Why I need Forex?

[Morning1234]

True, if one can gain good knowledge regarding the forex market they can make a lot of money. Developing a technique and adhering to the technique till we reach our goal should be the primary aim of the trader. Thus, forex market is highly profitable.

I do not think that any knowledge will help make a lot of money on Forex. Lucky occasion can help. And knowledge and experience will help not to lose money.

 

[Kokomaster]

Very true you have to make your own targets why you are trading for, I think main purpose of any business is to enhance your earning. Forex is a supportive business for those who want any part time job. It is not necessary to make quick money from forex. Be disciplined in every step of forex trading so that you make money not loose your investment.

 

[Olieng38]

Forex market is the best place to be. For anyone to succeed in forex trading, you must do your research thoroughly, identify a trading strategy and work on improving it, then have a trading plan. Self-dicipline is a must. Getting tips from experienced traders on forums like this is also vital

 

[Thoris]

I do not think that any knowledge will help make a lot of money on Forex. Lucky occasion can help. And knowledge and experience will help not to lose money.

I do not believe in winning forex trades through luck. I'd rather you leave luck for casino games and gambling. Forex needs brains, strong technical and fundamental analysis as well as a lot of research and discipline. If you lose a trade because of a wrong strategy and your entire account balance is swept clean because you did not use stop loss; do you say you are unlucky? Of course not! You are simply too thick to take instructions and your ego is too big. That's my view.

 

[bigdolly]

I do not believe in winning forex trades through luck. I'd rather you leave luck for casino games and gambling. Forex needs brains, strong technical and fundamental analysis as well as a lot of research and discipline. If you lose a trade because of a wrong strategy and your entire account balance is swept clean because you did not use stop loss; do you say you are unlucky? Of course not! You are simply too thick to take instructions and your ego is too big. That's my view.

It's not about beliefs its about actual capabilities of a trader. Luck means that from random trades you placed there has to be some hidden factor which skews odds in your favor. But well if market returns are normally distributed then the probability that your profit exceed 0 is 1/2. Remember that there are transaction costs which make your winning odds below 50%

 

[Morning1234]

I do not believe in winning forex trades through luck. I'd rather you leave luck for casino games and gambling. Forex needs brains, strong technical and fundamental analysis as well as a lot of research and discipline. If you lose a trade because of a wrong strategy and your entire account balance is swept clean because you did not use stop loss; do you say you are unlucky? Of course not! You are simply too thick to take instructions and your ego is too big. That's my view.

Good luck is not the last thing in trading. No calculations will help you win, they will only help minimize losses and open up for good luck. Trading is also a gamble, and how to play a game should be treated as such. Nobody will pay you a salary here. You can either win or lose.

 

[TrapLok]

I am sorry that some people perceive Forex market as gambling. This means that they don’t have a clue about this market. New traders will probably have more lose deals in the beginning, because Forex requires experience and discipline, which is learnt only during time spent on this market

 

[BaazexRep]

If you are into trading business be very realistic some traders who are looking to make a change in their career are trading full time and taking it as a full time job however, some new traders who are working full time jobs which can limit their time and effort for trading.Focus on risk management and enjoy the freedom Forex gives like no other business

 

[Painskin]

What do you mean by why I need it? Cause it really provides you with a ton of opportunities it really offers and we can make something happen with them entirely. I do want to help you clearly on that matter, but you need to learn on your own mistakes.

 

[fxoday]

I am sorry that some people perceive Forex market as gambling. This means that they don’t have a clue about this market. New traders will probably have more lose deals in the beginning, because Forex requires experience and discipline, which is learnt only during time spent on this market

Some people might talk like that, forex is gambling, because only watching on negative edge from this industry, losing money, but they never hear there are some professional trader having good income through forex business, as long as we know what to do, and what to avoid, forex still will be the reliable business for future