Why trading forex can be difficult?

[Rambo35]

When you first start forex trading things seem to be so simple and straight-forward; all you have to do is to buy a currency pair and then sell it once the price increases. However a few weeks down the lane and probably after losing most of your account you have come to realize that forex trading is not easy. There are a number of variables (commission, leverage, spreads and your emotion) which are against you.

 

[readyforex]

Forex Trading is a business which means, you need to first get a 1 to 2 years education and trading experience to profitably trade the market.

Some traders spend 8 to 10 years to become a profitable trader. So, it is not an easy business as it may looks like.

 

[fxapex]

its a hard work because initially you have to learn a lot and do a lot of market study to be successful, so this initial effort without reaping any benefits is difficult.

 

[tobeone]

It came to me after a year of struggling but I don't have any formula how one can trade successfully, I'm not sure that everyone can trade neither.

 

[zick321]

it is very difficult for new trader but not forexperienced trader bcesaue the new trader are un aware about the trading but they can get practice on demo trading account

 

[davidblack]

Forex is a real business and not a just game. So every trader must get education about Forex and think about starting trade in Forex. Having knowldge is very necessary so keep earning and earning.

 

[readyforex]

Demo trading is just for doing practice.
For some traders, losing a US$ 500 trading account is still okay!

The money is small. So, they do not care much about their trading decisions. However; this could turn into a real trading problem.

If a trader can not make profit on a US$ 500 trading account then what are the chances to make profit on a US$ 50, 000/- trading account?

One big fat round egg! The chance is Zero.

 

[Fxpipper]

Heck - most of us learnt about trading by blowing out our first account..so yes, trading is anything but easy and it involves a lot of grunt work..

 

[readyforex]

When a new Forex trader blow up his Forex trading account then there are two options

Option 1/-
Leave Forex trading forever and do not come back.

Option 2/-
Learn about Forex trading other wise he is going to face the same problem and the trader is going to lose money again.