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    Thread: Is it hard to trade on Forex?

    1. #1
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      Default Is it hard to trade on Forex?

      It all depends.

      Just imagine.
      You donít know the first thing about financial markets. Youíre standing behind a trader who is thoughtfully peering at his computer screen with flashing market quotes. You know that this person earns more than you, but moves his body far less. If he does move at all, he probably just stretches himself or sighs.
      You look and see candlestick charting. You might think: there is a price move so all I need is just buy or sell on top/bottom to make my account increase in several clicks. Itís a snap. You can't make head nor tail of what the trader is thinking over. You might even think that youíve found a pot of gold. Your eyes light with sudden hope that only you see nothing difficult in forex trading, while others just live in ignorance.
      Then the trader offers you his comfortable seat so that you are in his shoes. Now you are the person with several hundred dollars on your account (weíll not go too far imagining as this is an adequate amount). You have a small leverage and a trading platform with full functionality and an empty chart with price quotes. Also, you realize that your profit doesnít depend on how much the employer pays for the time spent in front of a computer (as you are your own employer), so this time should be efficient. Otherwise you will just waste your time. So, you start trading.
      The traderís mental condition is ambiguous at the moment of a market entry. You feel calm when youíre not in the market, but you understand that if you do nothing, you will have no money. You have a certain set of knowledge and experience and certain technical indicators or trading strategies in mind. You choose the one you like, and finally, guided by your thoughts, conclusions and opinions, enter the market.

      THE TRADE IS OPENED!

      For a fraction of an instant your very first impression will bring you mild disappointment as you will see negative figures in the active line of the trade. This is the initial loss on the spread. This feeling will vanish soon.
      Further you grasp the point that no matter what analysis you have done and how much time you have spent on it, the price will still move its own way. And whether this path fits into your plans is a matter of coincidence.
      1. Price moves to profit
      You rest easy and feel some self-satisfaction. You think that you understand the market and looking at the line with profit, you cannot wait to close the deal.
      It seems to you that the price may not reach the take-profit target. Your finger moves in indecision to click a mouse buttonÖ
      And in the end, when you close a deal with profit, you sigh with relief and recall how emotional it was. But you understand that you earned this profit quite rightly.
      2. Price moves to a loss
      You are not comfortable. First, you want to say hell with it and close the platform to come back to it after a while. And all this time you will have a faint hope for a reversal in your favor, even though you will diligently convince yourself that you are ready to close this deal at a loss.
      When you close it with a loss (or watch the last points of the price before your stop), you can experience several emotions. Anger, despair, hatred, anything, but not indifference. Losses, of course, are an integral part of trading, but you will surely remember most of your recent losing trades.

      So is it hard to trade on Forex?
      It's hard for sure. It's easier than carrying heavy bags on your back, but harder than teaching at a college, for example. And most importantly - personally for you trading will cost exactly the money that you will earn with its help. And when, being an experienced speculator, you will look back and reflect on how you have learned to earn on Forex, you will remember all your money lost. Fold the bills equal to the amount you lost - this will be the price you paid for learning. All traders have this price.


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    3. #2
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      many things that must be asked and reflected by ourselves before we continue on this forex business. But beyond that all we really as human beings are given the mind to think is very able to overcome the problems mentioned above. By creating a clear and measurable system in conducting transactions according to the personal character of each.
      We are not forecasters, and market movements can only be analyzed with an uncertainty. And to deal with all that, it is impossible to master it if we do not have a clear concept. To build a business will definitely need a system and strategy. Then recognize your efforts and make systems and strategies to solve your business problems.
      So, forex is not just selling and buying, forex is not just a chart. Forex is not just a technical and fundamental analysis, forex is also not a chancy. Forex is a business activity that has a certain character and we must be able to adjust to the character. Create a system in every step of your business as this system will lighten what will be done in the future.


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    5. #3
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      Forex is really hard business,if it is not hard then we hard successful trader all around to us but ironically we find only bad traders among us.Actually every business has system and without following good system we cannot get benefits.So,after trading long time the good traders also face loss in this business,this proves that Forex is an uncertain business where there is no sure profit.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.


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    7. #4
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      it is easy to trade in Forex but it is hard to make profits from Forex business because the trading just need hard work and good learning at the demo account and the real account t get the experience and the knowledge from these two accounts then youwill be ready for the trading in Forex without any problem .

      But after you finish your learning on demo account and real account and after you become ready for the trading you may not be able to make profits from The Forex so the trading is easy but making profits is the hard thing in this business and it need :

      - more and more practicing on the real account to increase your experience and knowledge and to get good skills about the trading .
      - it needs control on our emotions and greed and this is the hard part in Forex .
      - it needs from you to make your own strategy that can be suitable with your trading way .

      So the starting the trading in Forex is very easy and it just need some time to learn how to trade in Forex but the hard thing is making profits because it need good skills from you to success in your trading .


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      No one should expect forex trading to be an easy affair, but there are lots of money to be made when you know how to go about it. But then, you wouldn't think that it will be so rewarding if every Tom, Dick, and Harry, simply opens a forex trading account and starts trading like a pro.

      In a way, it is a good thing that forex trading is hard to some extent, in fact it is hard by design, Every lucrative venture is not always easy. But the good thing about forex trading is that you can decide to become one of the best traders by sheer dint of hard work, as long as you are reasonably intelligent.

      When you join the league of the best traders, needless to say that the sky will be your limit. You will have the ability to earn the income that will enable you to live the way you have always dreamed about.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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    11. #6
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      Trading in the forex market is not expected to be easy because nothing is simple in this life, I usually laugh when I see forex traders who are newbies trying to earn millions within a day because they think that trading is all about clicking buy or sell and then wait for the outcome which is expected to be positive and favourable, however, the reality is that this business will always be difficult, the reason is that psychology which plays the most important aspect of it is not taken seriously by a large majority, as long as this continues to be so, we will always have a conflict of interest regarding what we think is the best way to approach trading. Trading is hard indeed, nobody should expect anything different except it does not have to do with this business.


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    13. #7
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      Forex trading is still the hardest thing I have ever done since working for an office job and getting into sports because it deals more on psychology that can't easily be trained. The success rate in forex trading is around 5% which is very low compared to becoming a doctor, lawyer or an engineer that's why most trader quit during the early stage. Becoming a successful professional trader is like gambling your fate against the forex market to see if you can win or not. I heard that there are traders that have been trading for more than a decade and yet they still struggle to be successful. There's no doubt that this is one of the hardest profession in the world.


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      They say that the hardest job in the whole world is thinking and that is why very few people get involved in it, many are interested in something that has already been achieved or prepared hence there is the craze for fast food, you cannot think about forex with a fast food mindset, if we want to survive this strange business, we must take it to heart that hard work is the only way out.

      Forex is as hard as anything we can imagine in this life but that does not in any way make it impossible to be consistent with profitable trades, if you learn and practice well before you eventually put in your hard earned money, it will be easier for you but in the situation where the opposite is done, that would just change everything.


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      The answer to this question is obviously yes, it is very hard to trade and become successful professionally. The truth is that every thing lies in the hand of the traders, whether we can make ti's business easier or even hard is a function of the attitude we place toward the market.

      There won't be a time I believe forex will become easier to trade, the reason I say this is that new patterns keeps developing daily, a trader who uses price action knows that trading a pin bar does not have any special rules because it can happen at any location. Forex can be simplified but what will make that difference is what you have personally done to prevent some mistakes that were made before now.


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      It is very hard to trade in the forex business because it is purely a mental business which involves a lot of brain work, if there is any task that majority if people would want to avoid at all costs, it is anything that makes them strain their brains to think hardly about something, that is also why it is easier for people to consider going into copy trading or trying to use the strategy of other people.

      Another reason that makes trading hard is that people are generally not discipline to do the right thing, someone that believes in using the holy grail should be ready for the disappointment of his life because he will never find anything of such, but we can make the market simpler through our hard work and dedication which is essential for success.


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