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Are you in a hurry to make money?

Discussion in 'Beginners Bootcamp' started by downtrend, Sep 21, 2016.

  1. walpants

    walpants Private, 1st Class

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    patience is the biggest thing i struggle with and really need to work on.
     
  2. 7Bulletin

    7Bulletin Private, 1st Class

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    Honestly I don’t understand the approach of fast money, especially on the trader market. This is not a lottery or something, this is a skill, which requires constant training and practice. If you win something fast you can have a huge loose with the same speed. So it is hard work and don’t take fast win as for granted.
     
    walpants likes this.
  3. Alex Bainbridge

    Alex Bainbridge Recruit

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    i'm in no rush with fx it will crush me, this is a marathon
     
    HollyHopScotch likes this.
  4. HollyHopScotch

    HollyHopScotch Recruit

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    Exactly right.
     
  5. dylanjessop

    dylanjessop Recruit

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    I am in a hurry lol
     
  6. Olieng38

    Olieng38 Private, 1st Class

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    Patience is a virtue that every trader must learn to possess. Without which, you can hurry into making a trade decision that will see you lose even the little money you had instead of making the millions you were targetting. You can never make good trading analysis without being patient
     
    Etedus12 likes this.
  7. Enayess

    Enayess Private, 1st Class

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    A lot of people are getting attracted by forex as they think this is the easiest and fastest way to make a lot of money, but this is a tricky statement. You need to be very careful in order not to wipe up your saving at once. And as any other businesses here you need to learn and practice and it all takes some time.
     
  8. bigdolly

    bigdolly Sergeant Major

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    Have you personally managed to earn money in forex?
     
  9. dylanjessop

    dylanjessop Recruit

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    I was joking :) I am prepared to study for a long time.
     
    ScottyCarsonMVP likes this.
  10. John Mason

    John Mason Private

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    In forex trading I cannot make a profit every day, however, loss is also part of trading. The market has a character with dynamic movement and very unpredictable, that is why we should have some patience and not hurry things to make profit as it will result in the opposite.
     
    dylanjessop likes this.

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