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What is the real truth about trading?

Discussion in 'General Forex Talk' started by TonyFender, May 13, 2019.

  1. nahiyar

    nahiyar Private, 1st Class

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    Really we can not predict what will really happen with our trade. Even after a certain experience one is not sure he can be consistent profitable trader or not. Then forex is not easy earning business as people tend to join it for quick money making. Every trader had its own performance base experience as well as outcomes. We can not copy others trades as they do. Here profit taking is possible with your efforts.
     
  2. downtrend

    downtrend Sergeant

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    I do not think as there is mentioned that traders are not profitable with Forex market. Other advises are nice to do work with reliable brokers, do right decisions at right time, especially take a manageable risk in trading. It is true one cannot be profitable in short time period as everyone wants quick money generation from Forex trading.
     
  3. pashaev

    pashaev Private, 1st Class

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    Technical analysis works but not always and not everywhere. This can be noticed by any trader in practice. Relying solely on technical analysis is dangerous and wrong. Technical analysis has many aspects, options, and tools. The skill of the trader is to understand exactly how to apply technical analysis at different times on different instruments.
     
  4. Clay Davidson

    Clay Davidson Recruit

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    Real truth that's it's very hard and scammy business of probably most of them anyway. Does it sounds really good or not ? What it should have been ? I don't know - probably a lot more regulations like there and so on and on and on.
     
  5. SanioTire

    SanioTire Recruit

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    You need to spend time on continuous work and learning in order to perfect your trading strategy which will be then able to bring you continuous profits. Certainly there will be many lose deals, but they are best teachers of what needs to be improved in your strategy or skills
     
  6. nahiyar

    nahiyar Private, 1st Class

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    Yes but one can not stick only on one strategy that is profitable .He has to change according to market what is essential . Profitable strategy can be fail any time as market changes . The real truth about forex trading is that you have to be in motion when you are going to trade . Old rules and ways can less effective trader should need to find out new things and regular updates for market . You will never be perfect here because any market move can upset trading outcomes
     
  7. kingsman

    kingsman Corporal

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    The truth about forex business is that this is not fixed earning work . here traders earn as per their skill and experience and how much they are adjusted with market. The Market is unpredictable you can not say once you are learned you need not to discover more in future. Here regular working and updates are required then new ways and strategies are also important to cope with market.
     
  8. carnelian

    carnelian Private

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    Yes, forex is an uncertain and unpredictable business. It gives you many options like, timing of trading and capital of your choice, Then you can do it part-time and as home-based work. You are your own boss with it but you have to understand it is not a money rich scheme.
     
  9. fxoday

    fxoday Private, 1st Class

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    Not all people suitable with forex business, there are so many market participant in this planet, so if there are different views this is common thing in any case, if likely you in doubt and don't believe into forex, hence leaving this business is the best choice, you can't blaming any others, because forex trading on the past, now and later will remain risky.
     
  10. Albert Dcosta

    Albert Dcosta Private, 1st Class

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    Forex itself is not a risky business and currency exchange is a need for every country. The real problem is margin trading that retail brokers provide. With leveraged trading, you expose your equity to much larger risk.
     

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