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Avoid forex trading?

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dodogtg

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It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.

Linkback: https://www.forex.zone/forex-education/29/avoid-forex-trading/974/
#1 - February 08, 2019, 09:03:39 AM

Tahajud

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That's right and I totally agree. if we benefit by accident or without clear planning or even without knowledge, it will become a habit and will make us lazy to learn and improvise. So that in the next trading we will expect a coincidence again



#2 - February 08, 2019, 03:22:14 PM

zhamal andreal

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Quote from: dodogtg on February 08, 2019, 09:03:39 AM
It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.
right, I really agree with your quote above because if we succeed in making a profit without knowing it is just a coincidence, it might be lucky, but if we can find out the ins and outs of the benefits we can make every day
#3 - February 08, 2019, 03:25:27 PM

Black_Koujee

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Quote from: dodogtg on February 08, 2019, 09:03:39 AM
It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.
Of course, yes
Because without basic knowledge about forex, we will only guess the truth, and that is not very good. Maybe for a number of occasions we will benefit when of course we are lucky. But what next?
Will it only rely on luck?
Forex is not a short business. Forex is a long-term business that can make a lot of money if we can manage it well
#4 - February 08, 2019, 06:10:58 PM

Kirinkato

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Quote from: dodogtg on February 08, 2019, 09:03:39 AM
It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.
besides that in my opinion there will not be anyone who can consistently get profit without understanding the basics of forex. avoid forex trading without learning their knowledge. besides gambling, of course the results will not be perfect.
#5 - February 09, 2019, 12:48:38 AM

ariezz

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Quote from: dodogtg on February 08, 2019, 09:03:39 AM
It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.
I tend to agree. In forex trading it is indeed not recommended for people who do not have the skills and experience in their field because we know that forex is one of the most risky businesses, in every broker there is a warning about the risk of investing in forex.

So to be able to run forex trading well we need to learn and practice and have a profitable trading system and trained psychology.
#6 - February 09, 2019, 01:59:21 AM

Fxortrader

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Quote from: ariezz on February 09, 2019, 01:59:21 AM
I tend to agree. In forex trading it is indeed not recommended for people who do not have the skills and experience in their field because we know that forex is one of the most risky businesses, in every broker there is a warning about the risk of investing in forex.

So to be able to run forex trading well we need to learn and practice and have a profitable trading system and trained psychology.
in Forex trading, it is very high risk, for newbies who have just joined should be careful.
#7 - February 09, 2019, 02:16:39 AM

Nendi71

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Quote from: dodogtg on February 08, 2019, 09:03:39 AM
It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.
if my opinion is true, we should always be ready with all the conditions when doing this forex trading business because this business is full of risks and very long to master it to maximize that profit,
#8 - February 09, 2019, 02:24:33 AM

dodogtg

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Quote from: Nendi71 on February 09, 2019, 02:24:33 AM
if my opinion is true, we should always be ready with all the conditions when doing this forex trading business because this business is full of risks and very long to master it to maximize that profit,
Remember just 10% will be success on forex trading. Buy why we always found new trader come without knowleage. That why i call is gambler 
#9 - February 09, 2019, 02:56:31 AM

Lordmishi

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Quote from: dodogtg on February 08, 2019, 09:03:39 AM
It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.
Im totally agree with you, trading forex before learn how to trade or dont even know what forex is, is the same with gambling. Im not recommended it at all, You better read before you use, its the same when you drink medicine
#10 - February 09, 2019, 06:32:48 AM

aizafx

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Quote from: Fxortrader on February 09, 2019, 02:16:39 AM
in Forex trading, it is very high risk, for newbies who have just joined should be careful.
Sure, forex for newbie they need to practice through demo account for first learning practice, with demo account although losing all capital, usually broker giving capital in demo account at least 5000$ but we can adjusted if register through mt4, if losing all these amount will not make trader become stress, because only virtual money
#11 - February 09, 2019, 07:18:42 AM

rinshei

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Quote from: dodogtg on February 08, 2019, 09:03:39 AM
It is better to avoid making profits without knowing the basics of knowledge about
the ins and outs of investing in forex trading. Because you will gamble inside it.

do you agree with this opinion?

let's share.
may be useful.
yeah, i used to be like this too, some people say it was a newbie miracle, but after time to time, i suffer many margin call and try my best to learn the basic so i wont gamble anymore, the more i go into forex the more i know what forex is, its better we learn than gambling
#12 - February 09, 2019, 09:53:07 AM

Aaronpp

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Perhaps if you need advanced knowledge of the market, it is clear that not everyone can do it and if you do not have the motivation it is preferable that you do not do it, but trading in currencies generates absolutely amazing profits, especially experts who trade in weak currencies because knowledge about them must be very advanced to understand them, because these are the least traded worldwide and also because their value is constantly changing, it can be influenced by any social sphere on the country belonging to or having some relation with the currency but the profits for those who manage to study and understand it are very high, even bigger than the most expert who trade hard currency.
#13 - August 27, 2019, 07:58:41 PM

Forexin

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Avoid forex if there are no skills, beginners need to practice through a demo account before entering real trading in this very effective way to get trading skills.
#14 - August 11, 2020, 03:24:32 PM

Jatsun

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I agree with the statement avoid forex trading if you don't know the basic knowledge.
Even though you can get a profit, it's just luck.
Trading without knowledge will only end in losses, it is impossible to get a consistent profit.
#15 - August 13, 2020, 01:32:58 AM
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