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Old 09-11-2022, 08:07
PapiaKhatunAsha PapiaKhatunAsha is offline
Level V Lasers Member
Join Date: Jun 2015
Posts: 609
Default Why is forex trading so hard?

The Forex market is said to be hard because it is the most liquid market in the world and billions of people and entities intervene in it. Governments, politics, the weather, public health, corporate expansion or bankruptcy, the prices of foodstuff, everything influences the Forex market. Some big players in the market are so huge, players can generate large movements on their own. How does this affect you? Well, consider this sequence of events as an example. Suppose you have initiated a Forex trade, which after several hours of hard work, is proceeding in your intended direction as planned. You decide to take a break and maybe even brag to your partner about your latest success. After 10 minutes or so, you return to your trading station only to discover that a massive reversal has occurred, completely obliterating your position including any potential profit. This type of event can frequently happen with no prior warning of any sort. In Forex, the best chance you have to survive long enough to make any profit is by carefully managing your risk to ensure you donít get wiped out, while you build experience and knowledge from real money trading (after spending an initial period of time practicing with a free demo account.
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