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Is trading really that hard?

  • #221
  • Jul 23, 2015 3:45am Jul 23, 2015 3:45am
If you look at really successful traders' trade, you find an interesting thing (or rather several):
● iron discipline.
● control of emotions.
● strict adherence to the chosen trading strategy.
● competent money management.
● understanding of the laws of market, what moves the price?

Sounds simple, doesn't it? But for each listed item there are months or years of work on oneself. But the trader is growing as a person and professional, has a long-term perspective in terms of fulfillment and earning his own mind.
  • #222
  • Jul 23, 2015 8:21am Jul 23, 2015 8:21am
Quoting VatslavFX
If you look at really successful traders' trade, you find an interesting thing (or rather several):
Totally agree with you, Vatslav, also would like to add greed. Greed is the main reason for trader's failure. They have not been able to become a successful forex traders, because they would not let greed. This is a normal emotion that is present at all, to a greater or lesser degree. Everyone likes to work less and earn more. All dream of becoming millionaires or even multi-millionaires as soon as possible, but the problem is that it is a strong desire can not only prevent you from becoming rich, but do not allow you to become a successful forex trader who is able to secure a stable regular income each month.
  • #223
  • Jul 27, 2015 12:30pm Jul 27, 2015 12:30pm
"Is holding one's breath over 3 min really that hard!?"

Ask this question, and you will receive from 95% of the population a big yes!
There will be even some people who will say, of course you can die from it - never try this!

And then there are these 5% who train it, day in day out, over years. They will answer this question with a charming smily.

There are million ways to make money in the markets, the markets are like the circel of life or the ecological system. There is enough space for everybody, who is willing to survive there!

It all starts with the tick chart, HFT, Tape Reading goes over to the Scalper, Daytrader, EOD-Trader, Swing Trader, Weekly/Monthly Trader and end's by the Investor.

On the one side, they all fight against each other, but on the other side, they depending from each other.

Finding the niche, who fit's to your personality and your possibilities and only trade out of this particular field!

So first find the niche you feel comfortable, and then, stick with iron discipline to it!...
Unfortunately i can't tell you what's easier.

2 Exampels from the nature:

The lion is one of the strongest animals in the world. When it goes on hunting, it don't attack blindly all
animals. It exactly know whereafter it is watching out, and when it find a herd of antilope, it will attack,
- also here not blindy on of the antilopes - it will search for the smallest and weakest of the whole group.

Today i was outside with my dog, he make his "big buisness" on the gras and we moved on!
On the way back, only 10min later, there where countless fly's over it. So these animals wait the whole day to eat shit, but they survive!

Sorry for my english, but i hope it's clear what i wanna say!

Good luck,
MFirst
  • #224
  • Jul 28, 2015 7:49pm Jul 28, 2015 7:49pm
Trading isn't hard. It is simply the case of finding sweet spots in the market that will give the best risk to reward ratio, however it took me years to realize the importance of cutting losses short and letting profits run. Now across all my accounts I trade over 5000 lots per month and regularly withdraw profits. But don't be misled, thinking that a winning system is all that is required to make consistent money.
  • #225
  • Jul 29, 2015 10:21am Jul 29, 2015 10:21am
Enough with this tomfoolery, you can do whatever you set your mind to. Forex trading, like anything in life can be overcome, so stop being lazy and do what you know needs to be done.
  • #226
  • Aug 11, 2015 8:06pm Aug 11, 2015 8:06pm
I think it is a matter of having the adequate level of knowledge of the markets and having the right tools. The right tools are crucial because you can see opportunities for trading that you would have missed with them. They help you make trading decisions with more accuracy and precision.
  • #227
  • Aug 12, 2015 9:34am Aug 12, 2015 9:34am
Quoting shash05
I think it is a matter of having the adequate level of knowledge of the markets and having the right tools. The right tools are crucial because you can see opportunities for trading that you would have missed with them. They help you make trading decisions with more accuracy and precision.
Each trader has to decide on the outcome of a trade after a careful evaluation of the present market conditions. What is actually working for someone might not at all work for the others.

Because there are a lot of variable factors that we have to take into account in order to get success in our trades
Trading in Forex since 8 years
  • #228
  • Aug 13, 2015 11:29am Aug 13, 2015 11:29am
Trading is hard not because it is impossible to achieve good results, but because it requires a lot of knowledge, experience, patience, and of course time and energy to learn. Investing yourself into something so much is hard for a lot of people.
  • #229
  • Aug 13, 2015 1:40pm Aug 13, 2015 1:40pm
trading is really hard .. till you know how really to trade !
  • #230
  • Aug 13, 2015 4:00pm Aug 13, 2015 4:00pm
Trading is difficult to those who make complicated. overloading your platform with tons of indicators that does not correlate with one another, trading volatile pairs, and risking your entire investment. if you have a strategy, make sure it is so simple that you can explain it to a 10 year old. Trading does not have to be hard, just find a strategy that suits you and you wont have any problems
  • #231
  • Aug 14, 2015 9:36am Aug 14, 2015 9:36am
Quoting Muhammad Ezz
I was reading earlier today the pdfs explaining the Sonic R trading style and yesterday I watched a couple of videos for Al Brooks PA course. I just had two lines sticked to my memory. When Brooks said " when I was an eye surgeon before starting trading I was able to make one surgery at a time while in trading I can have lots of shares and profit more, this is a hard job but well rewarding " and in the one of Sonic pdfs he talked about that people should take trading seriously and asked this question " how many years are you willing to go to a college...
the mechanics are not to hard... it's the mental aspect that i find are the hardest... hence hindsight is always so easy! Live totally different story.
  • #232
  • Aug 14, 2015 12:51pm Aug 14, 2015 12:51pm
Quoting Muhammad Ezz
Is trading really that hard?

Collectively, or for the "average trader" (whoever that is), it is; yes.

But just as tends to be true of any activity (such as playing golf) from which a very small minority of people consistently make a very good living, it isn't actually so hard at all for people who have the appropriate skill-set to do it very successfully.

The problem is that (just as with golf) the "appropriate skill-set" is very difficult for most people to acquire: it will typically take determination, practice ("10,000 hours"?), persistence, some intelligence, plenty of education, self-control, balance, time, self-motivation, hard work and probably a few other things, too; but because it looks (to some) less skilful than golf, it also attracts a huge number of naive no-hopers who simply don't appreciate that those ingredients are actually necessary components of any long-term winning recipe. And there's always a huge number of "vendors" all too willing to take advantage of that reality.
  • #233
  • Aug 16, 2015 8:47pm Aug 16, 2015 8:47pm
Quoting Muhammad Ezz
I was reading earlier today the pdfs explaining the Sonic R trading style and yesterday I watched a couple of videos for Al Brooks PA course. I just had two lines sticked to my memory. When Brooks said " when I was an eye surgeon before starting trading I was able to make one surgery at a time while in trading I can have lots of shares and profit more, this is a hard job but well rewarding " and in the one of Sonic pdfs he talked about that people should take trading seriously and asked this question " how many years are you willing to go to a college...
IMHO, making money consistently is very very hard. There must be many reasons why over 90% people quit this business within 6-12 months. I am sure anyone with few yrs of trading experience would support my view.
Meditate -> Workout -> Good Food = Good Life!
  • #234
  • Aug 16, 2015 10:20pm Aug 16, 2015 10:20pm
Quoting YellowFellow
{quote} IMHO, making money consistently is very very hard. There must be many reasons why over 90% people quit this business within 6-12 months. I am sure anyone with few yrs of trading experience would support my view.
I think you got it wrong, Scammers make money consistently and easily becos there is a new fool born every minute. Thats why after a few years of trading most traders switch to scamming for easier money. Thats exactly what is happening here in FF with all those ludicrous and half baked trading systems being touted as holy grail and whatnots. Its a snake pit here so tread carefully lest you be bitten.

GS
  • #235
  • Aug 17, 2015 7:52am Aug 17, 2015 7:52am
Quoting genghistar
{quote} I think you got it wrong, Scammers make money consistently and easily becos there is a new fool born every minute. Thats why after a few years of trading most traders switch to scamming for easier money. Thats exactly what is happening here in FF with all those ludicrous and half baked trading systems being touted as holy grail and whatnots. Its a snake pit here so tread carefully lest you be bitten. GS
Ponzi was selling swamp land in Florida and underwater plots to investors in New York. There's stupid people at every corner and at every level. Not difficult to outsmart the herd.
Best regards, Zef
  • #236
  • Aug 17, 2015 12:15pm Aug 17, 2015 12:15pm
I'm also currently starting to take up trading because my brother has been studying forex trading. He said that, it wont be that hard once you've been researching long and hard enough. I'm currently struggling. But hey, hardwork pays off, as long as your working hard in the right places. Good Luck, mate
  • #237
  • Aug 18, 2015 7:16am Aug 18, 2015 7:16am
Quoting daniel5613
I'm also currently starting to take up trading because my brother has been studying forex trading. He said that, it wont be that hard once you've been researching long and hard enough. I'm currently struggling. But hey, hardwork pays off, as long as your working hard in the right places. Good Luck, mate
I can tell you from my own trading experience that learning Forex will not be easy for you and will certainly require much efforts from your side.

Yes the struggle will be there and the time that you will take will only depend on the skills that you can learn
Trading in Forex since 8 years
  • #238
  • Aug 26, 2015 7:35am Aug 26, 2015 7:35am
I think trading is not that hard, all what you need is full awareness about the global economy. One need to understand what all factors are affecting the market and should even know how to do fundamental and technical analysis because these analyses give a clear picture about the market and we could make a judgment of where would this market move. Forex Trading requires few important things-
1) One should have patience. He should panic to see the market going away from his expectations because with time everything comes back to equilibrium.
2) Always try to understand the different pattern formations like head and shoulder, falling wedge, rising rectangles etc.
If you are interested in forex trading then start learning small concepts, and start trading with demo account with any broker which would make you it easy for you to understand the market well.
Happy Trading!
  • #239
  • Aug 29, 2015 5:07am Aug 29, 2015 5:07am
Quoting MFirst
"Is holding one's breath over 3 min really that hard!?" Ask this question, and you will receive from 95% of the population a big yes! There will be even some people who will say, of course you can die from it - never try this! And then there are these 5% who train it, day in day out, over years. They will answer this question with a charming smily. There are million ways to make money in the markets, the markets are like the circel of life or the ecological system. There is enough space for everybody, who is willing to survive there! It all starts...
Thats very well said mate!
  • #240
  • Aug 30, 2015 8:13pm Aug 30, 2015 8:13pm
No. Trading is not hard; but the after effects of trading is hard. It is like a game of chess. You have to expect what will happen and what that opposite seat is thinking and anticipate the moves of the other side and counter the moves.
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