Is forex easy way to make money. - page 3
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of course it is not easy unles you are lucky. Otherwise it involves some research and training...
No I dont think so that forex is not easy way to earn money because forex need lot of experience and trader need to be updated by forex news and market trends all the time.
Forex is a much easier way to loose money : traders going into trading after testing an indicator or two, doing demo trading with amounts that do not reflect what will their real account be (and thus missing the risk part), thinking that after a couple of weeks they are already prepared to trade, and a lot more common errors don by people that underestimate the risk of trading. It seems that when they are told that 95% fail, everybody thinks "I am in the 5%". What are the odds for that? And what are the odds that someone will be on the loosing side?
Funnily enough was thinking the same thing the other day, about we all think - that we are or will be one of the 5%
although according to one article and post on FX TSD yesterday its now a 98% failure rate
but here at FXTSD are we not all one of the 2-5%?
who knows? - but these slightly alarming figures certainly keeps one vigilant, and ever striving to perfect our methods
Funnily enough was thinking the same thing the other day, about we all think - that we are or will be one of the 5%
although according to one article and post on FX TSD yesterday its now a 98% failure rate
but here at FXTSD are we not all one of the 2-5%?
who knows? - but these slightly alarming figures certainly keeps one vigilant, and ever striving to perfect our methodsThat is the human nature : hope. And people will almost always chose to hope instead to think rationally and prevent what is coming from trading based on hope alone.
For one I am amazed how little effort people put into finding out what are they actually doing and what are the consequences of that as well as how much people treat trading as a mere gambling.
Forex trading is only easy when we understand how to trade in it successfully. This will take time to be a good trader and if you become a good trader, then you can earn easily.
Forex trading is never easy
Once you start thinking that it is easy, you are doomed to loose your account. In forex you can never "relax", not even when you get some "easy" trades
Forexis only easy for those traders who pay their full attention towards their trading and who always keep in touch with forex so if a trader is active and doing trading permanently then it is surely a easy way to make money from forex.
How to make money on Forex
The most frequently discussed topic among forex traders is how to get rich quickly. Traders areconstantly looking for strategies that can earn hundreds of percent per month. Many of the forextraders increase the profitability of the strategy increases the risk to unacceptable limits. Many of theforex traders increase the profitability of the strategy increases the risk to unacceptable limits. Thisapproach very often leads to the destruction of the deposit, and trade in the forex market becomes agambling.
Not easy at all.
Needs lots of education, be active all the time, otherwise u'll be one of 97% of loosers.