Forex is easy!

Discussion in 'For novice traders' started by Francmorio, Dec 28, 2017.

  1. broforex

    broforex Member

    Forex is actually easy, if indeed forex is difficult why can anyone live only from forex trading? Everything will be difficult if we do not know how it works and there is no willingness to learn. Similarly, when we are just learning to ride a motorcycle or car, the first time we learn it will definitely feel difficult but when we are used to carrying it to the highway often, we are unwittingly proficient and some can even drive while using mobile phones.
     
  2. NewbieTrader

    NewbieTrader Member

    i think what it means by saying forex is not easy is to let people know that they need efforts to finally understand how it works for them. and once they understand it, they can make a living out of it.
     
  3. Tengkorakfx

    Tengkorakfx Active Member

    Especially when they wanted to make Forex trading as their primary income, it requires focus in order to trade better every single day since you have nothing to do in a day than just trading...
     
  4. NewbieTrader

    NewbieTrader Member

    yeah, true. they have more time to actually "give" more to forex because they are for sure expecting to "get" more. I still cannot be one of them. Forex is not my primary income.
     
  5. broforex

    broforex Member

    If you intend to start a Forex trading and learning business, of course you must understand and get to know forex starting from the beginning, including about the fundamental theory of forex trading or commonly referred to as "Frorex Trading". But maybe you are still confused about how to start learning everything about Forex. The first thing you have to learn is about the basic techniques of doing Forex trading.
     
  6. Tengkorakfx

    Tengkorakfx Active Member

    Even some basic things can be the simple tools that can create a trading decision. Try learn some things about trendline, support resistance and supply demand. The key is to enter the breakout and/or wait for retraces. Simple but needs practice...
     
  7. broforex

    broforex Member

    The first step you have to do, of course, is open the chart, then look at the ongoing trend. You can choose which trends you want to follow and take advantage of. Recognize the ongoing trend. starting from the long-term trend, then backwards to the medium-term or short-term trend. Although you may choose which trends you will take advantage of, it is advisable to look for long-term trends (major trends) and follow them.
     
  8. liafatlouie

    liafatlouie Member

    With frequent trading, the experience will increase. Later we will find the best strategies and techniques for our trading. Just keep the rules, don't put a big Lot :)
     
  9. Tengkorakfx

    Tengkorakfx Active Member

    But don't force a trading technique too much if it's not suitable to your liking. It's better to have a fresh learn in order to find a suitable one rather than just keeping the one that is not good for you to handle...
     
  10. liafatlouie

    liafatlouie Member

    Yes Sir, because not all the techniques suit me :)
     
  11. broforex

    broforex Member

    In any business, the target will always be there. Likewise in forex trading - the truth is, the target is simple, namely you can survive to be able to do forex trading transactions the next day. It is precisely the real challenge in forex is to achieve and obtain true trading skills so that you can make consistent profits from forex trading.
     
  12. liafatlouie

    liafatlouie Member

    Based on experience, greed and guessing as long as trading causes faster margin calls.:oops:
     
  13. Tengkorakfx

    Tengkorakfx Active Member

    Also one thing to note that these two can be caused or triggered by false commercials or marketing. For instance, I've seen several Forex-related ads that stated "Forex is an easy way to earn money". This by far is the most scamming ads I've seen out there...
     
  14. liafatlouie

    liafatlouie Member

    Right sir, if it's easy, it means that no trader loses :) There is a lot to learn and understand in this forex to be successful.
     
  15. broforex

    broforex Member


    Yes, agreed. Reversal and breakout are the most strategy that many traders use it, and there are basic education also.

    If I want to explain my opinion
    Reversal is a pattern of predictable price movements or provide a strong signal will change the direction of the market.
    Breakout is the chart moving out of the range of price range that has been a place of price movement, with the breakout creates a price higher or lower than some previous period.
     
  16. broforex

    broforex Member

    Forex is actually easy, if it's hard Forex why there are people who can live only from forex trading? Everything will be difficult if we do not know how it works and there is no willingness to learn.
     
  17. liafatlouie

    liafatlouie Member

    Agreed.
    Being a trader must be ready to learn every day because forex also changes every day. We must have the best strategy to get the profit.
     
  18. Tengkorakfx

    Tengkorakfx Active Member

    Better to evaluate your progress every single time you end the trading on the day. Notice a mistake and learn how to find the solution from those mistakes
     
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    ljfbganhluda Active Member

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  20. liafatlouie

    liafatlouie Member

    When is the right time for my trading evaluation? Should it be weekly or monthly, Sir?
     
    broforex likes this.

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