Trading Discussion Many people find forex trading difficult

Ivo Zetticci

Verified member
The foreign exchange is also known as FX or forex market. Many people find forex trading difficult to make money. However, with proper knowledge, it is easy to make money. Many expert traders also offer new traders free or paid courses. But in my case, the broker Eurotrader is my mentor. It also offers a minimum deposit of $50 in a micro account and many more.
 

cashisking149

Active member
Forex is vast in what you can learn but in its essence it is easy. But it takes a lot of work and practice which takes time in order to get to that level.
 

Good luck

Verified member
Many people have lost a lot of money while trading on forex because there is no good knowledge of it.An investment that one does not have a good idea about is not worth doing.People think forex is very difficult because they don't have the skills of venturing into it.One needs to be very careful in any form of trading.
 
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LuckyMac

Guest
Yes it can be difficult but like any skill at the beginning it is hard to get better when you are expecting to be a millionaire in 2 weeks. People's perceptions are what make it seem impossible. If you trust yourself and give it time you will be successful
 

Eodine

New member
Just like calculus which many people fund to be difficult, forex is also seen as difficult by many people but if one truly studies it, it's not that difficult and that's why there are many people who make money with forex, they have studied it
 

Wisdom01

Valued Contributor
Forex trading is actually simple if you know how to make a proper trade , because anyone that dosent know how to trade ,might find it hard trading on the market to make gains and profit ,it requires more learning and strategies to earn more profit from the market I think,
 

kayode10

VIP Contributor
Some people start forex trading with get-rich-quick mindset. And this caused them to fail in forex trading. Another thing is that the place trade based on speculation. It is possible to make some money with speculation on forex trading. But I believe it is good to look beyond that and learn the business or only if you really want to make consistent income.
 

btaliat

VIP Contributor
Foreign exchange is truly difficult but it is learnable. In fact, for someone that really has interest in it, it will seem so easy for the person. This will boil down to the fact that interest of the person that wants to do it matters.

Overall, why people find the forex trading difficult may be as a result of the fact that they are only attracted to the profit and not the process of getting the money. When our minds are fixed on winning only, we will feel bitter when we lose and instead of blaming ourselves, we blame it on the system.

Another reason is lack of proper research. People hardly do research these days. They only rush into things with just a half baked knowledge of that particular thing. I could remember when I was introduced to forex. I told the person that I will like to make my own research first, I later told him that I don't have interest.


Another reason is having wrong brokers. When we have wrong brokers, we are at the verge of making mistakes and when we make too much mistake, we do attribute it to the fact that the market is difficult.
 

Macrobian

New member
Many people find it difficult because they give up too soon or they don't try to learn everything about it. Don't force yourself into the market, take time to integrate with it and be able to manage it properly.
 

Feeble

New member
Actually they find it difficult because they have unrealistic goals and expectations about forex trading. If someone enters the market with a dream to get rich overnight they will end up being disappointed. If one has the patience to learn and commit to become skilled over time they will do it no matter how difficult it is. Like we say, when there is a will there's a way. Forex trading is not easy for a beginner but it is a good opportunity for those who are keen to learn and have long term plans.
 

Theanthropic

New member
It's true that it can be difficult, but if you expect to be a millionaire in two weeks, you'll have a hard time improving. A person's perceptions are what make it appear impossible. Your success is guaranteed if you put the effort into it.
 

Caballine

New member
For some people, it’s a piece of cake while some traders find it really difficult to understand what their next move should be. It all depends on your understanding and skills. The more you study about the market, the better you get at it.
 

Rookery

New member
Forex trading seems difficult to many traders. This is because many traders do not understand how to cope with the changing market movements,the high liquidity, and high volatility. It is an extremely fast paced market which makes traders anxious when trading.
That is why it is very important to learn how to analyse the market both fundamental and technically. This helps the trader to form good trading strategies that can make decent profits.
 

Tactical

New member
Forex trading is difficult when you enter the market without proper knowledge and a trading plan. You are bound to feel lost and confused if you don’t have a strategy to follow. It is important to invest time and effort into learning and becoming skilled as a trader. Risk management is the key to success in forex trading. So those who are not good at dealing with the risk will find it hard to survive in the forex market.
 

Fartsdump

New member
Yes people find trading difficult and indeed it is! You need to understand that the forex market is risky and to overcome that you need proper education and experience. You must be prepared mentally for all the hard work and efforts, once you know how the market works it won’t be difficult for you. As you know that the forex market is highly volatile and risky, you need to prepare yourself with a strategy with risk & money management to minimise losses. You also need to be good in fundamental and technical analysis to trade in a better way. The more you understand the market the more you’ll earn profits.
 

Diapason

New member
Of course, it is a challenging market that comes with greater risk. Moreover, forex is a dynamic market, and people search for some “holy grail.” The wrong mindset and lack of trading education are the primary reasons why people fail in the forex market.
 

Brijesh Mckee

New member
People find forex difficult because it requires so many things to learn. The market is volatile and risky. It demands proper knowledge, skills, and practice. Without any of them, forex becomes difficult for most people. It requires constant learning because learning never stops. Forex is not what most people think it to be.
 

maidnagi

New member
Forex trading is difficult because most people don't understand what they are doing.They neglect studying the market and make assumptions while trading and eventually fail.
 

Setho

VIP Contributor
There is a popular statistic that more than 80% of the people who are trading Forex currently are in losses and even more are going to be dragged into it as they are coming in . This is essentially how the society is built where a majority of the world is only going to be distributed to a few . Forex trading is also like that and I am going to attribute that to the fact that a lot of people usually come into it with the hope of making money very easily. This is usually not the case because you are supposed to take it on a step-by-step basis, learning along the way and evolving .

First of all you will have to have gathered education and YouTube is one of the best ways to learn about Forex . You don't learn how to make money with forex through the learning of technical analysis and fundamental analysis to help you in making decisions .
You are then going to practice what you have learnt, especially on a demo account and then always keep up to news about the forex market for you to be at the top of your game .
 

Neuroid

New member
Many traders find it difficult to figure out what their next move should be while trading. It all depends on your knowledge and abilities. The more you research the market, the better you will become.
 
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