• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Forex a bad idea for some people

I think that there are many psychological factors that play significant role on this market. Not all people are ready to deal with these aspects. In this case it would be better for them to move from this market, or eventually try again later
Yes; it’s not appropriate for the emotional people! Need enough preparations to make money in Forex! Of course; Forex isn’t any easy way of money earning!
 
Forex is not some guaranteed income here lies that problem, it's something which really needs some dedication and hard work, many people see it as easy money and here lies the problem anyway. I do understand everything about that lately;)
 
Forex is not some guaranteed income here lies that problem, it's something which really needs some dedication and hard work, many people see it as easy money and here lies the problem anyway. I do understand everything about that lately;)


Basically; which traders try to make easy money here! End of the day; they lose everything! Forex is a smart profession; no way to make easy money!
 
Which traders want to make quick money; Forex isn’t appropriate for them! Because, it’s a long term journey & without proper knowledge; it’s quite impossible to make money!
 
anyone who is investing in forex must start with Demo accounts, some people just jump into the make in order to earn as much as they could....
I agree with you, the trader should do demo trading first. It is possible to develop skills. And when skills are developed, profit will be much easier.
 
Trading without learning will be very difficult for me. And have to trade emotion-free by maintaining plan and discipline. Then it will be much easier to make a profit.
 
If anyone wants to make double or nothing, he should go to casino. That's the better place for doing this sort of things. Forex trading is not gambling.
 
There are several indicators available on the market that help in analyzing the market properly. RSI, moving average and Bollinger bands seem to be good indicators.
 
practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
 
Top