Thread: Do you still think forex is risky after you learn how to trade?

Originally Posted by Ray Ramalho

Yeah risk has really reduced after learning properly, but Forex as we know is very much unpredictable and that’s why we got to be careful with things, it is seriously risky that we get over-confident since that way we will only end up at losing end, so that’s why we got to be seriously careful with things and focus on improving the outcome. I get so much help with OctaFX broker since they have excellent features which include low spread at just 0.2 pips, high leverage up to 1.500 while there is also super smooth trading platform as well, so all these stuff work very well and help me out with trading without much of trouble and that gets me into profit making easily.

By learning forex from it's foundation we have first step for apply risk management, after that certainly we should know what is forex and how it works, without understanding the basic of trading we couldn't set the next step for our trading future, and finally the activities of our account it will determines how do our next steps.

Forex risk is very high so it is natural for us to experience a loss in trading forex is, therefore, we must continue to learn and practice trading. and if we do not want to get a great loss then we need to use SL when trading so that we will survive in forex

You are right Cheetoz, I think step by step guide is always better because we are able to understand things better, but when we go from in between guides then it creates unnecessary problems. I also believe that right execution is also the key, if we are able to apply our plans correctly then we can make merry from this great business, but if we are not good at applying things then we could have struggle. I work with OctaFX broker and with them, I always get great benefits through their demo contest like Southampton Supreme, it is weekly based with just 90 minutes duration yet the prizes are unlimited which really makes thing better for us especially the newbies.

Originally Posted by Ray Ramalho

You are right Cheetoz, I think step by step guide is always better because we are able to understand things better, but when we go from in between guides then it creates unnecessary problems. I also believe that right execution is also the key, if we are able to apply our plans correctly then we can make merry from this great business, but if we are not good at applying things then we could have struggle. I work with OctaFX broker and with them, I always get great benefits through their demo contest like Southampton Supreme, it is weekly based with just 90 minutes duration yet the prizes are unlimited which really makes thing better for us especially the newbies.

of course, we as a trader should be able to read the market direction, so it will be the key to open the door of our advantage, of course someone has a way to do that but basically will be the same, of course, we will be able to read it if we already have trading experience

Everything is risky. Not only Forex, but stock, future, option, even fixed deposit have risk if the bank go bankrupt.

yes, it can not be denied if forex is a business that has a high risk, although we have a lot to learn but we have to keep a lot to learn and practice trading so well that would allow us to trade with the maximum, because the forex risk will always exist.

Originally Posted by gaban

yes, it can not be denied if forex is a business that has a high risk, although we have a lot to learn but we have to keep a lot to learn and practice trading so well that would allow us to trade with the maximum, because the forex risk will always exist.

understanding that forex is very risky indeed be instilled when we'll start trading it aims to train ourselves to be trading with more caution, and certainly forex besides it also is able to give a huge advantage

Originally Posted by cheet0z321

understanding that forex is very risky indeed be instilled when we'll start trading it aims to train ourselves to be trading with more caution, and certainly forex besides it also is able to give a huge advantage

yes, to get the maximum trading results then we need to understand forex properly, so that we will be able to be able to trade with caution. And have MM and RM are both indispensable in this forex trading

Originally Posted by gaban

yes, to get the maximum trading results then we need to understand forex properly, so that we will be able to be able to trade with caution. And have MM and RM are both indispensable in this forex trading

To become a successful trader, we should understand how to trade properly by first learning about the indicators, money management and psychology. study the characteristics of the indicators that will be used is important

Originally Posted by Uncle Gober

To become a successful trader, we should understand how to trade properly by first learning about the indicators, money management and psychology. study the characteristics of the indicators that will be used is important

authorized capital is an understanding that we had when first learning forex after that of course it was not quite up there alone, but must be our practice in forex trading so we can learn more from what we do, the experience is also needed to become a great trader