tradingmarket Posted July 22, 2012 Share Posted July 22, 2012 For many people, forex trading is a new way of making money. Some think that it is too hard to make money there. Others think that it is a full scam. There is also a group of people who think that trading is a peace of cake so they put their hard earned money on a trade and lose everything. Actually, successful trading is a completely different kind of a process. It is not hard to make money by trading. Moreover, it is not a scam. Novice traders should understand that no one in the entire world don’t know what will happen next on the financial markets. Thereby, it is wrong to put all the money on a single trade. The result of this action would be the same as betting on Red or Black on the roulette wheel. Look at trading as a process very similar to investing. The potential profits that could be made by trading and investing are pretty much the same. They are measured in percentage of the initial capital that a trader is capable to make during a year. Traders are short-term investors. The main difference lies in the increased number of trades that short-term traders open in relation to investors. Trading is hard to call a business. It is more like investing. The amount of efforts put into trading won’t make a trader richer. What is more important is the amount of money a trader can put into trade to make more money. It is all about profits in percentages. Average traders can double the trading account once in a year. Rarely someone manages to make more than that. Thereby, if a trader has 10.000$ in the initial capital then his goal would be to make another 10.000$. Moreover, he should not even think of making 100.000$. It would only be possible if trading is done with inappropriate money management and a very high risk of losing everything. For example, a trader can make 100.000$ with risk 1:10 to lose all of his 10.000$. However, by trading the right way, without a risk of being burned, it is impossible to make 1000% during a year. Of course, a trading strategy is also important. If a backtest of a strategy shows less than 100% in a year then it is necessary to keep looking for a better trading system. In fact, there are a plenty of different edges to choose from. Each strategy has its pros and cons and traders should choose which of them to use in their trading. It is very similar to choosing individual stocks into investors’ portfolio. Once a strategy is chosen, it is very important to follow it without any changes to it for a substantial amount of time. That is where trading becomes a boring process but eventually it brings very good profits. Most excitements traders should feel while researching the market and not while trading it. Trading is just executing signals that have a positive chance of winning. The accuracy of these signals’ execution together with a proper money management is the key for successful trading. Traders should avoid emotions while trading and keep trading even when strategy shows drawdowns. It is very important to stick to the chosen strategies. Every strategy has its good days and bad days. If a trader decides to change the strategy in a middle of a drawdown then most likely his new strategy won’t work while the old one could get out of scrapes. To make money by trading forex it is essential to have a plan. First of all, traders should realize how much they can make and what drawdowns could happen to them while they trade. It is necessary to understand before beginning to trade on the forex market so that to avoid stressful situations together with complete frustration. Secondly, it is necessary to choose strategies. It can be just one or several strategies. In a case with multiple strategies, all of them should be traded separately in order to not get tangled with them. Finally, traders should have proper money management. Every trade can easily be lost. Thereby, traders should put 1% or even less of their trading capital into each trade. Higher risks are unacceptable and should be avoided. In the end, forex trading isn’t that complicated. It is people who complicate it more than it really is. Actually, simple trading strategies perform very well and often even better than complex ones. There is no need to be a trading guru to make money on forex. Trading is just following the rules that worked in past. That is why, everyone can benefit from trading forex. However, it is not a getting rich quick scheme. To learn more about particular trading strategies please visit Trading Market Online website. There you will find everything you need to make your own profitable forex trading system. http://www.tradingmarketonline.com Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted March 7, 2013 Share Posted March 7, 2013 Forex trading is the buying and selling of currencies. A Forex trader tries to achieve profits by predicting the future trend of a currency pair. In Forex trading we can make money both ways either if the price goes up or down. Quote Link to comment Share on other sites More sharing options...
mesbakh Posted March 19, 2013 Share Posted March 19, 2013 i think forex is about controlling ourself, not be greedy, war, stratgey, and of course much money Quote Link to comment Share on other sites More sharing options...
shoaybkhan Posted July 29, 2013 Share Posted July 29, 2013 While learning a lot about market analysis and money management is an obvious and necessary step to be a successful Forex trader, you also need to master your emotions to keep your trading performance under strict control of mind and intuition. Controlling your emotions in Forex trading is often a balancing between greed and cautiousness. Quote Link to comment Share on other sites More sharing options...
euro Posted October 4, 2013 Share Posted October 4, 2013 That would be right, we should not put all of your eggs in one basket. Putting it all in one basket will make it hard for you to have anything left for any other trade. Why would anyone do that? If you risk it all, you might lose it all so use a little here and there for all different types of trades. In trading, we must learn to manage our money and tuck away some profit so we at least will have some profit saved up. We should be able to reduce our risk with low or modest capital and leverage. Its possible to make money in forex but it comes with knowledge and experiences. Quote Link to comment Share on other sites More sharing options...
surya77 Posted February 8, 2014 Share Posted February 8, 2014 forex trading is currency tading, we can get more benfit from this forex trading.. becasue forex is a one biggest capital marekt in the world over $4 Trillion market cap. so is very amazing. Quote Link to comment Share on other sites More sharing options...
Decub Posted March 9, 2014 Share Posted March 9, 2014 Forex is all about trading in different Foreign currencies. It is a business that involves buying low and selling high just like any other business. However, it is not like every other in the sense that there are quite a lot of factors that determine the success of this and which influence the amount of profit or loss the trader makes here. It could quite be a bag of losses as well as a way the trader can make some profit too. Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted April 8, 2014 Share Posted April 8, 2014 When Studying quite a bit about marketplace position Evaluation and income administration is definitely an obvious and essential phase for staying A successful Forex trader, you also actually need to master your ideas to maintain the buying and selling features beneath stringent Cost of head and instinct. Quote Link to comment Share on other sites More sharing options...
sasuyas0ri Posted June 25, 2014 Share Posted June 25, 2014 Trading forex is just like getting fight in the war through graphic table on your monitor. You should be able to control and manage your emotion, anger and your money. Even if you get win, you have to be able control your winning. Don't be greedy is the right thing like @mesbakh said. All you have to reach is win by learning the market, and controlling all I've mentioned above. That is my opinion. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 18, 2014 Share Posted November 18, 2014 Forex trading is all about trading or exchanging one currency to the other, the one who want to make profit called traders or speculator to be specific. It is mainly treated as business for someone who take forex as their own main business such as retail traders. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 21, 2015 Share Posted June 21, 2015 All of you already know that it is all about earning money, well that is mainly true we are using margin to trade and buy or sell after that hoping the price is keep going on to the place that we are really want it to be. Forex is all about buying one currency at lower price and selling it at higher price or selling at high price and later buy at lower price. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 16, 2015 Share Posted July 16, 2015 Selling High BUYING so low, the core principle that forex has(not only forex but also other speculation based business such as Stock or Futures) and the main thing we should look upon. But know the time when the price is high and low is quite tricky, we use analyzation there by employ strategy and indicator. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 10, 2015 Share Posted September 10, 2015 Make profit from sell and buy a currency, right? I think people always make a fuss about this issue but in fact this is just simple, if we want to say. Only the complex thing is how to make our prediction true later since this is different discussion i think it's wise not to talk about it here. Quote Link to comment Share on other sites More sharing options...
myregister Posted October 24, 2015 Share Posted October 24, 2015 Foreign Exchange trading is all about speculation, we make profit from selling high buy low that is the concept that also applied on Futures. While it is all about speculation we cannot make profit easily i mean there must be an analysis first to decide or predict the trend. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted January 26, 2022 Share Posted January 26, 2022 Frankly, the question is somewhat strange. A trader must understand in advance what trading is and how to trade correctly. Quote Link to comment Share on other sites More sharing options...
bigxy Posted February 22, 2022 Share Posted February 22, 2022 This actually comes with spending some time with the trading market. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 13, 2022 Share Posted March 13, 2022 Trading is a good way to make money. I think that with sufficient training and the right approach, you can get a very good result. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted March 15, 2022 Share Posted March 15, 2022 It's about currency and asset prices predictions as well as picking correct time and risk (i.e. right lot size) to achieve best risk-reward per trade and in total. Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 15, 2022 Share Posted March 15, 2022 Waiting for the right trade setups to form and then getting confirmation using indicators like EMA, checking the support / resistance etc and then getting into the trade to earn money otherwise if we trade against the market we can lose money. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted April 17, 2022 Share Posted April 17, 2022 Most often, people see trading as earnings. Although in general - this is a rather difficult process of work that requires considerable effort. Quote Link to comment Share on other sites More sharing options...
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