:34am
Quoting Andrewbrown
Well, do not take forex lightly. It seems to be easy but without the basic know-how, you can’t stand the pressure here. Be acquainted with all the knowledge and then start, that is what I would suggest.
You are right. Basic knowledge is must in order to start trading in forex.
  • #17
  • Nov 15, 2019 5:38am Nov 15, 2019 5:38am
Quoting aleks22
I am not surprised why people think it is easy after taking a look at forex trading. It is not. It seems easy on paper or demo, but in real, it is not. You need to have a skills on price movement, analysis, charts and only few know how to make consistent.
Totally agree with you, there’s no magic in forex that will give you easy money. A lot of hard work goes into it, which many people fail to understand.
  • #18
  • Nov 17, 2019 12:54am Nov 17, 2019 12:54am
I did not find a suitable topic, but I need to contact support or come to their office. This page https://www.forex.com/en/support/ contains their address.
Has anyone been to this address?
  • #19
  • Nov 20, 2019 4:00am Nov 20, 2019 4:00am
Quoting Bob99
{quote} Totally agree with you, there’s no magic in forex that will give you easy money. A lot of hard work goes into it, which many people fail to understand.
I agree. If it would have been so easier to make money though forex trading, everyone would have been a millionaire. So you need to pull your socks up if you want to be a successful trader.
  • #20
  • Nov 20, 2019 7:50am Nov 20, 2019 7:50am
Quoting dany2019
{quote} I agree. If it would have been so easier to make money though forex trading, everyone would have been a millionaire. So you need to pull your socks up if you want to be a successful trader.
Fully agree with you. It took a lot of time to study forex. And I think I don't know anything.
I learned from my mistakes, analyzed every closed order in order to understand why I made a profit or why I lost a profit. And I mostly studied not like everyone else on demo but on real money. And it brought success and brings it to this day. Perseverance and knowledge only help in forex trading but are not a fundamental factor.
If anyone is interested, I will tell how it was with me. But I believe that everyone should come to this on their own.
Your profit is my work.
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