Content source: Wechat public account Huiclassroom
How Difficult is Forex Trading?
Have you thought about this question?
Generally, novices enter the market and know nothing about the market, and may receive warnings from friends: "You can't make money in the foreign exchange market!"
They are right, most people lose money in Forex trading. As for why you lost money? Why is it so difficult? Let's talk together.
Most of the people who start investing in foreign exchange have only one idea, hoping to make a lot of money in the market soon. Although they do not have any experience and do not have the correct trading mentality.
The reason why it is difficult to make money in Forex trading is that it is difficult to understand price action. The factors for the price increase are not the economic indicators in the economic calendar that we see on the surface, but in fact the price increase in the trend is the result of the order made by the market maker.
Price action is shown on charts through support and resistance levels, trends, price consolidation, etc. What money is behind the price action pushes the price in one direction, understand the price action in the right way, and you won't be tricked by the market to lose money.
So the best way to trade is to look for the price range where supply and demand are out of balance, which is the regional trading rule of supply and demand we shared last time. You can analyze it carefully.
The above is the first point. Have you identified the core method of trading?
When we asked successful traders "How to make long-term profits?", they said, first of all, everyone must know that it is not easy to be consistently profitable, but it is possible for everyone to do it. Even if you study various forex courses and books, there is no guarantee that it will make you profitable, only those who have patience and firm determination will succeed in the end.
This is the second point, you don't know how long it will take to make a profit.
The difficulty of foreign exchange trading lies in the understanding of the market and your patience and determination. The factor that hinders you in this process may be the unbalanced psychology of paying more than the return in the short term. Trading requires money to make money, and you need to invest a lot of money in the early stage. And you can't make any money at first, and no one will give you anything in return.
Therefore, continuous profitability and successful trading may not be a path that can be directly copied. Only by focusing on the core method and having a certain quality can we go to the end.
And the ending of 80% of traders may be inappropriate. Many novices also doubt whether they are suitable for trading after 3 years of doing it?
You've probably seen a lot of the qualities of a successful trader on the Internet, but you don't feel like you fit a lot. In fact, whether this can be done, the decisive factor is whether you are willing to spend time. The 10,000-hour rule also allows you to have a certain say in a certain field. Therefore, whether you are suitable for trading mainly depends on whether you have or are willing to spend time and energy.
Whether you are a part-time trader or a full-time trader, you can make enough money if you can work hard for a long time in trading.
How Difficult is Forex Trading? The point is that it's hard to gauge how much commitment, patience, and persistence you need to be successful. The more you invest, the easier the transaction will be, and the easier it will be to make money. Of course, in this long process, if you can get the guidance of some experienced mentors, you can skip some mistakes and go one step closer to success.
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