Why do traders find it difficult to make money?

Discussion in 'Forex' started by Waylen, Aug 5, 2024.

  1. LMFAO HAHAHAHAHHAHAHAAHHAHAHAHA

    Man, this is FUNNY FUNNY

    @Overnight what in the world is wrong with you man? You are FUNNYYYYYYY man. LOL hahah
    just talking crazy everyday to traders.

    You need some money @Overnight from trading man.

    Making money in trading will make you feel better.

    Have tried practicing SIM trades to improve your trading?
     
    #141     Dec 29, 2024
  2. Alexis_0

    Alexis_0

    You’re right that forex can be challenging, especially with commissions and inexperience. Success often requires a deep understanding of the market, risk management, and patience. While the odds are tough, with consistent learning and disciplined trading, it's possible to overcome the challenges and become profitable in the long run.
     
    #142     Dec 29, 2024
    Goldlover likes this.
  3. Overnight

    Overnight

    Baron and I have an understanding. It is beyond your ken.
     
    #143     Dec 29, 2024
  4. For sure, totally agree. Forex isn’t easy, but with good risk management and sticking to the process, it’s possible to get there.
     
    #144     Dec 30, 2024
  5. Waylen

    Waylen

    You're absolutely correct. Forex is a challenging market with inherent costs like spreads and commissions. Combined with inexperience and insufficient preparation, many beginners face losses. Education, disciplined practice, and risk management are crucial for improving odds of success.
     
    #145     Dec 30, 2024
  6. Forex is tough; success needs education, practice, and strong risk management to overcome costs and challenges.
     
    #146     Jan 2, 2025
  7. shine

    shine

    Also, the difficulty in making money on Forex may lie in the wrong choice of pairs for trading according to your experience and skills. That is, when, for example, a beginner immediately chooses highly volatile pairs for trading (for example, XAUUSD) in order to earn more quickly, without the necessary experience, he will only quickly lose his deposits. Therefore, it is important to set real and achievable goals, having first learned to profitably trade less volatile and smoother instruments such as EURUSD, which also have minimal spreads (for example, my broker fxopen has a spread of only 0.1-0.2 for the EURUSD pair), and only then, according to your experience and skills, move on to trading more volatile pairs with the opportunity to earn more.
     
    #147     Jan 22, 2025