Forex is not a quick way to make money, if you know little about it to start off with. It could take months or sometimes years, of practicing with virtual money before you should try real money.
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Forex is not a quick way to make money, if you know little about it to start off with. It could take months or sometimes years, of practicing with virtual money before you should try real money.
I agree as well, there is nothing such in forex that make you rich quick, rather the more profit you trade for the more risk you are gonig to face, wise trader grow slowly by earning decent profit but with certain safeguards like risk management and capital management and earn conssitent profit.
I do not think so, forex just a process just to get success. many traders who give up because it was so many years he was never consistent profits or even losses. but as long as we want to continue learning about forex I could bring riches
Forex trading is very risky. So, there is no need of discussing, quick way or slow way to earn money. In case, if you try to earn money, then go for slow and steady. Always use small lot size with correct entry and exit point. Long term trading is the way to make money.Quote:
Originally Posted by wolfkamikaz
Forex is the quickest way of money as well as losing money also. if you want to earn in the forex trading then you must have to remember one thing that is you do not think like that you have to make lot of money in short period of time.
large losses in the forex is a natural thing because comparable with the profit that can be achieved. but we still have to use wisely mm so as not to get carried away to quickly obtain large amounts of profit and wealth with a briefQuote:
Originally Posted by nikhil_rrane
get some loses is natural and normal, get profit is good and get profit with consistent is the best...Quote:
Originally Posted by sinjiku
so we just set our goal here with learning and practicing with harder
and some loses is a good thing for the trader to learn forex with well and control theirselves
Forex is not a quick way to make money a it takes lot of time, efforts and hard work to achieve success in forex and to be able to make consistent profits from it.
I would say forex is the quickest way to make money online and legally too, provided one should have a good knowledge of the market and a good trading plan/strategy. But the problem is gaining that knowledge and understanding the market is not a child's play. It requires hard work and judicious use of our valuable time.
A lot of people get into forex trading because they thought that it is the easiest and quickest way to make money. Sadly to say that it is not as rosy as they thought. It need knowledge and experience to be successful in forex trading. All this requires hard works, determination and time.