I'm beginning to see that forex is a side gig but not good enough to be called a job or a business since there is a high risk to lose money and it does not have stability like a job nor stable earning like a business so I'm beginning to see that a job or a business is much better than forex. Or...
I think this is something that all traders must keep in mind. There are way too many losses in forex and the failing rate is very high and only the experienced or savvy traders will earn. So, I think with that being known, we should also focus on other types of work or investments in our lives.
I think it does cause low IQ people will make a lot of mistakes and also do not have enough intelligence to trade like intelligent people do so they will lose lots of money. Even high IQ traders lose so talking about low IQ ones. They will lose for sure. I think forex is way too risky for...
I think that after some losing days and weeks, and months, it makes me see that its essential to have a day job. There is no way to pay all of your bills by waiting on the forex market who keep causing you to lose. I think its easy to lose in forex if you have no idea what you're doing too. You...
Yes, the failure rate is very high and so I think newbie must keep this in mind. I think there are more attractive investments out there with less failing rates like long term stocks and real estate or bitcoin even. However, I think that forex brokers do tricks that can cause you to lose like...
The value of bitcoin went up like to over one thousand dollars something per bit coin and it used to be around ten bucks back in the days. The value of bitcoin is rising very fast and many are trading it. Do you see it as more attractive than forex. Some have made over several hundred k on...
Do you think forex is not dependable for newbie? I'm beginning to see that somehow forex is not too dependable for newbie and even as an experienced trader, its still is not dependable for us. So, therefore, I think that newbie should keep this in mind and keep their day job. How about you?
Do you find certain time frame fearful for newbie? I happen to see this as I trade with certain time frame and noticed that the m1, although necessary to scalp is very fearful cause it jumps so rapidly and makes you think that you're losing if you're staying in the trade and so you feel the urge...
I think as long as you have knowledge and experiences and intelligence you will find forex easy. I think predicting is the hard part and then having the market not moving and just going side way is rather upsetting too. I think as long as you know what you're doing and understand the market...
I only do it part time too or when I'm on vacation or have nothing to do. I think its fun sometimes when there is so much to scalp or trade but sometimes you don't get those kinds of movements to trade or scalp all the time and its only once in awhile that you get to scalp really good trends...
I think as long as you keep an eye on your trade you should be fine and then exit if you could and you can set tp or sl if you're away or do long term trades. I think we can monitor our trades on our phones frequently too and then jump out if its bad. I think the market do get uncertain during...
I think this is very crucial to making more profit per trade. I time it so I can get the lowest price possible. Of course, no one that is an experienced trader would jump in at four pm on a Friday and try to trade right cause I'm sure there is nothing to scalp on that time so we have to get...
Its right on your desktop so that is the nicest part about it or that part of it is my favorite part. Forex is so easy to do and right from your living room. So, I will always try to be a part of it. I think convenience is really helping me to do something on the side at home. I also like to...
I'm beginning to see that forex can't be my only source of income. Its a part of my income but definitely not all of my income is there. Forex is not all of my income. Forex is just only part of it. I think its too hard to totally depend on forex all alone so we must take care and do not depend...
I'm beginning to see that this is true. Losses will always be there in forex. Losses are a part of forex but if you're good at it, you will either now how to make more profit or know how to control your losses. Controlling huge losses is a major part of forex as well. It will always be there in...
I think the market is so bad and if the trader gets impulsive then they can lose a lot as well. The market can cause a good trader who is impulsive losses. So, there are many factors that will make the trader lose. Also, opening too many losing trades will lead to total losses. In forex, we have...
You will need to learn fundamentals and technical. After you learn all of those, you will need to open a free demo, and all brokers offer them as well as dailyfx, and then practice for a couple of months or until you feel comfortable and then you can trade in a real live trading environment...
I think there is some amount of time that will pass before newbie can really fly off with profits. I think they must pass the practicing state then the experimenting stage and then they will fly off with their abilities to make more profits as times go by so that could be six months to a year...
I think all classes are involved in forex trading as the rich can get richer and the poor can get richer or poorer so forex does not alienate anyone though. There is no class distinction at all in forex and everyone from all walks of life can do forex right from their bedroom so forex is a...
Newbie must learn to control losses and money and those are important principles. Old but always a priority. I think in forex we must learn how to control our emotions, our money and our trades. We must keep up wit news at all time and we must not get hasty or greedy as those can cause us to...