Can anyone be a Forex Trader? | Page 2 | Forex Factory

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Can anyone be a Forex Trader?

  • #21
  • Jul 13, 2012 11:21pm Jul 13, 2012 11:21pm
No
  • #22
  • Jul 14, 2012 4:11pm Jul 14, 2012 4:11pm
Quoting smikester
I agree and apart from a willingness to put the hours in and learn, one of the biggest problems in making a profit is drawdown. Even with good trading knowledge there will be drawdown and losses. It is most frustrating to see trades do well and then watch as retracements eat into your profit. When you have experience, you will accept this and even identify where people who are feeling like you (aka the market) are closing their trades. This is the equivelant of selling, if you are long, or buying if you are short. So you watch people selling (if...
LOL..
It takes all sorts to make this world go round and the same applies to Fx market. Newbies need to understand that there's just no way any trader is making profit all the time and at most, their win rate would be in the high 80-90's..
If you take a close look at EA's pitch [Any EA], you'll find the one liner "make profit every time you trade in the forex market" and it will usually be followed by "This market is a trillion $$$ market" and so it goes..
To all the newbies reading this thread, review all the FREE info on trading [there's tonnes], review, research, apply on demo and after a while, move to live account. And do not fall for the snakeoil pitch [EA]..
  • #23
  • Edited 6:03pm Jul 14, 2012 5:52pm | Edited 6:03pm
Quoting Forexnuts
To all the newbies reading this thread, review all the FREE info on trading [there's tonnes], review, research, apply on demo and after a while, move to live account. And do not fall for the snakeoil pitch [EA]..
True, been there, done that... Refreshing to see someone else who cares!
Fuck Forex Factory.Wake up people.
  • #24
  • Jul 14, 2012 10:45pm Jul 14, 2012 10:45pm
Can anyone be a Forex Trader?

not at all.....successful forex traders are most sophisticated brains on planet, its not easy to trade.
No place for mistakes
  • #25
  • Jul 18, 2012 9:31pm Jul 18, 2012 9:31pm
hi,guys, i want to know what i should notice before open the forex live account?
  • #26
  • Jul 19, 2012 12:46am Jul 19, 2012 12:46am
See my post on this page.

http://www.forexfactory.com/showthread.php?t=120506
  • #27
  • Last Post: Jul 19, 2012 1:17pm Jul 19, 2012 1:17pm
Quoting sunshinebaby
hi,guys, i want to know what i should notice before open the forex live account?
Sorry, but can you clarify a "tad" more? If you are new to trading, would seriously advice setting up demo and then moving on to live trading. Make sure that the broker's platform is reliable and does not go "phut"..
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