Trading Discussion Many people find forex trading difficult

Tubiform

New member
Forex trading is definitely difficult. After entering the market, the majority of traders struggle to find a way to make profits. There are no shortcuts in the market. You have to do the hard work and research and analyse the market daily to find out its market movements. This will help you predict how the market may behave tomorrow.
 

Palaeophile

New member
Forex trading is difficult and risky too. You can make it easy only by improving your knowledge and practising. Believing in everything and blindly making trades can empty your accounts.
 

Jack Reacher

Verified member
Don’t trade without stop loss trading tool! But few traders try to avoid SL in their trading, but it is not possible when the market is highly volatile. So, stop loss comes into handy in this regard.
 

Asahi

Verified member
In a binary option trading, trades are held on both sides whereas one side wins and another side loses. It is not a type of trading but a technique to take profit.
 

Zonked

New member
Well, it is good to think that forex trading is difficult. At Least it is much better than losing all your money because you entered the market thinking it's a piece of cake to make money from forex. All good things in life are filled with challenges. Just commit to learning and becoming skilled as a forex trader. Get used to doing the difficult things and it will get easier as you gain experience.
 

Wavemeter

New member
It is difficult at first, but when our understanding grows, we will find it easier than before. This is the starting point of clarity about the market. As you ascend higher and higher, your view gets clearer. Just keep your focus on trading and forex trading may seem like the easiest thing you have ever done.
 

Scrutinize

New member
When you are new to something, you tend to lack knowledge and difficulties are bound to come. So, focus on learning from your mistakes while also trying to remain consistent for better hands-on experience.
 

Satanology

New member
Is it really easy to make money on forex with ‘proper’ knowledge? As a trader, I will say no.
After completing your basic online/Youtube course, beginners think they will start making profits. But in reality they face losing streaks.
What I have learned from my experience is that, after completing the basic course, a trader must practise in a demo account for a few months to develop their strategy. Yet, there is no guarantee that every trader who demo trades before joining the live market will be profitable.

Real knowledge is experience. If a trader trades for years, being consistent with their strategy, that is how they gain proper knowledge, and are able to make consistent profits.
 

Polyglot

New member
Forex trading is easy when you just start trading without any knowledge and you think that you will start earning money quickly. Contrary to the belief, forex trading is not easy at all once you start understanding the forex market on beginning steps. You will need to search for a trading strategy that brings profit as your trading brings you losses all the time. You may spend a lot of time and still not get success. This is where you need to be emotionally strong. The volatility of the market makes it more difficult to trade. This is why proper education and knowledge is required. Make sure to risk only the amount you can afford to lose and maintain a proper risk–reward ratio.
 

Electuary

New member
Forex trading is not only difficult but also risky. The market is highly volatile, making market movement unpredictable. Forex trading is such a broad subject that it is hard for a trader to understand and memorise everything in a short amount of time. Traders must continually work hard in order to acquire trading skills and a positive trading attitude.
 

Gastrolatry

New member
Traders find it difficult to trade forex; for beginners, it is extremely difficult to trade forex because of its volatility and fast-paced environment. Such factors, combined with the mental attitudes of traders, produce overall difficulty in the forex market that a trader needs to get rid of.
 

Ludicrism

New member
Forex is certainly not an easy task to do, otherwise everyone would be making money out of it. It tests your patience and discipline. You really have to give your best in order to succeed in Forex trading.
 

FXOchartist

Active member
Yes indeed forex trading is risky, even we experienced trader maybe often hear in forex trading there are 90% trader fail and only 5% make money from forex industry. Don't know exactly these statistic is true or false but based in my experience, indeed not easy to making profit in forex market without good knowledge and fully discipline to works implemented trading strategy, combined with proper money management and strong psychology.

While in the journey keep to learning, if there are opportunity to get free money, it is not wrong if we try to catch it. Let say take part in demo contest of another free contest. I use FXOpen and in the forum community currently held new free contest with theme "Catch zeros spread on Ticktrader platform" it is free and easy contest to join with total prize $135.
 

Yugocean

Valued Contributor
Forex trading is actually difficult, and you need to understand multiple risks in order to avoid them or bear less losses, and benefit more. Recently Apple has banned MT4 and MT5 platforms, if you know, then you will understand that how forex traders of Apple are worried, but they just have to look for other options (risk increases here).
Difficult and Risky might be diffrent word, but in trade, both have a link with each other.
 
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