5 Facts That Make Not Comfortable About Forex Trading

[Beginner FX]

1. It takes money to make money
You certainly CAN start trading with just a little money. And bad traders can create large accounts that can easily become small accounts.

But trade is not a hobby. This is business. And like most businesses, capital is needed to obtain a large amount of profit. Don't expect to make hundreds of dollars per week with an account of only $ 50.

2. You must be at the right time
If you are serious about developing your skills and confidence in trading, you must trade when the market gives you the greatest opportunity. For most traders, this usually means trading London and New York sessions.

3. You will often make many mistakes
Because there is not a single system that can remain profitable through ALL trading conditions, even a mechanized system that has been tested must have made a mistake. Instead of focusing on winning, focus on learning the art of "feeling" the market.

4. There is no holy grail in trading
There is no "holy grail," or an indicator, method, strategy, or system that will generate forex trading profits of 100%. The key is controlling your risk. Because you can't eliminate it, all you can do is control it with the right risk management.

5. Trade is NOT for everyone.
There are many reasons why at least 95% of new traders fail.

For one thing, TIME, EFFORTS, and much PATIENCE is needed to continue to be consistently profitable. Those who can't or don't want to give all three are likely to find themselves between 95% before this year ends.

[alina.marabar]

We never know the problems we will encounter on the road. hope we become a reliable trader.

[bigxy]

If you are ambitious in becoming a real success trader then start practicing and learn the skills which are required to make money out of forex trading market, good luck!

[earnmaster]

Timing is the main in deciding any trade. It is not prudent to jump into trades for the sake of trading only. PATIENCE is the key here. 

[anna.semera]

5 opinions that you wrote is fact. If it's all the facts, why people still choose forex?

[lal.remigiusz]

Every Trader must have experienced the name MC (margin call).

[moneyrig]

Every business has its advantages and disadvantages. If you think too much about the disadvantages, you will never achieve anything in life.

[oliver1007]

I agree with the facts that you have written.

[Namu]

Preparation in forex trading, usually do analysis first so that we will have a secure trading strategy, where the main focus is on the risks of each order chosen so that our account is more sustainable in this business.

 

[swipka8]

Thanks for these interesting tips. I am currently using bolt fx to make money online. There are a lot of different tips

how to trade

which crypto is the best

all graphics and information

All these things make me feel comfortable about trading.

[Vaabum]

The most important aspect is the reliability of work. It is for this reason that I chose a broker from ExpertOption.

[FXOpen Trader]

On 9/15/2022 at 1:23 PM, Vaabum said:

The most important aspect is the reliability of work. It is for this reason that I chose a broker from ExpertOption.

I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping