You learn a lot, win or lose (financial wise) from Forex, just like many have said it takes time to be profitable in the long run.
Itâs back to the trader himself, you could learn many things from your trading no matter it is profit or loss condition. Thatâs why, traders should prepare trading journal to help him in making evaluation about transaction which has happened. It is right that you will need time to become expert traders who can gain consistent profit, I think itâs happening in every business, you will need time to become expert in certain business.
I can agree with that statement. I myself have a hard time sticking with journals thatâs one thing I wish I could have changed looking back on everything. I wish I had more trading knowledge but then again is there every really enough? In a market such as Forex everything is always changing and no two days are alike. You always have to learn and adapt.
It is good to get a lot of knowledge about trading but knowledge will be useless if you never tried to implement what youâve read and learned theoritically into real trading. Traders need to trader personally in order to get experience and you can understand what you have read and learned in theory easier than you only read it without doing it. It is true that traders need to keep on learning and develop theirself.
Learning is a never ending process in our life time and same is applicable for the forex trading business as well. Thus, traders should always keep themselves updated with the current market trend for making good money.
Although thereâs a disadvantages in forex trading, a good forex trader could minimize them by proper knowledge and building a great strategy in their trading. Never stop learning, especially to evaluate your daily progress in order to improve yourself.
There are so many advantages and disadvantages in the forex trading. I want to mention some of the advantages and disadvantages. Forex has some of the features that doesnât have in the stock exchange market and it is easy for the trader to trade. But the disadvantage is that if anybody doesnât have the efficiency about trading and not have knowledge then he or she can loose his or her money.
Yes, youâre right. There is no stop learning in trading, same with another business too. If you donât learn anymore so you could be left behind by other traders, same with business too, if you donât try to learn something new in your business then your business can be worse because there will be another business which will beat you. Same with it, if you donât learn anything again in forex so another traders could be better in making analysis and gaining profits.
Yes, youâre right. There is no stop learning in trading, same with another business too. If you donât learn anymore so you could be left behind by other traders, same with business too, if you donât try to learn something new in your business then your business can be worse because there will be another business which will beat you. Same with it, if you donât learn anything again in forex so another traders could be better in making analysis and gaining profits.
In the business of Forex trading what is more important for us as a Forex trader is that we should know about the markets and keep our-self updated with what is happening in the markets so that when we are trading we can use that knowledge.
And we do have many such trading opportunities where the right kind of knowledge will help traders in getting into good trades 
AgreeâŚ
A good opportunities come to a good trader whoâs always improving their trading systems (knowledge, market analysis, knowledge, etc). The more knowledgeable, the more chances to earn income in our tradingâŚ
Forex not gives you surety of earning here you have to find your share of profit with your trading skill. I find forex useful because I can trade any time . This market had risk reward opportunities . You should be aware of disadvantages too when join forex . I know this reality so not worried about loss.
The biggest advantage of forex trading is also its biggest disadvantage - you are responsible for your own trading, your own decisions, your own profits and losses.
There are many advantages of forex trading tat attract people to join it . As profit making , 24 hours availability of market and freedom of work. And major disadvantage is that this business is much risky one cannot avoid this risk.
What to say about ForexâŚ!! Earning money at home without any boss and time restriction is the best thing you will find in Forex. There is no target to achieve, earn what you want or leave.
The downside is that if you trade fulltime from home in that manner you are fully responsible for your income. That can put a lot of pressure on oneâs psyche.
Forex trading has resulted in huge gains as well as losses. Losses have been incurred due to various reasons including using higher leverage ratios in risky trades, which led to the magnifying of losses a lot more than the amount actually invested. Another important factor to consider while trading forex is choosing the right currency pairs. Choosing highly volatile currency pairs may be more risky thereby resulting in losses.
Exactly mate; a number of traders try to learn so quickly; as a result you know here; almost 90% retail traders are struggling.