Forex is money sucking machine?

[sgoythale]

yes, i also believe in the same thing because if we can't afford to provide for our trading account we must somehow work hard
to earn the right to get that money. posting useful and informative discussion on this forum is also one way among several different ways.

[manish]

i agree with what you just said. hard work and continuous learning is the key to improve our trading skills.
and when our trading skills improve our income/profit from this business will also improve.

[aruna]

these days there are many place on the internet where you can take forex information or any other forex tips or
strategies because many people are already interested in forex trading so it is abundant. but you must be careful and select the
one that suits you because not every trading strategy suits everyone.

[manish]

i agree with you. it seems that beginner trader think of forex trading just as a quick way to make money online so when
they don't make money quick they will leave this business and never return. forex is really a quick way to make money
but it requires time and effort to achieve that level.

[sgoythale]

forex market is a very huge market and there is really no other market that can be compared in terms of daily trading volume
because it reaches 4.1 trillion dollar in a single day. so it means this market is very active and also it runs 24 hours a day.

[aruna]

of course stop loss is important for traders because it can help the trader to not worry after entering a position and putting the
stop loss level and also it can help the trader to cut the loss and not lose too much money because of bad entry position.

[sgoythale]

losing money is not good and will make any trader feel disappointed especially when we already make analysis
before placing a trade. however, we must realize that in trading we will encounter loss so we must be able to recover from our disappointment quickly.

[aruna]

if you think that $400 is too much for you then you can just simply divide it into several trading accounts and or you can
use small lot size so you don't have to lose or risk too much from that account. i believe there are other ways to do this...

[manish]

withdrawing money in this business is not as hard as in other types of business because the forex broker usually offers a variety of
ways to deposit or withdraw money from e-currency to payment processors. so withdrawing is easy.

[manish]

what you say is very harsh but i can see the truth in it. i think the fact that forex trading can be entered with fairly little to no cash at all at first.
there are various ways to earn capital such as participating in this forum. but definitely this market is open to every individual as long as they are determined to succeed.