Essentials Of 'Forex'

#46
How risky is Forex trading?
You cannot lose more than your initial investment (also called your “margin”).The profit you may make is unlimited, but you can never lose more than the margin. You are strongly advised to never risk more than you can afford to
lose.
 

tomorton

Well-known member
Feb 28, 2002
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#49
Share your opinion clearly, if you are not agreed then, you need to explain us why.

I do not need to explain.

If you don't agree and you're sure you cannot lose more than your initial investment, then I say I am very happy for you, please carry on.
If you do agree, my explanation serves no purpose.
If you're not sure, read the small print on your account agreement T&C (trading, not demo obviously). But don't bother with small print if your broker is based in Narnia.

Actually, if you do know a way by which it is impossible to trade forex without losing more than your initial investment, please post it here, as you need to explain this.
 
Likes: cantagril

june_girl7

Active member
Apr 9, 2016
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#50
Yeah and also so many management are included, like risk management, money management etc. Forex Trading may seem to be an easy way to make fortune, but it requires lots of efforts.
Trading is never been, trader learn and make it easy to work with it. There may be so many tips given to trader for learning but the reality is that you have to implement them in real market then only you will get the real idea of trading.
 

SmartGeek

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Jul 5, 2016
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#51
Yeah...! Trading is never been an easy task and it will never be. You need to have lots of knowledge and practice to become a successful trader.
 
Aug 24, 2015
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#52
I completely agree, skills and practise are undeniable parts to a trader's success. But another thing a trader needs is luck. Without luck a trader won't be able to make money. What do you think?
 

Pat494

Well-known member
Mar 27, 2004
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#53
I completely agree, skills and practise are undeniable parts to a trader's success. But another thing a trader needs is luck. Without luck a trader won't be able to make money. What do you think?
I think luck is only a small part of success and should not be relied on.
 
Oct 31, 2016
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#54
I completely agree, skills and practise are undeniable parts to a trader's success. But another thing a trader needs is luck. Without luck a trader won't be able to make money. What do you think?
I agree. Certainly luck is not important but without it too, not just be )))
 
Jan 4, 2017
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#55
Individual comes First

Most of the people who think or interested in forex trading perceive success in forex trading entirely depends on system or trading strategy. But it is not always like that. In fact the foundation upon which the trading success depends is the mindset and psychology- the way they think and feel the market and the strategies they adopt in the process. People attempting gain money in short period normally bombarded by unrealistic expectations like turning $1,000 into $100,000 in a few months. More drastically their mindset and brain move emotionally rather than rationally causing easy loss of money. Thus to say even if the strategies and practices are important , your managing your emotion and rational attitude for trade is equally important for forex success. These two are also important for your future success. :)
 

progix

Active member
Feb 25, 2016
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#56
I think luck is only a small part of success and should not be relied on.
Forex trading business is purely based on calculations and analysis so every trader should focus on developing their analytical skills and learn the tactics of earning money through forex.
 
Feb 3, 2017
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#57
No doubt, Forex forum is one of the most reliable way of learning Forex trading! When I was a new Forex trader, then I was an active member of all popular Forex Forums including this one! I must say, I didn’t require any trainer; I have learned technical and fundamental analysis with details by expert members of various forums! So, if you are a new Forex trader and want to learn Forex than please spend your time here!
 
Oct 5, 2016
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www.forexsignals.es
#59
A new trader would need to master certain essentials before he ventures into the forex trading arena. Remember, the foreign exchange market can be very friendly to those who know how to play it. It can be dangerous though to those who are reckless and play it unprepared.
 

SmartGeek

Active member
Jul 5, 2016
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#60
Knowledge is the key to become successful in Forex Trading. Without appropriate knowledge you cannot survive in it. Learning is the key to become successful in Forex Trading.