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How difficult forex trading is for you?

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  • (Discuss) How difficult forex trading is for you?

    Most forex traders seem to be short term, swing or intra-day traders looking to pick up a few pips and move on. What makes this difficult is that trying to accurately predict 30-40 pips over and over again on a consistent basis with a long term profit is something nearly impossible for most of them.

  • #2
    Sometime because still want more profit then making trader trying to open new entry again after hit target profit, and not always after open new trades then will get profit, sometime the trend already over and move on vice versa, so might better also if already hit target profit then retired and wait next day opportunity

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    • #3
      Forex Trading is only difficult for those, who just don't get enough knowledge and experience and skills, you need to develop it first and then step into Forex Trading.

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      • #4
        Originally posted by Fiddlesticks View Post
        Forex Trading is only difficult for those, who just don't get enough knowledge and experience and skills, you need to develop it first and then step into Forex Trading.
        Maybe although forex business opened for everyone but not everyone will suitable with forex trading, this is risky business and as trader although now already become expert trader I think also in their trading career also ever facing with margin call account

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        • #5
          I appreciate your effort! But to be honest, trading signal service is not proper way of trading to me, because I wanna be a successful Forex trader! In addition, that means, I need manual knowledge! This is way, I use my live trading account sincerely to learn technical as well as fundamental analysis!

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          • #6
            Originally posted by Jack Mayyor View Post
            I appreciate your effort! But to be honest, trading signal service is not proper way of trading to me, because I wanna be a successful Forex trader! In addition, that means, I need manual knowledge! This is way, I use my live trading account sincerely to learn technical as well as fundamental analysis!
            Improved self ability with learning is better than using signal provider I think, because we will get more valuable lesson during these experience, become success is need process and progress I think there are no instant success in many business, included become profesional trader is not easy like as reading theory

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            • #7
              Forex requires lots of knowledge and experience and skills in order to become a successful trader, you need to understand that without proper knowledge you cannot become successful.

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              • #8
                Control Your Emotions

                Otherwise

                They Will Control You

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                • #9
                  Originally posted by nickywatson View Post
                  Control Your Emotions

                  Otherwise

                  They Will Control You
                  Actually we can control our emotion and also control our risk in trading, but we can't control the market forex trading in my view is simple business but sometime any trader make it being complicated, we can learn simple trading analysis with support resistance and also price action

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                  • #10
                    Originally posted by blackking View Post
                    Actually we can control our emotion and also control our risk in trading, but we can't control the market forex trading in my view is simple business but sometime any trader make it being complicated, we can learn simple trading analysis with support resistance and also price action
                    The results of the market affects our emotions, so learning to control our emotions can go a long way to help us deal with the pressure of the market.

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                    • #11
                      Originally posted by Namzy View Post
                      The results of the market affects our emotions, so learning to control our emotions can go a long way to help us deal with the pressure of the market.
                      Control our emotion is important to avoid reckless in decision making or being blindly after losing, sometime might any trader facing with successive loses and if they can't control emotion properly sometime appear desired to revenge to the market and often this only causing more loses

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                      • #12
                        I better suggest trade with a proper trade management plan and once the required target is achieved, dont hassle for more. By doing this we can also control our emotions and minimize the risks associated with our investments.

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                        • #13
                          Originally posted by blackking View Post
                          Control our emotion is important to avoid reckless in decision making or being blindly after losing, sometime might any trader facing with successive loses and if they can't control emotion properly sometime appear desired to revenge to the market and often this only causing more loses
                          This can never be over rated in the market, emotion is everything. Not paying attention to them is detrimental to our trades, cuz our emotions define our actions.

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                          • #14
                            Forex is a very risky business, but if you want to become successful you need to have lots and lots of practice to become successful.

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                            • #15
                              Originally posted by Fiddlesticks View Post
                              Forex is a very risky business, but if you want to become successful you need to have lots and lots of practice to become successful.
                              Although forex is difficult, but still as trader trying to making profit from trading and indeed required practice and keep learning also, never give up to become successful trader

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