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Is trading really that hard?

  • #241
  • Aug 30, 2015 9:40pm Aug 30, 2015 9:40pm
Trading can be as easy or as hard as you make it to be. Successful trading should be effortless.

Allow me to recommend a simple IQ and vision test if you want to see how suited you are for the game:
http://www.tischendorf.com/2010/04/0...n-and-iq-test/
  • #242
  • Sep 2, 2015 5:38am Sep 2, 2015 5:38am
Well, it's not a secret for anyone that trading is really that hard. It shall take not days and even not months, but years to perform successfully. Those, let's just say, not very clever people who come to forex to get rich in a couple of nights all in all are left with nothing and quite rapidly. It always happens to new traders that on a definite stage there is a great wish to give up. One of the biggest understandings that motivated me is being aware that studying never ends in forex.
  • #243
  • Sep 2, 2015 11:49pm Sep 2, 2015 11:49pm
The simple truth is that trading is that hard indeed. At least, it is so on some beginning stages. At the same time, that truth is far not always understood by newbies so that they start on with huge enthusiasm to earn fast and end up with empty wallet and great dissapointment.
  • #244
  • Sep 3, 2015 3:27am Sep 3, 2015 3:27am
This thread seems to be popular right now so I'll pitch in. I've said all this before. Trading is not hard work. Learning how the markets behave takes a long time and application and effort. All the resources you need are on the internet and they are free.

Trading with "scared" money is almost impossible. In other words, don't trade when you can't afford to lose, because you will lose.

In the same way, if you win, let your trades run and only take profit if you are in a position where, given the choice, you would try for a similar trade in the opposite direction. Also, if you win, by all means be pleased but don't get all cocky and think it is going to happen again. Keep risks low so you don't destroy your account. As your account grows be aware that the market can destroy you and keep risks low. Some of the best and biggest hedge funds have failed. Here's a link to a thread where I tried to impart some of my better ideas: What should you be doing?
Gone to a better place
  • #245
  • Sep 4, 2015 12:18am Sep 4, 2015 12:18am
Hello, smikester.

Thank you for your comment. It is a useful information, but I suppose it might need a little amendment. I can hardly believe that it is really so much easy. As for me, it requires hard working on oneself and learning on mistakes. Maybe there are just some people that get all things about forex intuitively and they've got some natural special feature that allows to learn rapidly. As for me personally, I find it complicated not only to sort new knowledge, but also to implement it. But anyway, your comment is useful for me and I will try to think about it and use it in my strategy.
  • #246
  • Oct 29, 2015 10:49pm Oct 29, 2015 10:49pm
I've read the two first post about your struggle in learning forex. Man, keep it up! Don't stop learning. Because good trader is the one who never stop learning. For me, it's really simple to learn how to trade and to execute it, but it's a hard thing to master how to make a profitable trade, train Money Management. Also, it comes to me very irritating when I have to struggling around with trading psychology (ego and emotion control) in live account (good thing I just made a small capital live account, but it hurts the same)...

A good trader never stop learning.
  • #247
  • Oct 30, 2015 5:00am Oct 30, 2015 5:00am
I have been trading from two years and having my own strategy,my own Rules.

I started leaning forex in my college days and what happen next,I dropout from studies and make forex is my carrier.

I never think that moment will occur but look how it turned out.
  • #248
  • Dec 14, 2015 7:59am Dec 14, 2015 7:59am
I think trading can be all things to all people. Put another way it can be whatever you choose it to be consciously or unconsciously. Each of our journey in this endeavour is ours alone & on average is long & most find hard (including me). Look for answers within, get to know the real you.
  • #249
  • Dec 14, 2015 8:37am Dec 14, 2015 8:37am
If you're still in fear of losing in this business, it would be likely hard for you. Face your own fear, understand the risk you're taking, learn how to manage your funds well.
  • #250
  • Dec 14, 2015 8:51am Dec 14, 2015 8:51am
Any job is hard, as it requires a period of learning. In that regard trading is no different, the hard part comes from the consequences of your mistakes.
  • #251
  • Dec 15, 2015 9:22pm Dec 15, 2015 9:22pm
the hardest thing at doing forex trading is how u can make sure ur profit. because whenever trade face lose that will make their mentality down and can think clearly about their next forex trading.
  • #252
  • Jan 29, 2016 5:52am Jan 29, 2016 5:52am
Trading isnt hard if you know what are you doing...
  • #253
  • Jan 29, 2016 7:29am Jan 29, 2016 7:29am
In any sphere you have to work hard to be successful. so yeah, trading is hard for newbies, who have just started it and want to reach huge profits. But for experienced traders trading is just as usual job.
  • #254
  • Jan 30, 2016 9:31pm Jan 30, 2016 9:31pm
Quoting Forexnuts
Yes, trading effectively is not easy contrary to what those sleazy sales pages put out..it takes a lot of effort but once you have a good idea on what to watch out for, place orders at the right time, trade profitably ..things should ease up a tad.. Bottom line, converting all that info to knowledge takes a while but any beginner, with effort and research should get there.
My guess is , most of those pages do that to encourage new traders who are very new to Forex, its a catching bait to make them ease up bit since it always easy learning the basics. The real work starts when you start applying what you've learnt,it takes time dedication and real hard work to make good profits .
  • #255
  • Nov 30, 2016 6:05am Nov 30, 2016 6:05am
Quoting Sarah121
{quote} My guess is , most of those pages do that to encourage new traders who are very new to Forex, its a catching bait to make them ease up bit since it always easy learning the basics. The real work starts when you start applying what you've learnt,it takes time dedication and real hard work to make good profits .
in trading forex trading for beginners we should be able to take advantage of a demo account, to be successful in forex trading with hard work and also have patience in us that the way to do business with the right forex and finally can get the advantage
  • #256
  • Nov 30, 2016 6:38am Nov 30, 2016 6:38am
Trading on demo is everything!!!! No point risking hard earned cash if you can't make profit on a demo. I have been trading demo for months and am happy to do so. When the time is right I will start with real cash and even then I will use a tiny stake size. The longer you stay in the game the greater the chances you'll win in the end
  • #257
  • Nov 30, 2016 9:14pm Nov 30, 2016 9:14pm
Trading is hard but we can make it easy by learning and practicing. Many people says that trading hard and no one can easily work with it. I think proper knowledge and skills can make anything easy, it depends on you how you take it.
  • #258
  • Dec 1, 2016 5:37am Dec 1, 2016 5:37am
I think that trading remains a hard thing to do regardless of how much knowledge and skills one has. Those two things, however, together with experience, can definitely make it less stressful.
  • #259
  • Dec 1, 2016 2:59pm Dec 1, 2016 2:59pm
Quoting jen101
As a doctor, you wouldn't simply prescribe on seeing a set of symptoms. You know how the body works and you look for the cause. When you look at a chart, any chart, you are seeing a set of symptoms. You don't need to worry about the detail; divergences, price action etc etc. They are only tools and you pick and choose what you want to use and when. There's no point having a pristine set of instruments to do brain surgery when you haven't a clue how the body works. You can start by learning about the global economy. Then all the detail will come...
I agree with your statement. I have been studying the markets for about 2 months. How would you suggest studying the global economy to best benefit me trading forex?
thanks
  • #260
  • Dec 1, 2016 8:39pm Dec 1, 2016 8:39pm
i think that manual trading this vey hard! and best this Ea trading! but find good ea this hard too (((
Forex is my life!
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