Forex Trading Is A Lifelong Skill

[LANCELOTT]

Can I have the ability and the chance to double my account probably three times a day, but I think this will take a lot of skill for me to do so, I'm also looking forward to adding some useful pieces to my puzzle on my Forex Trading account.

 

[Zerologic]

My trading in the forex market only flows with efforts to make a trading plan and be loyal to it, however, losses are sometimes inevitable because of the dynamics of the market, the most dramatic and hard thing is when fighting with own desires, getting a profit three times a day is possible for expert traders, however, it seems very few can do so.

 

[David79]

Making profits three times a day isn’t easy! From what I’ve experienced, it really depends on the market conditions and volatility. Having solid experience definitely helps, but at the end of the day, the market is unpredictable

 

[fargana]

Can I have the ability and the chance to double my account probably three times a day, but I think this will take a lot of skill for me to do so, I'm also looking forward to adding some useful pieces to my puzzle on my Forex Trading account.

Even with 50/50 chance for every trades, probability of winning three is 12.5%, together with leverage this trade is extremely risky, I wouldn't participate into it

 

[Zerologic]

Making profits three times a day isn’t easy! From what I’ve experienced, it really depends on the market conditions and volatility. Having solid experience definitely helps, but at the end of the day, the market is unpredictable

Yes agree, in a strong rally, making a profit seems so easy, however, traders can't predict the market ahead precisely, and trading forex is like an emotional sum game.

 

[fargana]

Yes agree, in a strong rally, making a profit seems so easy, however, traders can't predict the market ahead precisely, and trading forex is like an emotional sum game.

Prediction is hard because you have to be consistently better than collective thought (market) expressed in price, which is unlikely. better to focus on exploring market inefficiencies and taking advantage of them

 

[Zerologic]

While traders can only attempt to find opportunities to profit from market behavior, predictions do not always come true and even expert analysts can be wrong.

 

[Charlotte_Nguyen]

Can I have the ability and the chance to double my account probably three times a day, but I think this will take a lot of skill for me to do so, I'm also looking forward to adding some useful pieces to my puzzle on my Forex Trading account.

You will need to be more patient than you think for that tree to bear fruit, but that also does not mean that the entire journey will be all losses and bad days.

 

[Zerologic]

Forex trading apart from carrying out market analysis, choosing trading instruments, also learning how to manage money for money, the role of money and risk management is still a weapon that traders need in carrying out their trading days.

 

[NatureGirl]

but stayin consistent with all of them is a whole other problem

 

[David79]

Forex trading apart from carrying out market analysis, choosing trading instruments, also learning how to manage money for money, the role of money and risk management is still a weapon that traders need in carrying out their trading days.

I completely agree! I follow the basic process of conducting market analysis and selecting the appropriate instruments to trade. I also focus on risk management and trading with a small deposit, which always helps. Additionally, setting stop-loss orders always helped me to reduce risk to a level I can manage.

 

[CallahanSinclair]

My trading in the forex market only flows with efforts to make a trading plan and be loyal to it, however, losses are sometimes inevitable because of the dynamics of the market, the most dramatic and hard thing is when fighting with own desires, getting a profit three times a day is possible for expert traders, however, it seems very few can do so.

I am not so sure about that buddy, very soon AI will take over the whole market and the entire game from us, no more losses for anyone who can afford that, no more spending years on trading plans, just money to pay and get the AI.

 

[Zerologic]

I completely agree! I follow the basic process of conducting market analysis and selecting the appropriate instruments to trade. I also focus on risk management and trading with a small deposit, which always helps. Additionally, setting stop-loss orders always helped me to reduce risk to a level I can manage.

I think it is a good step for long-term trading to keep risk management and improve market analysis.

 

[fargana]

I am not so sure about that buddy, very soon AI will take over the whole market and the entire game from us, no more losses for anyone who can afford that, no more spending years on trading plans, just money to pay and get the AI.

AI is too stupid for that at least I see that quality do not improve further and even worsens sometimes, guess they hit the ceiling in developing its capabilities further

 

[CallahanSinclair]

AI is too stupid for that at least I see that quality do not improve further and even worsens sometimes, guess they hit the ceiling in developing its capabilities further

No way, AI will take everything over, it can do small time analyses nowadays, it will grow way beyond all this and possibly change the entire trading play ground.

 

[ChelseaR]

AI is too stupid for that at least I see that quality do not improve further and even worsens sometimes, guess they hit the ceiling in developing its capabilities further

I think AI can play some role in trading - like when it comes to analyzing the data quickly, but the human touch is still irreplaceable. The intuition, psychology, experience, and understanding the sudden market shifts and trading accordingly, this is something AI can never do.