Is Forex "Hard work" or "Smart Work"?

**nurulhudaforex** · 2013-03-01 10:17 AM

Yes it is a smart work,but hard work because the analysis of market is very hard and there are many mathematical technics to make profit quickly.

**muhin_123** · 2013-03-01 10:07 AM

I think forex is a hardwork and smart work both.if you hard work on forex,you can success in little time.and you can start this business in any time and any corner of world.

**mianshabbir** · 2013-03-01 09:51 AM

Many traders don't win because they try to hard with their forex strategy, however there is no correlation between the effort you make and the profits you earn.

Let's look how to work less on a forex trading strategy, work smart and make bigger profits.

1. Your method

Forget complicated methods simple ones work better and the top trading systems in the world are based on just a few indicators.

A simple system is more robust than a complicated one and another reason for a simple system is that its:

Easier to understand.

This gives you confidence so you can apply it with discipline an essential element of trading is to stick with your system through losing periods.

Many traders get frustrated with systems they don't understand or are to complicated and chop ad change - don't make this mistake.

A simple system based on sound logic is all you need.

Don't tick watch

Many traders watch the markets all through the day for hours.

There is absolutely no point in doing this all short term moves are random only watch the prices once a day.

2. Trade longer term

If you day trade you will lose (as we have said all short term moves are random), trading longer term means that you will only need the close.

3. Applying your system

If you have a simple system its going to be about 10 minutes a currency to decide entry and exit levels so that's around 30 minutes a day. Place your orders set your stops and that's it.

So how long does it take to do your forex trading strategy?

Getting a system that suits you is the longest part and we have given in the past advice on how to do this.

It doesn't take that long however and about a week or two is all you need to get one sorted, then its under 30 minutes a day.

Big profits

Once you are in big trends you can sit back for weeks or months and watch profits pile up. If you are wrong you are taken out on stop you set and that's it.

Trade sparingly

Only look for the best risk reward trades on breakouts, that could yield big profits and don't look to do marginal trades.

The big trades per currency only come a few times per year so be patient.

That's about it.

There is no correlation between how much money you make and the time spent on trading in fact the opposite is true.

You need to work smart not hard on your forex trading strategy - remember that.

FREE TRADING PLAN PDF + OTHER ESSENTIAL TRADER INFO

**aarijch** · 2013-03-01 09:45 AM

forex is not the hard work is samert work because forex trading can work with smart mind we can earn a lot of earning with little money with smart way

**kfj86h** · 2013-03-01 09:25 AM

I think it is a very good and smart online work in this we need hard work and regular then we can earning Working smartly alway.if we think so we Will not find a smart business..

**sadi mahmud** · 2013-03-01 09:17 AM

yes i agree that forex is a very good smart online business but ti be smart in decision making to open a trade you must know more about forex and for this hard work is also important,in fact to be successful in any kind of task in the world you should be hardworking,there is no shortcut to have success in the world.

**a.k** · 2013-03-01 01:01 AM

in my opinion forex is hard work so here if you want to earn well and good then working well and hard in forex trading and get good success in forex so more you learn well more you earn well but here working is very hard and forex is also a risky business so here first learn well and and get good knowledge and good experience about forex trading and then working well and get good success,

**markint** · 2013-03-01 12:55 AM

I also think that to be a good trader is required to be smart, but I also believe that also must involve of instinct... I don't know, That's something that I believe, perhaps I'm wrong...

**nkem** · 2013-03-01 12:49 AM

forex trading is a combination of both hardwork and smart work. you work very hard in analyzing the market and you must be smart to see when your analysis is not working and change direction.

**Empress** · 2013-03-01 12:32 AM

Currency dealing is very intelligent work. if you have appropriate techniques. resources & signs then you can absolutely become a good investors. we can making and working intelligently always