Fundamental Analysis Can Be Quite Helpful In Forex Trading

[Zerologic]

Sure, but let me mention that sometimes having too much information can actually hurt you and prevent you from making the trades you would have if you hadn’t had that extra info.

Indeed, sometimes there seems to be a conflict in fundamental news, this can be confusing as to how it affects the currency. In doubt it may be safer to step aside.

 

[Ximan]

I actually know that Forex trading is a tricky and complex endeavor because I often ask myself, what was my single biggest reason for why I had failed to make money in trading during my first two months of trading and struggling to achieve consistent profitability. I realize that it was poor risk management because I have seen that trading involves a high degree of risks, but that does not mean Forex trading is inherently unprofitable or impossible to master.

You're absolutely right-poor risk management is a common pitfall, especially in Forex trading. While the market is risky, consistent profitability is possible with discipline and strategy. Focusing on solid risk management, staying patient, and continuously learning can significantly improve your chances of success.

 

[Zerologic]

Every business, including forex trading, requires hard work and always learning, perhaps the level of success of each trader is different, each trader has his or her portion, there is no need to be jealous of other people's success, do work a profession to flows like water.

 

[Gito Dinev]

I actually know that Forex trading is a tricky and complex endeavor because I often ask myself, what was my single biggest reason for why I had failed to make money in trading during my first two months of trading and struggling to achieve consistent profitability. I realize that it was poor risk management because I have seen that trading involves a high degree of risks, but that does not mean Forex trading is inherently unprofitable or impossible to master.

It’s great that you’ve identified poor risk management as the key factor in your early struggles. Forex trading definitely involves high risk, but with discipline, proper risk management, and continuous learning, it’s absolutely possible to master and become consistently profitable over time.

 

[Antho]

Sure, but let me mention that sometimes having too much information can actually hurt you and prevent you from making the trades you would have if you hadn’t had that extra info.

Exactly! Too much info can mess with your decisions.

 

[Zerologic]

Exactly! Too much info can mess with your decisions.

The market is sometimes confusing, the news is positive but sometimes the market response is negative, this is where risk management is needed.

 

[Amadeus.V]

Exactly! Too much info can mess with your decisions.

Well said!

Post automatically merged: Tuesday at 02:43

Indeed, sometimes there seems to be a conflict in fundamental news, this can be confusing as to how it affects the currency. In doubt it may be safer to step aside.

That is correct! The less you know, the harder it is to be manipulated, my friend. Sometimes, not knowing is a blessing.