Why are you trading in such competitive and unstable market?

[Kazumu Fukunaga]

The maximum trader trades uncontrollably so their loss percentage is much higher.

After loss trade some people do revenge trade. They become desparate to recover the loss. But revenge trade brings more loss. A trader should stick to his strategy and plan.

 

[Kevin Vogt]

If you have enough knowledge and skills, this market is very easy for you.

Yes knowledge becomes effective only when we can apply it properly. Execution is the key. Many people can not execute their knowledge due to lack of discipline and plans.

 

[Kevin Vogt]

@Kazumu Fukunaga I have come to the conclusion that forex trading is for people who have the appetite to take risks and have patience . I agree the market is unstable and unpredictable but so is life, and if one cant stop living why should i stop forex trading.

Trading for living is possible but not by everyone. For this one needs great skills and experience. Fantastic analysis skills and trading psychology is needed to earn money in foreign exchange market.

 

[eddiereich]

Forex has both risks and rewards. If you want profits, then you also need to lose some money. Honestly, everything is at risk when it comes to money, not even banks. Forex gives people an opportunity at a price. As long as you know how to strategize and plan, you can gain significant profits.

 

[Benjamin Bryne]

It is necessary to understand the market situation and trade. This allows a lot of successful trading. And you should not trade against the trend.

 

[Gito Dinev]

For me, it is fun and my dream to be a pro.

 

[Mark Dahl]

It is a risky market but its potential to make money is great.

 

[Gito Dinev]

I agree with you trading knowledge and skill is the most important element for success in Forex trading it trading a trader who has knowledge but his knowledge is not updated can't analyses correctly and without correct analysis, you can't earn profit and insect profit is impossible without skill and knowledge.

 

[Ethan]

First of all it’s to let you know that Forex isn’t my only profession and I feel jolly to take risk for earning.

 

[Nayek Pichai]

You can win the unpredictability of Forex through market analysis but newbies don’t understand so. Maximum newbie traders bring up the practice of buying signals but this approach isn’t effective at all.

 

[Nayek Pichai]

Forex is a trendy market and it will remain trendy in the future because everything is becoming online-based day by day. Wrong approach of trading in this market can give you consistent losses.

 

[MinikZeeb]

Trading in competitive and unstable markets offers opportunities for profit through volatility. While these markets pose risks, they also present numerous opportunities for savvy traders to capitalize on price movements. The competitive nature drives innovation and efficiency, fostering a dynamic environment where traders can hone their skills and strategies. Additionally, trading in such markets provides access to a wide range of assets and instruments, allowing diversification and the potential for higher returns. Despite the challenges, many traders are drawn to these markets for the excitement, potential rewards, and the opportunity to participate in global financial markets.