Forex is simple? Back to list

Member SinceJul 08, 2021

Posts 324


Jan 11, 2022 a 11:20
The trading process seems simple at first glance. Beginners often carefully trade in the forex market, make some money, and therefore feel invincible. However, they take great risks and suffer huge losses.
People trade for a variety of reasons, some rational and some irrational. Trading gives you the opportunity to make a lot of money quickly. Many people view money as a symbol of freedom, even if they aren't sure what to do with it.
You can divide your time, live, and work where you want, and you don't have a boss telling you what to do. Trading is a great game that's like chess, poker, and a video game all rolled into one. People who like challenges are attracted to the forex market.
Risk-takers are attracted to it, and risk-averse people are driven away. The average person gets up in the morning, goes to work, takes a lunch break in between, drinks a beer after getting home, eats dinner, watches TV, and goes to sleep. If he has a little money left, he pays it into a savings account. On the other hand, the trader does not have a specific time frame and puts his capital at risk. Many traders are aloof, forsaking the certainty of routine and daring to leap into the unknown.

Member SinceJul 12, 2021

Posts 314


Jan 14, 2022 a 13:41
No, Forex is not simple, at all. However it is not impossible either - all you really need is persistence and time to learn, and re-learn from mistakes too. It is important to move carefully in your experience as a trader and that your decision making process is as rational and as well informed as possible. There is always going to be risk - so you need to practice a good strategy and proper risk management.

Member SinceAug 09, 2021

Posts 347


Jan 16, 2022 a 15:36
Forex trading is the most popular form of international trading. It is easy to trade Forex because all you need are two currencies - one for buying and the other for selling. The most basic thing to know about Forex is that, in general, prices go up on currency pairs when there is more demand for that currency and they go down when there isn't as much demand.

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