That's how it should be done. Learning makes any field easy to understand and excel, good going mate.
How difficult forex trading is for you?
- Thread starter Rambo35
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That's right. But then again, forex is not everyone’s cup of tea.
Yup, it is not. But those who work with that passion and zeal, with the aim of succeeding, they are able to make it for sure.
Personally, I find forex trading quite difficult, but very rewarding when I am successful at it.
To me its difficult. I am to keep searching on the chart to find the trade setup that goes with my strategy. Then, I am to wait until the chart produces the signal. High risk is involved. However, at the end of the day, I still love trading.
When I was a beginner, forex trading was quite difficult for me. I was not aware of the market terminology and working. But gradually, I gained knowledge and experience and now, it doesn’t feel difficult anymore.
In the beginning, it was quite challenging to get all tasks in place, consistent profits. But with time and practice, I would say things keep getting better.
It aint no easy feat, took me sometimes to get better and trying to make a proper plan but kept failing for long time. Now I am in a good place
Even as someone who can get 90% win rate weeks pretty consistently, there is still no easy trades. It is a lot of work.
I have been doing this for 7 years, and have always been profitable, but I have only recently gotten over my own fear of trading a larger account balance.
I used to always trade $500-2k at a time, and always take out my profits each month, because I used the money to buy fun stuff, it was where most of my discretionary spending money came from within my budget.
But over the years, as I earned more, and got older, I spend less on those types of things. So I started leaving more of the money in, simply because I didn't need it.
This has lead to me trading and being more comfortable using more and more money. And as a result, I make been making a lot more money.
I have been doing this for 7 years, and have always been profitable, but I have only recently gotten over my own fear of trading a larger account balance.
I used to always trade $500-2k at a time, and always take out my profits each month, because I used the money to buy fun stuff, it was where most of my discretionary spending money came from within my budget.
But over the years, as I earned more, and got older, I spend less on those types of things. So I started leaving more of the money in, simply because I didn't need it.
This has lead to me trading and being more comfortable using more and more money. And as a result, I make been making a lot more money.
Initially it seemed very hard, but a lot of practice on demo and then real world practice made it seem like one of those things that you're just used to doing. I still lose money sometimes but have come a long way and don't think anything can beat true experience that comes from trading live over time.
Pretty simple for me - but it was very hard at the start. Once you learn a strategy, you are good to go.
In the business of foreign exchange market if we are not having proper trading experience then we are bound to make mistakes so we should remember this.
I have also faced such problems in the beginning. But learning with discipline and continuous practice has really helped me a lot in making things a little easy.
This is an interesting approach, rather than pips do you aim for a overall % gain and more importantly an overall % loss? over x period.. i found this was the best way to construct a trading plan..
We will need to make use of such kind of a Trading based system that is Easy to understand and also Reliable for us.
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