All right, professional traders are skilled and you can feel it seeing their trading style. You will never see them taking risks insanely and they don’t ignore simple things. They have equal priority for everything. They are free from all bad practices like over-trading, trading in volatile market in the expectation of gaining more profits.
Forex and it's up and down
- Thread starter amakaokafor
- Start date
Because the number of traders is so high in the forex market, the movements are quite normal. No two minds have the same goals and so, they will analyse the market at their levels and place trades as per that. So, instead of worrying about what the rest of the world is doing, make your own trades possible.
The rise and fall of the price of a currency (fluctuations), which is often caused by the government and central bank, international transactions, expectations and speculation as well as demand and supply factors. In forex trading, small capital can make large transactions using margin or leverage features. In forex transactions, relatively small funds can make larger transactions with margin or leverage facilities. Up and down in forex will benefit traders because of Two way profit, if the market goes up put a long position and vice versa if the market goes down use a sort position. Professional forex traders are more confident in themselves, they are also not dependent on trading software and robots and most importantly they work according to a trading plan and are full of discipline. t
cashisking149
Active member
You cannot move without considering risk management or trading psychology. It makes traders rich, and there is no denying it. But traders have to face extreme volatility, unpredictability, and whatnot. Anyone can trade in the forex market if they know how to trade using risk management.
Mary Frederick
Active member
The ups and downs are what stabilises the market environment. Hence, it is part of the sentiment, whereas all a trader can really do is try to work smarter by analysing the market and making strong but few moves. The lesser the moves, the more profit to come in. Beginners can place stop loss to avoid emptying their accounts.
Gastrolatry
New member
The forex market is highly volatile and that makes it unpredictable. The market is always moving and the prices keep fluctuating. We cannot ever stop the ups and downs but we can prepare ourselves for the upcoming challenges. Make sure you have enough knowledge and practise before entering the market.
tray59
Active member
Forex trading is full of up and down if you want to make money through the forex market dont just think that you will be facing only the profit and not experience loss.
Even the so call expert do encounter loss in the forex business so I think its your responsibility to develop a good and working strategy to trade with
Even the so call expert do encounter loss in the forex business so I think its your responsibility to develop a good and working strategy to trade with
The forex market is full of bumps, like any other field you choose to go into. There is risk involved, and it takes a lot of hard work and frustration (and persistence!) to be a great trader. However, don't get yourself down by focusing too much on the negative or the downs, use this as motivation to grab as much knowledge as possible while enjoying your profession!
The ups and downs are part of the market's nature. You need to be prepared mentally and financially to take up loss and turn it into a profit reward. The way you approach the market and how well you time your moves will take you towards success. Be patient and grasp all the knowledge and skills you need to achieve your goal.
Hylotomous
New member
It’s all about how one moves in the direction of trading in the right way. There might be obstacles along the way, but if a trader is determined and uses the right approach and right risk management, the ‘ups’ really weigh down the ‘downs’.
btaliat
VIP Contributor
Forex is one of the discussed topic online these days. This is because it is the latest ways of making money. This is the main reason why people always want to learn how it works. The good things about forex is that it is legal and open to all countries. In fact, it is the second largest market in the world. Unlike other forms of trading, especially, crypto, forex is not outlawed, regulated or even banned in all countries.
The first up of forex is that, it is easier to make it big in forex. When you know how to cut your onion in the forex market, then you should be ready to make it big. To know how to cut one's onion in forex will include how to place the right trade especially when one has done the technical and fundamental analysis.
Other one is that you are not to be ashamed of calling yourself a forex trader. There is no law that stops you from doing forex. Forex can be done in all countries without any iota of fear or being threatened as they do to most crypto traders.
One of the downs of forex however is that it is easier to lose money in it.
The first up of forex is that, it is easier to make it big in forex. When you know how to cut your onion in the forex market, then you should be ready to make it big. To know how to cut one's onion in forex will include how to place the right trade especially when one has done the technical and fundamental analysis.
Other one is that you are not to be ashamed of calling yourself a forex trader. There is no law that stops you from doing forex. Forex can be done in all countries without any iota of fear or being threatened as they do to most crypto traders.
One of the downs of forex however is that it is easier to lose money in it.
