How Difficult is it to Trade?

This is a discussion on How Difficult is it to Trade? within the New to Trade2Win forums, part of the Reception category; Originally Posted by Jason101 Itís very easy and its boring and time consuming. The trouble is that to do it ...

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Old Jun 26, 2013, 4:57am   #57
Joined May 2013
Re: How Difficult is it to Trade?

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Originally Posted by Jason101 View Post
Itís very easy and its boring and time consuming.

The trouble is that to do it right you risk 1-2% of your account, to get the same sort of return. So your return is relative to the money you already have.

If you do not have much money (account size) then it is hard to bother with for the time spent. Money is relative so I would imagine the same is true for a very wealthy person.

A lot of people are attracted to trading with ideas of excitement and making big money fast.

When the realities of a marathon and the non-existence of the quick sprint kick in, people find it hard to accept. So they either risk to much size or go on a continual search for new methods known as the holy grail, or find some other way to blow up, or they never really fully commit to the account size and time needed.
Riding a bicycle very easy, too -- after one has the right equipment, time to practice and learns how to do it.
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Old Jul 21, 2013, 8:18am   #58
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Re: How Difficult is it to Trade?

well - the answer is not in get rich quick seminars so dont waste your money
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Old Feb 19, 2015, 11:32am   #59
 
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: In essence, Learning forex its easy, but mastering its the Hard Part. You can learn the basic rules, technical analysis, fundamental analysis, candlestick, pivot points, time frame, trend lines, Fibonacci, support & resistance, price action, leverage, money management and position sizing, you can even Learn a hole system and methodology to trade mechanically and even with that you can lose money.
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Old Mar 18, 2015, 9:46am   #60
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Trading Forex is not an easy task if your aim is making a consistent profit over time. And it takes quite a long to achieve this goal.
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Old Mar 18, 2015, 11:20am   #61
 
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Trading Forex is not an easy task if your aim is making a consistent profit over time. And it takes quite a long to achieve this goal.
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Old Mar 18, 2015, 11:32am   #62
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Originally Posted by gregkevin View Post
: In essence, Learning forex its easy, but mastering its the Hard Part. You can learn the basic rules, technical analysis, fundamental analysis, candlestick, pivot points, time frame, trend lines, Fibonacci, support & resistance, price action, leverage, money management and position sizing, you can even Learn a hole system and methodology to trade mechanically and even with that you can lose money.

Very true. The game is just 10% knowledge, 10% technique but 80% psychology - your own psychology that is, because the only person who can make you lose is yourself. I have to go along with Mark Douglas's thinking when he says almost everything we have absorbed about being a good school pupil or employee or engineer or doctor or whatever, and the values we have learned about earning and using money, are the wrong preparation for being a good trader.
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Old Mar 18, 2015, 12:14pm   #63
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the idea that trading is easy technically is a bit of nonsense to me, yes it is after the fact, but trading in the now is extremely difficult, being able to read properly and take advantage of it is not easy at all, it is a skill, but not only, it is an art form and as in any kind of art form a great injection of creativity is a must.
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Old Mar 18, 2015, 3:27pm   #64
 
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Easy to trade. Hard to trade profitably.
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