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    Thread: Is it hard to trade on Forex?

    1. #21
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      Forex is a technical business if trader will get deeply interest on this business and learn all the basic and use different techniques or methods for getting maximum profit, forex need long term trading practice and experience every currency pair have their own style of movement weekly or daily we can spend time in demo account and see which time is best after released news or evening time according to your country standard time. more spending time will clear our mind then enter a long term trade is easy and also we can used basic tools in saving our investment on forex business.


    2. #22
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      Forex trading is more of a mixture of both, it can be difficult In some area and easy In some.
      To trade forex is not that difficult and sometimes its even easy to make profit, but making consistent profit is where 80 percent of traders are having problems with.

      For total stranger to the financial market, the market chart will even look meaningless until they get food understanding of it.

      Technically forex trading maybe a bit difficult to understand most especially when it comes to analysis, which have to do with the use of those indicators.
      But if we learn we will understand how everything works, and there are several ways we can follow to learn, the best way is to learn from the professionals, self learning i.e ebooks, online learning etc


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    4. #23
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      Yes in forex business trading is so much hard and risky. Because here we need to trade with real money. we can just predict the market. From our prediction we open our trade. If our trade goes to loss then we can loss our real money. on the other hand to identify the market is so much tough for a trader specially new trader. we have to give notice various things in forex when we open trade. For this reason many people are not interested to trade on forex. when new comer join in forex from them only 5 % can survive in forex. so u can imagine how much hard business the forex trade. But after trading more and survive here one day trader can get very good return from this business. We also need to mind which business is so much hard that business will provide more money .


    5. #24
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      Actually Forex trading is that really a difficult and very hard business, no one can get access here easily, because that Forex needed a lot of time to keeping that work properly and then we can little accesses take from the Forex business, and Forex is surely demanding a lot of time if we success to spend our time on Forex trading business and after that i will sure of it that we will never lost our experience for the Forex trading business.

      Because the Forex is hard business so we must be needed more knowledge for good tradings and then we can earn more money, but after learning many things and getting knowledge and experience we open a trade but our trade goes to loss which indicates that "To err is human". Loss remains in every business but we have to trade carefully and find out the best result from our trading.


    6. #25
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      Forex trading is a real difficult business to engage into but if you want to trade in forex business you have to follow some technique as to make good money in forex trading and have enough experience as not to loss more than what he put into the forex trading business. you must be discipline as to control you greediness in term of risk too much as to make enough of profit and to have a good knowledge of forex trading you have to train on demo forex account for some time as to be sure that you have good enough to trade on real forex trading platform as not to just waste the money in your account.


    7. #26
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      For sure, it is indeed hard to trade forex profitably. Trading the forex markets as a hobby is different from trading it as a business. When one trades forex as a business enterprise, one is under intense pressure to perform. In such situations, the forex trading business might be the only source of income for the family. Strategies that look good when trading the forex markets as a hobby suddenly look outright bad when trading professionally. A professional trader has to earn a living; he has to make money, else he will likely starve. Therefore he must be successful. No excuse is good enough because the survival of the family may well depend on the performance of the professional trader.

      Trading for a living throws up a lot of challenges for the professional trader - some are technical in nature, others are psychological in nature. However, like the Captain who is stranded at sea, the professional trader must survive or perish. Forex trading may well be the toughest profession out there because it combines several different skills, attitudes, standards of behaviour and guidelines.


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    9. #27
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      Several Factors come together to make the Forex Market to be very difficult, sometimes it is even the Forex traders that makes things complicated for themselves, if we have put all things in their proper place and do what is right, we would see that Forex trading is not as difficult as we have understood it before now.

      Why It Is So Hard To Trade in Forex Market:
      1. Impatience: Forex trading cannot be done when we are always impatience with our trading decision, sometimes we believe that trading should always obey our analysis when we are right or wrong, being impatience can kill your zeal for earnings and cause many negative things to happen as well.
      2. Greed and Unsatisfactory Appetite For Profit: Greed had not allowed many Forex Traders to realise the true potential of this market, if you don't have a satisfactory profit target that is reasonably okay, you will always want to trade even when you are done for the day.
      3. Trading Without A Good Strategy: One of the secret of success is using a strategy to trade, many traders don't understand why this is important, they pick just anything they see from the Internet and trade with them, this can lead to instant margin call and regret.
      4. When Learning is Downplayed: It will definitely be hard to earn and be profitable in the Forex Market when the issue of learning is not taken seriously, this is the reason more people have faced losses than they should ordinarily. It is quite sad that this happens often.
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    11. #28
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      Forex is very difficult, I don't believe anyone that tries to convince you otherwise, here is the thing, when you do an Internet search about how to be a profitable forex trader, there are hundreds of free websites that will come up for you to learn about trading, and in the middle what, you are going to find the people that will promote their indicators as the holy grail which is not capable of making any losses whatsoever. Here is what I based my opinion on that forex is difficult as opposed to what other people might say.
      1. Only 5% Are Winners: does this this not tell you that forex is a very difficult business, how can just five percent of people be winning in the forex market, anybody that wants to have this kind of earning business should be prepared for hard work or finding himself or herself in the losers squad.
      2. 95% Are Always Losing: If we look at the statistics of the market losers, we will be convinced that trading is very difficult, you should never enter this market until you are well prepared and understand the difference between when we are doing the right thing and the wrong one.
      3. Indiscipline Is Always Present: Forex can make you very profitable but when there is lack of discipline in your path, just forget about anything about trading because you will be very disappointed at the end of the day.
      4. Impatience is a Clear Sign: Forex can be said to be very difficult because people tend to be impatience, the way forex is, you cannot wait for the market to produce a good signal before you trade, this can be a damage to your account.
      5. Greed: The difficulties being experienced in the forex business can also be caused by greedy, when you have account that is small but yet you believe in earning very high profits, this can Result in serious losses.


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    13. #29
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      This is quite very controversial. Forex trading in the actual sense has its requirements if well met then the question is going to be very easy to answer.
      One needs to have a thorough understanding and the application of technical analysis, fundamental analysis and the psychology of trading. With these one expected to develop a personal working strategy that can stand the test of time. This should be done with a demo account and after a consistent profits of about six months the he can start trading live account
      If the practice had been done to the extent that the trading becomes ones second nature then trading may appear to be a very easy thing otherwise it would be very hard to trade


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    16. #30
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      Is it hard to trade on Forex? My answer to this question is yes .An overview of Forex market as it affect traders reveals that that trading profitably in the market is not always rosy .In fact ,majority of traders are not riding the market ,they are chasing the market .This is the reason why reasonable percentage of traders are recording losses .The market itself is the issue ,being very volatile and highly unpredictable .The best strategy and detailed analysis may be faulted when market sprung into action which may be triggered by news or other extraneous factors . Once in a while ,there are times when the market may favor traders resulting in profit ,but the next day ,things may turn sour for traders resulting in losses .This is why traders should not underestimate the market any day by employing risk management tools .Even the Pros in this field will not accept that trading Forex is easy .


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