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Why do you Trade Forex?

  • #61
  • Aug 4, 2012 1:35pm Aug 4, 2012 1:35pm
I wanted to do something new which involve "investing" time & money. I work in sales so I already have quite flexible day job. Started with fx market by accident I was one of those guys who clicked "you can earn 1000$ per week) ban somewhere on internet, can't even remember when exatcly but over a year ago last summer.
Forex is a great mental challenge, every day is different, you can change your life or ruin it. That exciment is probably the most important fact for me and this is why I am still doing it and getting better every day.
Not a full timer yet but I am sure I will be trading for a living in a forceenable future. I simply cannot imagine to have a boss again, not with my knowledge and time I have spend looking at charts.
About people who like to call fx a scam and all that wannabe shite - if you cannot get a grip in about a year - two max this is not for you and you should try to find something else in your life.
swing it!
  • #62
  • Sep 20, 2012 8:48am Sep 20, 2012 8:48am
To make a living, pure and simple.

I know some people who trade for a side income, or as a hobby, or just curious. But for me, its my living.
  • #63
  • Sep 29, 2012 8:27pm Sep 29, 2012 8:27pm
Its mostly because of money and the fact that i hate working for other people. That's pretty much it really. My dad said this to me once (you will never become a billionaire working for someone else). Plus the hours are flexible xD
  • #64
  • Oct 2, 2012 1:17am Oct 2, 2012 1:17am
I trade forex because it keeps me up to date on what is going on in the world. I love world events and find it fascinating... and there's also the bonus of the money of course!
  • #65
  • Oct 2, 2012 1:57am Oct 2, 2012 1:57am
Can one say that it's trendy to trade? Profit? Definately! Adrenaline? For sure! I'm a new comer for Forex so for me first of all it's an opportunaty to gain not only money but also experience!
  • #66
  • Oct 3, 2012 1:40pm Oct 3, 2012 1:40pm
Quoting DimaRandajad
Can one say that it's trendy to trade? Profit? Definately! Adrenaline? For sure! I'm a new comer for Forex so for me first of all it's an opportunaty to gain not only money but also experience!

It takes some time to people to become profitable in a stable way, in terms of years and blowing some accounts. There are also people who never get to that position. But definetly, you can make it a business.
  • #67
  • Oct 3, 2012 2:14pm Oct 3, 2012 2:14pm
Quoting trickshady
I tried forex and got brainwashed by the idea that one can make a lot of money. Now I've quit for life as I have other plans on how to actually make a lot of money and still not work a 9-5 day job just like every successful rich person on earth. My conclusion about forex is - FOREX IS A SCAM!!! You will NEVER make a lot of money with forex! Props to you if you ever break even, then you are as good as a homeless person without a job ROFL!
Try trading the one min chart.The one min chart looks the same as the 4 hour hour chart-they are the same.

If your good after many years 2.5% per week is very easy.

Thats 10% per month.
Compounded that is 300% profit per year.

This is what I have done last 2 years.Now that is a good business.
  • #68
  • Oct 4, 2012 3:25am Oct 4, 2012 3:25am
Hi, there. For me trading first of all Forex is an opportunity to earn money. But here is a passion and adrenalin of course. But I thing everything I do have to be profitable and useful. Otherwise it has no sense.
  • #69
  • Oct 4, 2012 1:03pm Oct 4, 2012 1:03pm
Hello, everyone. I can say that I'm in Forex to get profit, but watching your opinions makes me agree that it's a mental challenge, because when I try to do some analysis, I see some price movements, and try to do some forecasts, and it's not that easy, especially at the beginning. What would anyone say from their experience on that?
  • #70
  • Oct 4, 2012 1:24pm Oct 4, 2012 1:24pm
Quoting Coleen
Hello, everyone. I can say that I'm in Forex to get profit, but watching your opinions makes me agree that it's a mental challenge, because when I try to do some analysis, I see some price movements, and try to do some forecasts, and it's not that easy, especially at the beginning. What would anyone say from their experience on that?
You say you are in Forex to get profit. Mmm..., not bad. I'd say, that first learn how NOT to lose your account, try to get in and out the market and stay flat (if you can). Then you START to learn how to get profits from the markets.
  • #71
  • Oct 4, 2012 3:14pm Oct 4, 2012 3:14pm
Because the amount of money you earn is exponential considering you let the account grow.
  • #72
  • Oct 5, 2012 9:15am Oct 5, 2012 9:15am
Quoting joecn
You say you are in Forex to get profit. Mmm..., not bad. I'd say, that first learn how NOT to lose your account, try to get in and out the market and stay flat (if you can). Then you START to learn how to get profits from the markets.
Thank you, appreciate your opinion. I'll do my best.
  • #73
  • Oct 6, 2012 6:37am Oct 6, 2012 6:37am
I have a full time job and forex trading can be done part time as well. It allows us to trade 24x5 days. Therefore I choose forex trading first.
  • #74
  • Oct 6, 2012 7:06am Oct 6, 2012 7:06am
Quoting isaacyassar
Hello folks! Let's have a nice warm discussion, shall we?

Why you choose to be a forex trader in the first place?

You may use money as your reason but if you have a slightly deeper reason that would be very nice to share :-)

Me, it's because of 3 things: I feel forex is unique, I feel talented in it, and I can be my own boss there ;-)

As I studied English Literature in university, most of my colleagues become teachers/lecturers or government staffs. I don't want to be the same, my passion is to have...
I trade FX for one reason: money. What attracts me to FX is the ever changing, fast paced environment. The nature of trading is the ultimate challenge, as the markets are never forgiving and always trying to take your capital. There is also a primal, survivalist nature of the business that also attracts me where only the smartest and most adaptable people will survive. I might sound like a sadist or masochist but looking adversity in the face is what drives me. Don't get me wrong, FX trading is fun and enjoyable, but I don't care about that, that's just an additional perk in my opinion. Generating P/L day in, day out is the goal.
  • #75
  • Oct 6, 2012 11:23am Oct 6, 2012 11:23am
forex is probably one of the most "static" money-making world. yes i say it because there's not much difference trading $5000 and $500,000 (except the psychology of course!)

compare it with how to run small business and big business. It's not the same. In fact, totally different.

Thats why i love forex.

im still learning though. I hope i can be a consistent trader (in long term)
  • #76
  • Oct 6, 2012 1:30pm Oct 6, 2012 1:30pm
Because i have nothing better to do with my life. Just kidding...
Fuck Forex Factory.Wake up people.
  • #77
  • Oct 6, 2012 2:13pm Oct 6, 2012 2:13pm
LOL, don't despair, you're not the only one

Quoting ramy3
Because i have nothing better to do with my life. Just kidding...
forget about tomorrow, just steal away into the night
  • #78
  • Oct 6, 2012 2:18pm Oct 6, 2012 2:18pm
Quoting spekitox
LOL, don't despair, you're not the only one
LOL, feal better now... thks!
Fuck Forex Factory.Wake up people.
  • #79
  • Oct 6, 2012 2:56pm Oct 6, 2012 2:56pm
The term forex for me really has been less about what it is and more about the beginning of a journey for me with how to create more money for myself and do it without having to get a real job like when I was cleaning toilets for the last 4 years. I think with a job like cleaning toilets you develop a pretty strong motivation to find someone else and do it ASAP! You know I've had years where I'm made allot of cash, other years that were just plain losers but all in all its something I really enjoy. I now actually prefer trading binary options more than anything, I'm doing well at it but what really fascinated and kinda made me more curious was because I saw people who were taking a $200 account and turning it into $4000 in 20-30 days. Yes, it sounds unbelievable but I'm finding out with Binary Options there really is that big of a potential. I'm still on this journey and forever will be learning but for me its a ride I absolutely love!
  • #80
  • Oct 9, 2012 11:45am Oct 9, 2012 11:45am
Hello,
Forex market brings together so many favorable conditions for getting started and making money. Just remember that if you can make money in forex, you can also lose money. So make the most of the opportunities on offer by doing the right preparation and trading sensibly. That way, you too can get what you want out of forex trading.
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