Is it really that easy to make money?
1 Like
No. It’s not.
1 Like
It really isn’t. Notice that many brokers are now required to tell you how many of their own traders are profitable. That number historically speaking is very low. In the past it was thought that only 5 in 100 traders were profitable, but the real world stats being offered by brokers, anecdotally, point to a bit more success. I’ve seen brokers with profitable traders in the low 20% range, but for brand new traders, that number is in the single digits to low double digits.
The YouTube millionaires are a few out of millions of traders. Most traders in my experience take years to become profitable. The majority I have met aren’t solely reliant on trading profits for income.
So start your learning journey now. It really is a journey, with ups and many downs along the way.
1 Like
FX is a speculative venture. If you gamble and get lucky, you’ll make money one day and lose it the next. The big issue is that because it’s simple to press buttons, there are many broker apps on social media showing young handsome people smiling at their money gains.
That’s far from reality, as FX trading is never, ever, easy. Quite the opposite in fact. If you want to become successful, educate yourself first by pressing the green button above to begin months of hard work.
best of luck.
The short and correct answer is: No.
The long-ish answer that requires reading is this lesson from this website:
2 Likes
No, it’s not easy to make money in the market. You have to work hard to be able to reach your financial goals without any hassle.
It surely is not. Trading may seem easy but it requires a lot of strategies and discipline. It is as difficult as earning money here and it is in any other profession.
not easy. making money in forex akes a deal of patience, with good strategy
No, it’s not easy. Forex trading is very difficult and it takes a lot of hard work and patience to make money from now on. I made a lot of losses when I joined the new trading but never broke down. I went on to learn from the loss and covered some of that loss at the end of the day. So it is possible to make a profit if you have to keep the goal right and move forward.
why do you want something to be “easy”
1 Like
It’s not easy at all. You need a lot of patience, dedication, work hard in order to become a successful trader. It is not a short journey, it is a long journey and the more you practice the more will be the chance of getting success.
Its not complicated to make money from trading but it demands a profitable strategy. These can be found on the internet and practised through a demo account with no cost or risk. This takes time. Trading with real money then needs to be carried out with small risk per trade and very tight discipline, so early returns are small and slow.
By this point, most new traders have already wiped themselves out trading off 5-minute charts.
The high percentage of failure does not mean that trading is difficult.
1 Like
I agree with you and I have gathered a lot of information from the post.
No, it’s not. It is as difficult as any other business that you would have taken up. In fact even more, what with the unpredictable and highly volatile nature of the market.
It’s all about hustling! If you’re willing to put in the required amount of work to make money, then there should be no stopping you from doing so! With a little bit of luck, hard (plus smart) work should pay off in the future (near future if your luck is amazing).
1 Like
It’s never easy to make money.
1 Like
If you can follow the right teacher and catch the trend, I think it is easier to make money. The important thing is to see how you choose
Maybe the question should be, “Why is it so hard to make money?”.
Consider this. Suppose you have a strategy which is not highly effective -
- it only scores a 55% win rate
- you take profits early, you only use a r:r of 1:1.5
- you are conservative with your capital, so you only risk 1% of your account capital per trade.
At this rate you will double your account in about 120 trades.
Why am I not doing this?
3 Likes
It comes slow, and leaves quickly. Money is both terrible and wonderful. Discipline drives a wedge between the two.
If it would be easy then we have no poverty at all. It’s not as simple as many people think. I guess that the main thing is that we shouldn’t consider money as something sacred and unattainable. Money is just a tool for reaching the freedom of actions.
Speaking about trading, I can note that it’s not easy to make it here, you have to be prepared for losses mentally, because they are the part of your learning in trading, not even learning, the part of trading at all, because even professionals lose their money. Market is a strange thing and only with a help of thorough analysis you can reduce the risks of going negative, but not get rid of them.
1 Like