do you think trading is really that hard?

just like the title , do you think trading is really that hard? if so is it the trading thats hard or just yourself not letting you see that things are really simple..

i myself only a few months ago thought trading was extremely difficult and thought "this is useless i will never work this crap out i might as well give up". but decided i would take a few months off to clear my head of everything i've learnt and read about trading and come back fresh and re asses it.

lo and behold i see things much clearer and believe i can trade very profitably now. dont get me wrong i could trade before but i was always second guessing myself and panicking that my trading decisions were wrong not anymore.

so what do you think is it you or the trading?

regards damien

All things are difficult before they are easy.


This cold experience, my friend.

As everything in this life, trading needs special attitude and wait of thinking. But this also about money and every single person will be glad to get more money. So people who is not created for trading or they simply shouldn't trade at all. That's why so many cries : " Trading is hard"!

it started out about money for me, but after awhile the shear frustration of not getting it and going around in circles it became about me beating this so called thing called called forex. i didn't care about the money i just wanted to get it... all along it was there and simple to. i was always told by even my kids your over complicating it stop making things so hard.

as with anything the simpler it is the less things can go wrong and that was my greatest discovery in my few months away from forex.

regards damien

I would say a forex trader needs 5 to 10 years of trading experience to develop a profitable trading strategy and earn consistent yearly profits. So trading is difficult.

Hey Damo

I am on my trading journey and can identify with what you have said! I am having problems with trying to second guess myself and also pulling the trigger when I see a good setup. I am currently trying to master the old trading cliche of 'trade what you see and not what you think'.

Just wanted to ask you what was it that 'clicked' for you and what advise would you give to others who are where you were on the journey?

Thanks and good trading,

Kal

For me I have found trading hard. It is not as easy as the adverts make it to be.
It is like going to Uni and studying for a degree...takes years...some do better sooner...others it takes time.
Every step for me is like a lesson and one that I wish I could sometimes remember when I make mistakes!
It is a hard road...keep at it and you will get there.

Yes, its hard, while You learn it till some moment.

I would be very interested to see someone who would say on they first years of starting trading that trading is easy.

trading is 90% patience in my opinion ...

also, how do I get rid of this 'needs approval' for posting?

what clicked for me was i was just over complicating everything the simpler the better. that and over trading u dont need to be in the market all the time and u dont need to open a trade everyday to make money. simple really but i lost site of the simple things for awhile

regards damien

I think it was hard to get it to the point of being not so hard and in the end the answer was a simple one, but the difficult aspects will always remain, like when do I take a profit, when do I call it quits, how do I control my risk, and what reward should I sacrifice for that control etc etc becasue there's no definitive answers to these questions they're things that need constant attention and what works well for one day won't necessarily work so well the next.

It's not rocket science, but it's tough...

It's easy to win a trade, but it's difficult to consistently win...

Trading is very easy when you get a series of good hands but it becomes extremely difficult when you get a series of bad hands...

Driving a manual transmission car looks very difficult at the beginning, but it becomes routine in a couple of months, sometimes a couple of years to some...


Best Regards,

Nader

Its easy and simple afther 10 years of experience. New traders lerning everyday so cant trade in pice.

I think it depends on why you are trading..

If you are trading to pay the rent and car payments each month then it is hard. Very hard I imagine

If you are trading on the side of a full time job with money you can afford to loose it makes things easier as you can control your emotions and really learn the "trade" - however long it takes.

If you are a retired millionaire, have a pair of balls and a brain on your head you can make serious money. You can risk 1-2% of your account per trade and still get serious money coming in.

There are people making lots of money trading their own accounts, just read new market wizards for inspiration and a few stories

It takes a certain natural skillset to be a successful trader (discipline, balls, intellect) and you need to be in the markets all the time over a number of years before you can really understand the way they move, in my opinion.

Is it hard? Sure. Is it worth it? I think so

The same rule can be applied to lawyers, doctors and many others professions.

The only difference and trading. When you not good with manual transmission you still can drive your car, just slow.

When you bad with trading - you lose money for some period of time, not everyone can handle this!

Not always.

It reminded me of physics (which I know nothing about, never took it) --
"with no net force, the object just keeps doing what it is doing. It is important to note the words net force. This means the total forces upon the object must add up to zero. An object sitting on my floor has a gravitational force pulling it downward, but there is also a normal force pushing upward from the floor, so the net force is zero - therefore it doesn’t move."
Put this in a context that identifies the objects and forces concerned --
A trader dependent on chart study is, most often, an analyst. However, a the person as a trader can be of any or all personality types.

At times, enough concrete facts and how to derive a trade logically from them appear, allowing conversion from analyst to realist: "Make the trade."

A disparate group of facts from various chart study disciplines the analyst has found and the realist checked along the way to the analyst discovering a solid method,
is enough to make a trade, according to the synthesist or the pragmatist: "I can get this trade done."

The tiebreaker between the four may be the idealist, who looks at the rest of the trader's life for need to resolve the ongoing struggle, and who then asks the others if progress has been or can be made enough to get a solution to trade effectively.

Returning to the quote from the physics page, if no "net force" from any of the five personality types prevails to stop a trader from learning -- that is, if a trader-in-training's personality type is primarily analyst -- then failure trading continues to happen, even for ten or more years in a row.

I would imagine there is a timely order to finding a trading solution when one vs. another personality type is dominant in the would-be trader, as well as necessary ingredients for that trading solution creating a different amount of each personality type.

Hm...
Is trading hard?
No. Trading is very easy. The brokers have worked hard to make it simple to put in a buy or sell order.

Is learning to trade hard?
It can be for some. Some people may just have a talent for this sort of thing. Some people are really good at math, others paint beautiful pictures, and some have an eye for making a good trade. Other people will have to study hard and practice hard to learn the reasoning behind making a trade.

Is trading profitably hard?
Again, it can be. People kick around statistics saying between 85 and 95% of retail forex traders fail. I don't claim to know whether or not that's true. I know I failed at first, but learned my lessons and now I trade profitably on my live account.

It's all about finding what works for you. Someone's system that works amazingly could bust another trader's account. Always always always test a new trading plan on a practice account before a live one, no matter how many people say they trade it successfully.

Well if you are a Gambler than its not hard as you just come in buy and sell and results depends on your luck but if you are a true technical trader than Yes trading is hard its not as easy as it seems specially for a newbiews ,,, You need experience and great depth of knowledge if you want trading as a profession ,,,

I agree. Trading by itself is mix of science, gambling and luck. Many traders don't trade, they gamble. They don't trade how they should trade and that's why we have such opinion. Will you try to make heart transplantation after reading a couple of books? - Nope. So why everybody thinks that after couple classes or books they can start trading and everything will be fine. Many problem why there are so many non-profitable traders is people are lazy and they don't study hard enough.

There is a lot of truth in this thread. My FOREX trading career is just beginning, but the story of my life is long. FOREX is just like any other human endeavor. You can either play with it, do it because you think it's exciting, or you can proceed step by step and try to learn everything you can along the way from both your successes and failures. Every trade, win or lose, is a lesson. To trade well, you have to have confidence in yourself, but be humble before your own lack of knowledge. To devote oneself to a pursuit, there has to be genuine enthusiasm for what you are doing. Is trading "hard?" Yes. Does it feel like hard work? Not if you really enjoy what you are doing. Like anything else, you can do it for the money, you can do it to impress other people, or you can do it for satisfaction in your own accomplishments and development of self-discipline. You must make the choice and know the reason.