I’m a very recent arrival so my perspective may be a little different? It really doesn’t come across to me as just a gambling forum.
But I take your point that some of the genuine, human members who aren’t here to sell or promote some service do have some very unrealistic expectations.
That’s not really their fault, though? It’s just an optimistic viewpoint constantly reinforced by all the vendors, marketers and affiliates, and this place certainly has far more than its share of those!
(Not to mention all the bots posting pure BS? I suppose they’re all paid-for posts for SEO purposes, tho?)
Trading is so hard because it is completely different from anything.
All the right thinking methods don’t work in the forex trading world.
So people feel difficulties in doing it.
But once you change your conventional thinking and get a proper thinking method, trading will be very easy for you.
It is hard because you are not told the truth. The truth is profit and loss is inevitable in trading. And from experience sentiments makes it very hard. But it can be fun and easy if you have practised or studied it for atleast not less than a year. I mean constantly reading in the first year and in the second year seeing the reality. You will then see how money burn and of course how it is made too. My advise is take another 1,2,3 months practising on demo accounts and when you are confident, you are ready or perhaps ripe to reproduce money as well as losses. But your profit will be more than the losses. Trading is for easy going. I mean if a girl shuts you out of her life, as a trader you need to move on and find another girl friend. If you are the type who can not live without your ex, then I am sorry don’t be a trader be someone else. If you drop or lose money and cannot sleep, please you are not a trader. Traders lookout for more trades, irrespective of the losses incurred. If you can play around with leverage, indicators, news, losses, profits, etc with ease the way Messi play with football, you are a trader. Thank you
Institutions dictate in the end and you have to do what they are doing. Trading is hard but if you learn to manage your risk properly, you can survive.
My 2 cents. Trading must not be hard. Learning HOW to trade definitely is. I think it’s just like swimming (I learned to swim as an adult, so I say this from a very personal perspective): when you know how to swim, swimming is not that hard. But when you are learning - and if you learn as an adult it’s even harder - this is the really hard thing. When you finally are able to, then you do your thing happily and peacefully. In swimming and in trading as well.
Learning a brand new concept and adapting to a new lifestyle is difficult also there is success and reward at the end. I have stared learning trading within 3 months time frame. I am still at the basics (fundamentals). Learning about terminology and technical analysis. I understand that this is a learning and psychology curve. I am an overthinker and over analyze things. So in order for me to be successful in this business of trading. I have to change my mindset.
Look about it differently, it’s not hard.
the only independent/retail traders i’ve ever seen or heard of claiming to be profitable with a 3:1 reward:risk ratio are people self-promoting and selling “services” to traders
there are all sorts of reasons why this is never going to work, and i don’t believe a word they say
Everything that is worthy in life is quite hard to achieve, but the satisfaction and returns from it is much more that form the things that you get for free.
So stop asking too many philosophical questions and just do it if you are passionate about trading.
There are multiple answers to this question. But I personally think that people are always believing the odd myths about trading or approaching it like a sporting bet, without patience. Yes the two spaces rely on patterns and watching statistics to make data-drive decisions but as money is always a touchy topic, most people tend to get emotional when placing trades, especially after a loss.
Trading for the majority of retail traders is so hard because of lack of true understanding of how the market works and what drives the market.
The market only changes price when buyers or sellers get aggressive and clear the current bid or ask pending orders.
A retail trading platform with candlestick chart doesn’t reveal such information to you.
And the major players in the market are institutional traders trading with huge volumes of money. These traders focus on what is happening in the news and the economy of each country.
If you want to be profitable you need to understand how to trade in the same direction as the big institutions.
It is a dinner table conversation, for me. I have a couple of friends, former colleagues who now both trade for a living, and I sometimes cook for them. They both have about this size R.
But never in forums, as you say.
This is how most trading forums come across, to me, really. It actually makes me wonder how many are really trading profitably …