Yes forex is simple business that only need to buy and sell currency with touch button buy and sell option, but hardest because making profit in trading is not easy, isn't?
some talk about stocks, others talk about futures and another talks about forex. You all know it's not the same, right ...
At least on Indexes , you get no banks killing up trends , on forex banks have many trend breaking transactions and what looks like trend are only imagination .Put real money on gambling on forex. Most are just button pressing clerks Stocks can appreciate 400 % over 10 year
How many traders do you know that would hold on to their long position when they're up 100% or 50%? As you know hind sight is 20/20 ...
They will bank the money early and fast .When they get certainty of profit , they take fast , and not wait for profits tat may not happen. Most humans can not do this , it is phsychological , because they rather take profits , to make up for their other losses .Even a small profit , is doing the right thing , in their need to be right. https://www.elitetrader.com/et/thre...need-to-be-right-in-trading-decisions.304141/ http://www.businessinsider.com/colin-camerer-wins-genius-grant-2013-9?IR=T
If you have cash, when should you invest it? Should you invest now or wait? Market timing is an intriguing concept. The dips in the market are so painful, that if you could simply side step them and only own stocks at the time the market is rising, perhaps by moving your contributions to your portfolio back a couple of months, you can save yourself a lot of pain.