Jump to content

Trading is a very risky job


Recommended Posts

  • 4 months later...

The Forex market is not always profitable. Keep that in mind. It is always dependent on how you trade. Take as much as you can from the Forex. It's not a case of less or more. Because it is not a fixed monthly salary. Slow profits are preferred whenever possible.

Link to comment
Share on other sites

On 7/15/2022 at 8:46 AM, Hanan Öberg said:

When a trader gets losses again and again, naturally a tendency of giving-up grows in him. But to become a good forex trader, traders must have strong dedication and passion because bolstered passion drives a trader towards success.

It will also be ideal if such a person take some step back retracing their trades to see where things went wrong, and they can't trade while doing this. So it will be wise to take a little break for learning and practicing more.

Link to comment
Share on other sites

  • 1 year later...

Due to mental condition and lack of trading knowledge Forex is a hard profession to face. Controlling emotion is difficult in forex and traders want to make money within the quick move of the market.  FXOpulence is a regulated broker, allowing traders with high leverage and narrow trading spread. The broker provides all indicators to their traders. The broker uses smart bridge technology so traders can smoothly handle trades during market volatility.

Link to comment
Share on other sites

Trading is risky but it is important to realize that you can choose how much you want to risk and adjust it on the fly depending on market conditions. You can add to or cut your trading position as well change stop lot size or close position altogether. These are the ways to manage your position dynamically and I use them extensively trading with Hotforex

Link to comment
Share on other sites

  • 4 weeks later...
  • 3 months later...

if you ask me everything is risky, depending on what we are risking, you got a job and you commute then you already are exposed to risks, health and financial. the same goes for trading, where the less u know the more risk u gamble on trades, which makes it easier to burn accounts. once you accept the fact that everything is risky it becomes easier to manage it no matter what it is, from trading to real life 😄

Link to comment
Share on other sites

The Securities and Exchange Commission (SEC) says that day traders "typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status. Securities and Exchange Commission. Day Trading: Your Dollars at Risk. Accessed Jan 3, 2024.

Link to comment
Share on other sites

Forex indeed carries very high risks, but they are proportional to its potentially significant returns. Therefore, it is advisable to manage and develop its management and capabilities so that one can trade optimally with Tickmill brokers in the future.
 

Link to comment
Share on other sites

  • 1 month later...

Yes, there are always risks in trading. But we as traders can reduce them. You need to trade with a small leverage and set the lot size in transactions according to the rules of risk management. We also need to choose a safer broker, which over the course of many years of operation has proven its reliability and quality of work like FXOpen.

Link to comment
Share on other sites

Forex trading is a highly profitable business when understood and mastered correctly. That's why it's important for us to study and comprehend it, so that we can eventually master all its workings correctly with Tickmill as our broker.

Link to comment
Share on other sites

All traders who enter forex trading surely know that forex trading indeed carries very high risks. That's why I continue to develop my management skills and understanding, so that I can trade effectively and profitably with Tickmill broker.

Link to comment
Share on other sites

  • 3 weeks later...
Posted (edited)

Many people make their trading very risky when they do not control the risks. It is clear that you want to earn a lot and quickly. But not everyone understands that big risks in trading include the possibility of large losses or the loss of the entire deposit.

Edited by Fin_Trader
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 👍 Join TopGold.Forum Now

    The Most Welcoming & Trustworthy Earning Online Community

    Join over 25,000 members and 700 businesses on their journey to strike GOLD. 💰🍾👍

    👩 Want to make money online? 
    💼 Represent a company? 

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

×
×
  • Create New...