Is forex easy way to make money. - page 4

 

Forex or any kind of trading is hard. First you need to understand what you doing and consider the risk and know how to deal with them. The biggest problem, most trader don't know what they are doing. They think by getting a pattern from the internet they going to make a living from it. First there is a lot of things to understand, a pattern is probably 10% of trading. And knowing only one pattern is not enough, you need different pattern to used for diffrent market condition. Most pattern work in certain market condition and not at all in others market condition. More than 90% of people you start Forex will not make money from it, most of information on the internet come from that 90% of losers. The know-how is the first step, there is not a lot of people who now it and teach it to.

But even if you understand the best strategies and how to read the market for forex. You will not able to succeed if you can't control your emotion. If you are discipline, focus, patient and open minded. You have the skills to become a professional traders. But you need to learn the know-how.

 

Nothing is easy about making money.

 

It is not easy at all. Fund of knowledge is needed.

 
kplastik:
It is not easy at all. Fund of knowledge is needed.

You are right, forex trading is not easy. A lot of experience and knowledge is required to trade properly and profitably.

 
codersguru:
Forex is an easy way to make money. And the easiest way to lose money.

Yeah, interesting. I think it's not an easy way to make money, but an easy way to lose money.

 

Forex is not easy, all you need is good guidance and good knowledge of the market to make money from it. It will take time but when you become a good trader, then it really pays off.

 

It is not easy but it is worth spending time to learn it

 

No it's not easy. It requires a lot of work and dedication, and even more work on top of that. Anybody saying it is easy will try to sell you something.

 

Forex is not hard to learn. But it is very hard when it's come to live trading & earning.

 

Yesterday i have found one interesting wise saying:

"Trading is not fight with market,other traders,indicators or system it is your war against you. Fight smartly."( by alpha24)

Reason: