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Forex Forex is very complicated

Discussion in 'Forex Forum' started by Robert D, May 14, 2020.

  1. Robert D

    Robert D New Member

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    Mar 28, 2020
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    UK
    Forex is very complicated. It's extremely hard to be profitable in Forex. It may look simple from outside yet the person who do it knows all the weight and inconvenience that he gets in for doing it productively. I am fortunate that despite the fact that I had no related knowledge or learning I was as yet ready to pull off everything with [removed] on the grounds that they have astounding instruction program that I take after and comes about are quite recently mind blowing without paying a penny of hidden charges.
     
  2. Diego San

    Diego San Member

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    Dec 10, 2019
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    US
    Emotions are very dangerous in forex trading. If you control your fear and greed, your trading adventure isn't over. The next biggest challenge is facing the ego. In the forex world, this can be described as the desire to be right about market trends. It is important to understand that every human has an ego. Making the right trading decisions can significantly increase self-esteem and even provide a sense of self-worth.
     
  3. Lavinia Schiavone

    Lavinia Schiavone New Member

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    If you don’t have knowledge about forex then it will be quite difficult and complicated for you. Trade with strong knowledge is very important for a trader. A reliable broker and strong knowledge can easily make you earn profits. I trade with [removed, pay to advertise]. They are a very reliable broker. Their endless supports always make me pleased. They never make disappointment to their client. They take no additional charges while withdrawing money. They provide minimum spread and maximum leverage.
     
  4. Mark Ford

    Mark Ford New Member

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    If you are thinking to start trading in forex, you should know some basic rules. Everyone enters into the market to make profit. Without learning about forex, you can not make profit either. You can learn about forex from many ways. You can learn from the professional traders. You can also open a demo account. It will help you to learn all about forex practically. When I was starting forex trading, I also learned the basics from the demo account of [removed, pay to advertise]. They are very supportive and by their demo account it is very easy to learn forex trading.
     
  5. Elijah Marks

    Elijah Marks Member Founding Member

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    Occupation:
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    Chicago IL
    Forex is anything but complicated, the price goes up, and the price goes down, Chess is complicated, Forex is nothing like complicated.
     
  6. Nortpole

    Nortpole New Member

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    It is easy to trade Forex when you have studied it and practiced. Do not start with a live account if you haven't done that.
     
  7. form200

    form200 New Member

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    Helsinki
    Forex is not easy and it's complex, but with that being said one can definitely succeed in the market. If you put your mind to it and do the needful, success will come.
     

  8. Coffee22

    Coffee22 New Member

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    Simple fact, you can't avoid this. You must learn and continue to learn because the market is ever evolving.
     
  9. TwoUp

    TwoUp Well-Known Member

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    Forex is typically you betting against the house that controls both the price and the spread when the spot price shifts against them.

    Imagine having your very own Forex casino where you take the punters money and both delay or whipsaw the prices AND expand the spread when the underlying spot price moves against you. You simply can't lose, the punter can't make a profit until you make profit in the real maket to cover the gain less your margin, the punter is always paying too much or selling too cheap, while you the house is arbing against all your customers and the market. Brilliant.

    Better to focus your energies in regulated exchange traded markets, for example currency futures, if you must.
     
    Last edited: Apr 15, 2022
  10. Coffee22

    Coffee22 New Member

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    Well said, this is why say you have to concentrate and put in a lot of work in the market else you end up giving away your funds with no returns.
     
  11. Nathan

    Nathan Member

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    Forex trading for beginners is hard, it requires hours of time every single day in order to stay updated on the news, new strategies and all the material that is needed. But it gets better with each passing day son long you continue to apply efforts and consistency.
     
  12. George45

    George45 Member

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    Most times forex is not that complicated, we cause our own problems. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that forces forex traders to take on such huge financial risk which leads to problem.
     
  13. Nathan

    Nathan Member

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    I couldn't agree more, most times we just are the architect of our problems. We just have to take things slow and understand the market more before we make decisions.
     
  14. George45

    George45 Member

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    Exactly, in fact most times we keep repeating same mistake over and over again. Our emotions shouldn't get the best of us.
     

  15. Nathan

    Nathan Member

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    Sometimes though it's not really easy, but we just have to try.
     
  16. chongjasmine

    chongjasmine New Member

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    Forex may be complicated, but it offers a higher chance of profits than gambling in casino if you know what you are doing. Practise with demo account until you are good and then go live!
     
  17. FXtimur

    FXtimur New Member

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    Forex is indeed quite complicated, but in trading, we can simplify it, the easiest way to trade forex is to use stop loss and take profit. Traders can take advantage of short-term market volatility to gain profits by scalping.
     

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