Forex trading is a challenge

[Mayhem]

Though forex trading might seem to be easy, it is not everyone’s piece of cake. Traders need to have a good amount of knowledge and skills in order to trade profitably.

 

[SaadBinToha]

Lack of effective trading leads a trader to go astray. You have to strategize your trading and use multiple strategies to confirm a signal. If you can’t do it alone, try to seek help from others. Besides so, you have to keep analyzing your trading pair more and more.

 

[Allotheism]

Yes, it is definitely a challenge to trade Forex. But if you take it as a challenge that you will accomplish at any cost, Forex will prove to be a very fun challenge for you. It is totally dependent on your mindset how you see forex.

 

[Substractor]

That’s right. Forex trading is quite challenging and hard. One of the most difficult obstacles I had as a forex trader was managing my emotions. These emotions impair our ability to make sensible decisions, which is inconvenient. Greed causes us to overtrade, while fear and worry confuse and overwhelm us. In order to make profits out of forex trading, you must be hard working and patient.

 

[colton]

The challenges in forex trading require patience and practice, it is not for everyone without some good knowledge. The ability to trade profitably requires traders to have a good amount of skill set.

 

[JimmyChoo]

but money management works most of the time to fail , because most of the time market moves at random.

 

[BrunoKyle]

Forex trading will provide you with a lot of challenges that will test your limits. This is why it is recommended to develop your trading psychology, and practise mindset and motivation when you learn about forex trading, or are in your beginner days. As the forex market is extremely volatile, we cannot expect one strategy to work forever, neither with one single pair, and definitely not with other pairs. You need to constantly adapt to the changing market scenarios. It is literally the digital market for - SURVIVAL OF THE FITTEST.

 

[The trader]

we the traders should develop our trading strategies besides develop our money management.

 

[Tom Latham]

learning and practicing at the same time is a very good combination.

 

[JimmyChoo]

actually right now its very difficult to make sure 20% return according to trading balance due to US election. but whatever it is we the traders always try to bring profit minimum 5-10%.

 

[Davidfx89]

what actually reliable as broker ? actually regulation broker can be reliable ? i mean do you believe the brokers regulation ? sometimes i feel its all about market strategy ,. nothing without it.

 

[Stichomythia]

It depends on your mindset and what kind of challenge you think of forex to be like. If you think of forex as a positive challenge, you will prepare yourself for it, and if you feel it in the negative, you will feel that way.

 

[Mateox_28]

It depends on your mindset and what kind of challenge you think of forex to be like. If you think of forex as a positive challenge, you will prepare yourself for it, and if you feel it in the negative, you will feel that way.

For me, trading is all about fun and learning. And what about yours?

 

[Faal]

the new Forex trader always try to bring good amount of profit with no learning . this is a very common mistake.

 

[Nezami]

Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , over trading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.

 

[StupidFishy]

Success in trading cannot be attained without consistency. So it should be clear why trading success is difficult to attain. The risk of losing a lot of money is greatest for the novice Forex trader. Forex trading may appear simple at first, especially if a novice trader experiences beginner's luck, which might deceive him into thinking he has mastered the art of trading. There are scammers of every description all throughout the forex market. A trader needs to exercise caution while selecting a broker as well as signal sources, trading platforms, and gurus/experts to follow.

 

[Nezami]

risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.

 

[Davidfx89]

basic knowledge generally comes from demo trading and the main problem is we the traders always ignore the demo account , as a result our knowledge become poor to survive in here accurately.

 

[Faal]

learning is really important , there is no way to ignore but if there is no regular level of practice any kind of learning approach can be useless.

 

[Fx Master]

having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.