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5 Facts That Make Not Comfortable About Forex Trading

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1. It takes money to make money
You certainly CAN start trading with just a little money. And bad traders can create large accounts that can easily become small accounts.

But trade is not a hobby. This is business. And like most businesses, capital is needed to obtain a large amount of profit. Don't expect to make hundreds of dollars per week with an account of only $ 50.

2. You must be at the right time
If you are serious about developing your skills and confidence in trading, you must trade when the market gives you the greatest opportunity. For most traders, this usually means trading London and New York sessions.

3. You will often make many mistakes
Because there is not a single system that can remain profitable through ALL trading conditions, even a mechanized system that has been tested must have made a mistake. Instead of focusing on winning, focus on learning the art of "feeling" the market.

4. There is no holy grail in trading
There is no "holy grail," or an indicator, method, strategy, or system that will generate forex trading profits of 100%. The key is controlling your risk. Because you can't eliminate it, all you can do is control it with the right risk management.

5. Trade is NOT for everyone.
There are many reasons why at least 95% of new traders fail.

For one thing, TIME, EFFORTS, and much PATIENCE is needed to continue to be consistently profitable. Those who can't or don't want to give all three are likely to find themselves between 95% before this year ends.



Linkback: https://www.forex.zone/forex-education/29/5-facts-that-make-not-comfortable-about-forex-trading/1455/
#1 - February 11, 2019, 01:24:23 PM

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this could be my consideration in pursuing a Forex business. thank you
#2 - February 17, 2019, 04:59:11 PM
« Last Edit: February 17, 2019, 11:25:25 PM by Mikser »

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I actually do this trading activity as a hobby, so when the learning and trading process that I do is what I like, it is not just a burden that must be done. My only opinion about trading is to enjoy the process, isn't there much money that can make money? so what is wrong with trading makes a hobby and the bonus is profit. but keep in mind that you must be careful when making trading hobbies and wise in using capital for forex.
#3 - February 18, 2019, 03:42:27 AM

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Forex trading is not suitable for everyone even though forex looks easy but it is actually quite difficult to consistently profit.
#4 - December 03, 2019, 08:11:19 AM

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all the points you mentioned are very true, every trader does have his own way so that he feels comfortable when trading, especially by managing risk, it will definitely make our account safe and calm mind.
#5 - January 11, 2020, 03:18:17 AM

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In my opinion it is an absolute thing that must be known and understood by everyone who wants to become a trader, but indeed these things often make the mindset shrink and misperception. In trading all these things must be dealt with properly so that we have a good mental and mindset to succeed in forex.
#6 - January 13, 2020, 02:15:19 AM

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Actually whether or not a trader is comfortable in trading depends on himself, whether he has followed the rules and plans before trading and whether we can choose the right time for trading.
#7 - February 02, 2020, 04:39:05 PM

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Do not let us trade in psychological and mind uncomfortable conditions because it will affect the accuracy of the analysis, so the 5 things we must try to avoid so as not to cause undesirable things when trading.
#8 - February 02, 2020, 05:04:23 PM

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If we want to trade comfortably then we should be able to create such comfortable conditions such as avoiding the 5 things and also prepare a clear and calm mind and a healthy body when trading, no less prepare the right time for trading.
#9 - February 03, 2020, 07:04:59 AM

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Many things that make us uncomfortable in trading and most come from our minds. A chaotic mind will definitely affect our mental and psychology and it will be uncomfortable and risky if we keep trading.
#10 - February 03, 2020, 10:43:30 PM

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the fact has indeed proven that in trading must have preparation in everything, including the 5 criteria that cause discomfort and ultimately will have an impact on inaccurate analysis.
#11 - February 04, 2020, 02:58:19 PM

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If we are uncomfortable when trading, then we can correct any things that make us uncomfortable and avoid them, indeed some of the things you mentioned often occur and make us uncomfortable when trading.
#12 - February 08, 2020, 04:15:55 PM

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indeed the fact that I've really experienced and psychology can indeed be volatile if one or a number of things are done including when we feel our trading system is not good or not profitable and want to change the system.
#13 - February 09, 2020, 03:24:31 PM

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These 5 facts are indeed true, things that can damage the comfort and psychology of trading are indeed very disturbing so we must try to overcome them well.
#14 - February 17, 2020, 07:14:35 AM

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These 5 things are indeed very annoying and most traders who are easily frustrated will often experience psychological disorders as you mentioned, very helpful and thank you.
#15 - February 18, 2020, 09:48:16 AM

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