Necessary things to take note about forex trading

[Chibson]

Yeah, anyone who is interested in investing in the forex market must understand that it is not a get-rich-quick scheme. It requires consistency to be successful.

 

[flower]

It is a Myth if you think that you can make success by 100% in forex trading.

 

[Stardom22]

It's important to know that, no strategy or approach can guarantee 100% success in forex trading. Traders should always be aware of the risks involved, and they should never invest more than they can afford to lose. It's also recommended to gain knowledge, skills and experience through education and practice with a demo account before going live with real

If that is the truth of the matter then how do you differentiate the Forex trading from gambling. Because in gambling there is no one that really know what the outcome of the events would be.

 

[Sophie]

Before investing in forex trading one ought to have a bulk of money and capital to because everyone knows that forex trading is risky and back up is necessary because of how risky

 

[Bisolami]

That demo trading of a thing. I had a friend who practiced it for three months, thought he had mastered it but still lost heavily on his first real attempt.

This is why it is important to have a mentor apart from the fact that you are good at demo trading

 

[Chibson]

It is a Myth if you think that you can make success by 100% in forex trading.

it is not possible for you to make profit all the time from any kind of business. Sometimes you lose and sometimes you gain but let your gains be more than your losses.

 

[relcap23]

Forex trading looks very sophisticated to me and requires big investment before one can earn. It's something that I cannot monitor and I lack sufficient knowledge so I will not consider it now, though I have an open mind to it.

 

[Stardom22]

For me I would say that, Forex trading is also not for everyone. This is because there are people traders out there that have all that what is required for them to excel in the venture but still making constantly losses.

 

[Chibson]

Forex trading looks very sophisticated to me and requires big investment before one can earn. It's something that I cannot monitor and I lack sufficient knowledge so I will not consider it now, though I have an open mind to it.

It is actually sophisticated just like every other financial market. you need enough knowledge before you can be able to make any more money from the forex market.

 

[gammarays]

Anyone venturing into forex should have the necessary knowledge and experience. Live trading experience is important not just demo trading. Forex is highly volatile so every trade must have a stop loss.

 

[Stardom22]

If no strategy nor any approach can guarantee a a 100% Forex trading success and we are told to trade with the capital that you can afford to loose this means that a trader would be relying on their luck.

 

[Chibson]

Anyone venturing into forex should have the necessary knowledge and experience. Live trading experience is important not just demo trading. Forex is highly volatile so every trade must have a stop loss.

Probably, demo trading is actually different from live trading. in the demo account you will use it to get some experience but that does not mean you are good enough.

 

[uptrendfinancialsignal]

One very Important factor we need to remember when going into forex trading is that forex trading is not a get rich quick scheme. Many people end up loosing their capital simply because of these mentality.

It is very correct that it is not a get-rich-quick scheme and it needs a lot of experience.

 

[Chibson]

People who are only interested in making quick profit from forex trading always end up not being successful.
It can take you some years of consistent practice before you become profitable as a forex trader.

 

[Springtime]

Forex trading is a high risk investment but can be very profitable. I am considering hiring the service of a professional and reputable broker to do the trading on my behalf.

 

[Yohanna]

One very Important factor we need to remember when going into forex trading is that forex trading is not a get rich quick scheme. Many people end up loosing their capital simply because of these mentality.

Yes! You have a very good point because if you are seeing forex trading as a get-rich-quick scheme, you are definitely going to be disappointed.

 

[flower]

Yes! You have a very good point because if you are seeing forex trading as a get-rich-quick scheme, you are definitely going to be disappointed.

Forex trade should not be perceived as a get-rich-quick scheme because it is not.

 

[Chibson]

Before anyone goes into forex trading they must practice and learn a lot. Forex trading is lucrative but it is risky so proper practice is always needed.