Trading Discussion Forex is not for you if you want stable income

[Razor1911]

Forex marketing is very lucrative yet volatile business. Here the risk factor is higher in comparison to other online earning platforms. What makes it so risky is the uncertainty about the market, you never know which direction the market will surely go, you only do reserach and predict.

Sometimes trader makes profits, sometimes make loses. Yes, loss is also a part of it. You can't say that you will always come out vicorious here. That is why, if anyone wants a stable income where there is no risk of losing, they should try other platform, Forex is not for them.

Only those should join forex who has better understanding of handling risk. A better risk management approach will help to at least stabilize your income.

 

[Samuel72]

Yes I agree with you forex trade is a very good and lucrative business but it has big side of risk and also the business is not very reliable because you can't get stable income from Forex trading. It is good for you to have other business when doing forex trading.This business need good understanding and patience. You income only ones at the time.

 

[Razor1911]

Yes I agree with you forex trade is a very good and lucrative business but it has big side of risk and also the business is not very reliable because you can't get stable income from Forex trading. It is good for you to have other business when doing forex trading.This business need good understanding and patience. You income only ones at the time.

You can very well have other buisnesses along with forex. Forex trading does not require your engagement all the time. You just need your time while analyzing and execution. There are tools like Stop loss and take profit which drastically decreases the human involvement while trading. So you can easily do other buienss also without any hassle.

 

[Ray Martinez]

We all know the proverb that no risk no gain. Forex market has also risk. A trader when trading in the market, he always try to reduce the risk. It is not easy to minimize the risk. Trader should study hard before trading in the market. A broker also can help to minimize the risk. To give the guideline I take Forex4you as my broker. Their planning, execution and ease of access pleasing me all time.

 

[Sotherefore]

All these things require understanding because those people that are good in trading of forex are really making something out of it and if you're just new into the system it may not be easy for you except you understand all the strategy that you can use in trading,but it should be considered as a side work and not as a full-time work.

 

[Razor1911]

All these things require understanding because those people that are good in trading of forex are really making something out of it and if you're just new into the system it may not be easy for you except you understand all the strategy that you can use in trading,but it should be considered as a side work and not as a full-time work.

A well understanding always helps. The market is not a game, here you put your hard earned money at stake. In this risky platfrom where every step is uncertain, we must keep our capital safeguarded.

Though many people will lose here, but mang will make profit too. Ultimately your hard work and dedication to fight will determine your success story.

 

[Chibson]

Both forex trading and cryptocurrency trading works almost in the same way. But one thing I like about cryptocurrency over forex trading is because a cryptocurrency you only lose when you want to especially in spot trading. Futures trading is very risky and it is not for the faint-hearted that is the reason why I have not ventured into that type of cryptocurrency trading before.

 

[Sotherefore]

A well understanding always helps. The market is not a game, here you put your hard earned money at stake. In this risky platfrom where every step is uncertain, we must keep our capital safeguarded.

Though many people will lose here, but mang will make profit too. Ultimately your hard work and dedication to fight will determine your success story.

It all requires determination and dedication before you can achieve that ,anyone who is really interested in trading of forex must understand that it is risky and it is not a get-rich-quick scheme and as a result of this is you must dedicate your time and money if possible to learn all these strategies you will use in this volatile market.

 

[Razor1911]

It all requires determination and dedication before you can achieve that ,anyone who is really interested in trading of forex must understand that it is risky and it is not a get-rich-quick scheme and as a result of this is you must dedicate your time and money if possible to learn all these strategies you will use in this volatile market.

Yes. There are many instances where traders fail to sustain in the market due to their mistake while trading. Whom should the traders blame? It's themselves. Their lack of knowledge and a proper approach is the only reason why they suffer here. But if a trader is prepared to trade with his proper tools and strategy, then surely he can earn nice amount of profit in forex.

 

[Sotherefore]

Yes. There are many instances where traders fail to sustain in the market due to their mistake while trading. Whom should the traders blame? It's themselves. Their lack of knowledge and a proper approach is the only reason why they suffer here. But if a trader is prepared to trade with his proper tools and strategy, then surely he can earn nice amount of profit in forex.

There is absolutely no proper tools you can use in trading of volatile market like forex because it is all about an understanding,these include a good understanding of technical and fundamental analysis to predict the volatile market without which you may not be able to success.

 

[Razor1911]

There is absolutely no proper tools you can use in trading of volatile market like forex because it is all about an understanding,these include a good understanding of technical and fundamental analysis to predict the volatile market without which you may not be able to success.

The prediction of the market mostly depends upon the analysis you make. The anlayis is the most crucial part. Because if you analyse well, then your result will reflect it too. This is where a trader has to put his best efforts. Otherwise a bad analysis will blow your whole account, and you will have no one to blame to.

 

[Razor1911]

The best part of forex trading is that it is not expensive. You can start your trading from even as low $10. Though it is not advisable to use such low amount, because there will be higher chances of getting margin call. The appropriate amount to invest should be $500. I don't think this is a huge amount that you can't invest.

That is true. The forex business has many advantages. But the most Important is that he minimum amont to deposit is much lower and everyone can trade with small amount here. But It is not advisable to trade with snall margin, always trade with higher margin to avoid margin call. Also don't take too high leverage otherwise your account will be blow im seconds.