challenging nature of forex

[Glenn Phillips]

trading can be simply if there is good money management , otherwsie there is no chance to bring profit with certainly from this trading place.

 

[Cooper Truebridge]

Forex trading can make a really good career, but you have to constantly accept new challenges from the market. And that challenge must correct the mistakes.

 

[Smash Fun]

Poor risk management, or even worse, lack of risk management is the main reason forex traders lose money quickly. Risk management is the key to survival in Forex trading, including day trading. You can be a good trader and still get knocked out by poor risk management.

 

[Alicia Lynch]

In order to trade, I have to take the challenge in every position. You can never trade without knowledge and you have to create knowledge and trade with challenges in each case.

 

[Nezami]

Before using leverage it is more important to ensure how to manage risk , because leverage contains huge risk for all time. they should trade in low leverage in micro account for avoiding loss, otherwise they can fall a great trouble when market moves at random.

 

[Davidfx89]

even though demo is the master place to become a knowledgeable trader but i have seen most of the traders we have dont believe this trading place, they take as just time passing.

 

[Oscar Shumack]

Forex is a very competitive market. You need to be very careful.

 

[Faal]

the Forex trading can be an easy part to bring good amount of profit , if you can make sure all inevitable part of tradings.

 

[Kazumu Fukunaga]

The trading of large lots is a major issues faced by traders of forex. They are looking to make fast cash, but they don't think that they'll lose their funds quickly.

 

[FXOpen Trader]

The trading of large lots is a major issues faced by traders of forex. They are looking to make fast cash, but they don't think that they'll lose their funds quickly.

It is a known fact that the losses we are going to get will keep on increasing and we will need to use such kind of a Trading system that is Reliable for us.

 

[Malapropism]

Not just forex, but any market is challenging if you don’t have enough knowledge and experience. Anyone who is looking to trade forex should spend time learning all the concepts of forex followed by practicing on a demo account until enough confidence is gained to trade on a live account. New traders should start with a micro account, as it prevents heavy losses.

 

[Cedric Fenech]

When it comes to trading in the forex market, the challenges and risks are synonymous with making money. While we are constantly told to manage risks, it is important to also understand that if we don’t take risks, we may not be able to make anything. So, before you enter the market, consider building a risk management plan and try not to risk more than 1-2% of your total trading capital.

 

[justintaylor]

No risk, no gains. This stands true when it comes to forex trading. No matter how much it is, you will have to put a certain amount at risk to make profits on it. If you are not risking any money, you will make nothing. The good thing about forex is that you can decide whatever amount you wish to put at risk.

 

[skihav]

@maxlvg I couldn’t agree more. Most new traders fail because they look for easy ways to make money. They rely on signals and trade with bots, but they are not 100% effective and it is very difficult to find good resources. Even copy trading doesn’t work 100%. What works is your hard work and knowledge.

 

[Gargoyle]

Probably, the challenges are a reason why there is a market. If it was all simple and straightforward, there would have been no great profits that make all the difference.

 

[The trader]

generally the beginners trade over and over above all when making a losses , they try to overcome the losses by overtrading but at the end of the day they become loser.

 

[Louisfx]

I think all trading markets are challenging just like forex. It just needs proper knowledge to conquer the forex world.

 

[Nezami]

the success of scalping depends on your money management , so its more important to make sure first of all the approach how to manage money when trading in practical.

 

[CarmeloGiroux]

No risk, no gains. This stands true when it comes to forex trading. No matter how much it is, you will have to put a certain amount at risk to make profits on it. If you are not risking any money, you will make nothing. The good thing about forex is that you can decide whatever amount you wish to put at risk.

Absolutely right! Forex does allow traders to decide the capital that they would like to risk. Moreover, traders can place stop-out levels in their trades to prevent heavy losses in case of leveraged trading.

 

[Ecstasy]

There is no doubt that the forex market is evolving now because of the dynamic changes in the global economies. But there is no need to worry about these challenges. These new challenges will only make traders better at trading.