Many people try to do business however forex traders attempt to make a profit, but they are always at a loss. What do you think?
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Many people try to do business however forex traders attempt to make a profit, but they are always at a loss. What do you think?
I think Forex is difficult but not impossible because if you have great level of knowledge then you never loose your money here and you can make good money.
Well most people failed to make profit because of several reason. First most people who join forex think forex trading is an easy business so they become lazy and not seriously treat forex trading as a serious business. Second most people failed in this business because they lack of forex trading knowledge and skill so they trade blindly without using proper trading system and proper money management so in the end most people will lose money in this business and only a few can survive and become a successful trader.
I agree with you. Although it's difficult but as long as we want to try and effort, we will get success here. We must learn first before we trade in forex. Try to maximize demo account to understand about the characteristics of markets. I'm sure, if we can maximize demo account as well as possible, it will be easier than we don't use demo account.Quote:
Originally Posted by raybenz1983
with the demo account so forex is not as difficult as we thought, therefore we need to use a demo account so well that we will improve trading skills. and we can get the maximum results when trading if we using demo account with either
No, I think we shouldn’t have negative mindset, I do agree that Forex is slightly harder work and a lot of effort goes into it in order to gain, but still it’s not possible or too difficult, if we are passionate and confident than I am sure we can do it well.
forex is a very difficult business and therefore we need to have a lot of good trading skills, with increased trading skills that will help us to improve trading results. By using the demo account then we can improve the skills of well
If you think Forex is impossible for you, better try considering Binary options platform. Been using CTOption for hedging purposes, they have higher payouts on some assets than other brokers (85% comparing to 75-80% with other BO brokers). Made around 8 withdrawals from them, no issues so far. https://ctoption.com/
Forex is not impossible at all, we just need to make sure we believe in our ability, it’s important that we see experts and tell our self, if he can do it, so can I and once we have such mindset, we will definitely do well.
Well a great many people neglected to make benefit due to a few reason. To start with a great many people who join forex think forex exchanging is a simple business so they get to be sluggish and not genuinely regard forex exchanging as a genuine business. Second the vast majority fizzled in this business since they absence of forex exchanging learning and ability so they exchange indiscriminately without utilizing appropriate exchanging framework and legitimate cash administration so at last a great many people will lose cash in this business and just a couple can survive and turn into an effective broker.
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Forex trading is a difficult business for one who never willing himself to learn more. It requires learning with with periods of time.Quote:
Originally Posted by Shawn100
forex trading is the best way to earn some money, because you dont need to go out from ur home. you just need to spend your time and your money and make sure your knowledge about forex trading, learn about the technique and analysis and you can make some profit from forex trading.
The most important thing is to spend or invest your time on learning forex trading. Learn how to trade well and in couple months you will.Quote:
Originally Posted by Uncle Gober
Forex is neither impossible or difficult, it’s all about how we make it, if we trade with proper way and mindset then we will gain better and make more profits, so we just got to make sure we stay positive and ever back down from hard work. I trade with TradeWiseFX broker where things are made relatively easier through tidy spreads, high leverage and all that.
The more we gain experiences from trading itself, the more we can be lot more better from our own evaluation that based on our experiences.Quote:
Originally Posted by Frank Hayes
We need to be positive, it might be difficult, but definitely not impossible and we need to understand that nothing is impossible in the world if we are determined for it, so that’s why we should never think negative or give up, we should always be passionate and positive.
difficulty in learning will always facing us, but do not make it esbgai we obstacles in trading, it is precisely that we must make as a way to keep fightingQuote:
Originally Posted by Clark Kent
And we have to dedicate ourselves in order to learn more about forex trading and make some good profits.Quote:
Originally Posted by cheet0z321
Try to learn more, make evaluation to find our mistake and fix it. We also can try to use demo account first to start trading in forex. In Freshforex, trader also can use demo account to start trading and learn more about forex tradingQuote:
Originally Posted by gaban
Because on demo account, it has no risks and we can simulate many trading conditions and match it to our trading system.Quote:
Originally Posted by alexanalitiks
No way, Forex is the Market with great potential, just trade with education and chose a good broker like FBS Markets for success in the market.
But you need to invest your time first before making some money, learn first with practice in demo account.Quote:
Originally Posted by Rahul247
Yeah I completely agree with that, you need to first start with demo, I started first with demo account at FBS and now trading in live account.
It’s completely about how we feel for things, if we think it’s impossible or difficult then even easiest thing would turn into that, but if we take it seriously and consider it as possible then we will automatically see it becoming easier, so it’s all about that only. We should never ever try to think negative instead being positive is the way to go and will open doors to many things. Right now, I am trading with OctaFX broker which just gives me more positive energy which is to do with marvelous conditions that’s counted with small spreads, zero balance protection, rebates, bonuses and much more, it’s all very cool and helps with working, so that’s why I find it so good.
Trading with minimal capital I think the main purpose is better to train a psychological condition, if you already have a good psychological condition should the future use of trading capital that is more in line with our needs based trading strategy that we use.
Agree, it's including our mental on our trading activity. Dare to take the risks of our own decision of our own money.Quote:
Originally Posted by Uncle Gober
in forex trading is not easy, we have to control the emotions and passions, so the trades are not stuck in a continuous loss, with good risk management we can be more comfortable in forex trading.
Most people have failed in forex market because of no knowledge about forex. In spite of that there are so many reasons to fail in the forex market. Some of them are Emotionally trading in the forex market, greediness, lack of knowledge, choosing wrong decisions, choosing wrong broker etc. Most of the traders fail in forex market because of choosing wrong broker. Brokers play an important role in successful trading. I am trading with Tpglobalfx. They help me to make profit consistently by giving low spreads and high leverage. I love their trading strategy and all facilities they are given.
broker selection must be able to be considered properly, this is needed and needed so that traders can become better and get more leverage in getting the security and comfort of trading like what I get from Tickmill.
New forex traders that excessive analysis leads to losses rather than profits. However, one of the causes of over-analysis is many external influences. Financial events, industry news, different comments from market analysts, educational tools and literature on online forex trading can lead to over-analyzing the market, and in turn some of the factors that can place traders in a mess.
the ability to manage the existing one must be able to be considered well, this is needed and needed so that traders can become better and can be more leverage in carrying out existing trading activities well.
Forex trading is not a game. It has so much risk. Every trader should learn the basic knowledge about forex before entering into the market. Lack of knowledge can put them into the big problem. knowledge about forex can be learned by many ways. But the best way of learning forex is to open a demo account. This can help him to get knowledge, by which he can at least make profit slowly. When I was new in this market, I gathered knowledge by opening a demo account in Forex4you. It helps me to know about forex, about trading. I also know what is good for me and what is not. I am still trading with them. They are really helpful.
the existing funds and risks must be able to be managed properly, this is needed and needed so that traders can become better and be more leverage in generating profits in accordance with expectations and can become a trader of the month Tickmill.