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I think in a way to get money fast in forex business, besides must have a good strategy, should also be able to control emotions. as a good strategy though, will not be able to deliver maximum results if not accompanied by emotional control and money management wise.
Well I would say yes for those who can keep their minds calm and can be really patient and satisfied. But if a trader is not calm and satisfied it would be really difficult for him/ her to overcome the loss and be a good trader.
You are right...forex trading is not design that you can earn money with your day one trading. Forex trading needs more careful planning...good analysis of the market and most importantly you need to develop a good system to beat the market...with out those I mentioned here...you will get nowhere in forex market.
It all depend upon the trader who can earn good money in short time through his hard work and through his sharp mental capability. Forex trading is a business which is really not easy to do and most traders fail in most of their deals. I have been involved in this business for about last six months but still struggling to earn good money.Quote:
Originally Posted by wolfkamikaz
forex is always a quick way to earn money but only if you have knowledge then and i must say that most of the traders always loose money because lack of knowledge so they must have to come with some prior knowledge.
many people say, with our forex trading can be a get rich quick. but this trade is very high risk. the basis of basic traded possessed, disciplined control our emotions and psychology of managing money well, it will very likely be making profits in forex trading. and consistent discipline is the key to making gains in trade
yes i agree.Nothing can be done in one day.Quote:
Originally Posted by sagar
but if we plan and trade then we can earn profit easily in short time.
for a newbie we need all of these thing: the demo account, expert advice and all. The demo account helps you master the art of trading, makes you understand the market environment, helps you learn how to forecast, make plans and implement the plans . that is the way to make money.
I agree that forex is an easy way to earn money. if we could do with a good strategy and MM, of course, can get money easily. but unfortunately, many traders trapped. they are too busy to get profit without thinking of a very big risk.
agar ham forex main tik tarike se trading kare to ham forex se acha pesaa kama sakte hai.
forex main trading karne k liye ache rules or strategy banani chahiye.
or trading karte waqt emotions or greed se dur hi rahna chahiye.