Is forex trading worth the time?

I would say that forex trading is totally worthy and to put time in understanding the concepts and learning forex is truly valuable. From my experience, I can say that trading requires lot of patience, discipline and hard work and it can’t be denied that you cannot always make profit.
If I consider your situation, it seems difficult for you to put lot of efforts along with your studies. Also the purpose for which you want to do trading is not justified as above said it is not certain to make profit, there are chances that you may suffer loss.
Forex trading carries lot of risk, so initially you cannot make reasonable amount of profits. My suggestion is first you need to plan your goals and then enter this world, not just for the sake of earning high income. One with the true desire to learn trading can become successful in forex.

Forex trading is worthy in terms of time spending .It not goes waste when we do trading with mind ,on rules and learn some thing from it. This time will pay us best reward when we do trading good in real market.

You are right hard work and time spending on trading is worthy it pays its cost. We get experience and skill that will certainly bring profit. serious efforts results good in profit. I think my time not goes waste , I am doing good as time passes my trading is also good and to the point .

I like the spirit and approach you have in the market, I admire your mindset. We need to work really hard and learn well before we can succeed, new things come everyday and it’s our duty to keep at pace with them!

Forex worth for because it is giving me extra income. It is time worth that I can spend m free time in trading that is good than any other part time business. I will say it should be joined by everyone who want to earn income along with their regular job.

I can’t imagine how difficult it would be to juggle two professions that require so much commitment like being a doctor and being a trader. I am sure it’s not impossible, but it sounds incredibly hard.

It is true, in fact I don’t see any reason why such a person should leave his profession for trading after spending so much time in school, cuz I know that medicine takes longer.

It depends whether or not you include all the years of postgraduate, vocational, specialist training that many doctors do, I think … but they’re generally already making quite a good living during those years, so in this context I suggest they shouldn’t actually be included.

It took me about as long to become steadily profitable, as a forex trader, as people take going through medical school. (And to be honest, I started with some advantages that few people have available, so I wouldn’t be at all surprised if on average, trading successfully actually [I]takes longer[/I]. Not to mention that the “fail-rate” at trading is astronomical, compared with that at medical school.)

Absolutely right but trader requires money to start trading which a doctor can save through his service and start trading with the savings in the free time, but doctor’s might not be able to spare free time i think so…

Lol, but I really get your point and the detailed information you provided. Never even knew about some of the things you mention, your point is quite succinct!

Yes, it is worth it. But perspectives can be changed depending upon one’s preference. Forex trading can be best suited for those who are risk lovers. As in this business there are likely chances that you will lose what you have invested. Deep in sight, skills, knowledge and confidence can help become a successful trader.

‘Thousand bucks a week’? Very modest of you :slight_smile: Well, if you can get to the level where you earn $1000 a week then it is definitely worth it.

This is already profesional trader I think can making thousand dollar a week, I think capital that required also more than million dollar, different with retail trader only get small profit as dime money and sometime fail and losing money

Not at all, Bearish.

Basic arithmetic shows how far out you are: if you take a trader making just 5% per month, and assume only 4 weeks in a month without intramensal compounding, then that’s 1.25% per week, so $1,000 would require $80,000 capital. That’s rather a long way from a million! :o

The answer is no. A real trader can easily double up an account in a month, If he decide to take the risk by utilizing higher margin. Gaining say 10% return a month is probably not worth the time. You can easily burn 100% of the equity the following month when you go on tilt. The amount of time required to attain such profound level, i’m beginning to realize that it seems 24 hours a day, until the day you die or stop trading permanently. What kind of life is that? A PART-TIME consistent profitable trader. No such thing.

If you are wondering whether you should get into the forex market, that is makes sense. Because we know that this is the largest and rapidly growing market of the world. Anyone here can be easily confused by watching its enormous shape which is spreading all the time like universe. This market is the choice of big players such as hedge funds and institutional investors.
In this gigantic market how can you trade the currency without knowing some of the major milestones that helped to shape the market into what it has become today. That is mean you must learn first. The knowledge is all matter in this sector. Then spending in this business your time and money will be worthy and countable.

I am glad that you’re saying this because people often severely underestimate how long it takes to learn to trade profitably. It’s like another university education – it takes as long, if not longer, as much effort, often it takes as much money (as one blows account after an account) in order to get to that point. People install a trading platform and think that in a few months they’ll be rich and it couldn’t be further from reality.

The longer I trade for, and the more I see other people learning to trade, the more I agree with this. :cool:

That realization hit me maybe about three years into my learning process. I was going through another university education – all by myself, without any teachers, and I was investing my money in it. It was a very sobering thought.

Yes, you can profit a lot of forex, but you do not have the risk and enter a small contracts Anta avoid losing your entire account