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Why Is Forex Trading So Difficult - Investment (2) - Nairaland

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Re: Why Is Forex Trading So Difficult by Samken2: 6:53pm On Oct 12, 2022
I thought I heard that there is a trading not that one can install for it to trade forex.
And there are many forex prediction platforms out there.
I need info pls
Re: Why Is Forex Trading So Difficult by jimnozi: 6:53pm On Oct 12, 2022
Join this group and your life we never remain thesame

https:///+VTDmheGVYUVNJdMr
Re: Why Is Forex Trading So Difficult by Element2022(m): 6:59pm On Oct 12, 2022
Peterjnr123:
Nairalanders abeg I dn tire for this thing called forex, I don't know if it just hate me or it's not just for me.. have tried every strategy every tutorial.. buh nothing is just working. I see other traders especially south Africans traders living large and driving around in lambos and rarris .. why is my own case just different.. I feel like giving up.. this been a year now in the field still no atom or evidence of progress.


To me I will just advice that you know your interest in the trade market because it's not about motivation but discipline that matters .... You might not have learnt well before jumping into the market , u might not have your own tradegy for trading which you must have , also have your trading plan like just generally know your mind interest....
Re: Why Is Forex Trading So Difficult by Kobicove(m): 3:06am On Oct 13, 2022
smatralph:


It's just a year and you're tired.. Good! Now you know you have to try out something differently now. The mistake you are exactly making is trying out different strategies and seeing some or all as holy grail.

What I'd advice you do for the next 6 months is to get a working strategy (one that you've seen your teacher or his mentee profitable with) and MASTER IT!! The reason why you've been failing is because you have not learned to master a strategy yet. You need to backtest a lot so you'll master market structure and behaviour. This will help you in understanding how to properly integrate your strategy for profitability.

You have to make it a routine and be consistent at it. Let no day pass without you testing out your method or demotrading. And please no matter how much confidence you grow, forget about live trading during these times please.

Slowly and Consistently, you'll see what you'll become in 6 months.


I wish you the best bro.

You quoted the wrong person
Re: Why Is Forex Trading So Difficult by Melvess(m): 11:48am On Oct 14, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game
ayoolaojediran@yahoo.com
Please help me and send to me too

1 Like

Re: Why Is Forex Trading So Difficult by Melvess(m): 11:49am On Oct 14, 2022
jimnozi:
Join this group and your life we never remain thesame

https:///+VTDmheGVYUVNJdMr
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Re: Why Is Forex Trading So Difficult by ObalendeCMS: 7:52pm On Oct 14, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game

Thank you, Sir: andrewales7@gmail.com
Re: Why Is Forex Trading So Difficult by waterfas: 10:43pm On Oct 14, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game
waterfas@yahoo.com please send to me too. Thanks
Re: Why Is Forex Trading So Difficult by smeag0l(m): 11:03pm On Oct 14, 2022
First of all, one year is too small to learn. Ask yourself how many years it takes one to become a doctor or lawyer? It is same for forex. You have to learn the ropes. I have been trading for years and I've been able to develop a few strategies of mine and I also have a trading plan. I have now automated some of my systems as I work full time. Meanwhile, it'll interest you to know that I only trade GBPUSD, EURUSD, Gold, USDJPY and GBPJPY. Nothing else. That should tell you something about specialisation. Forex is pretty much like any other discipline and it is when you trivialise it that you dont become successful. Lastly, profit making shouldn't be your goal while starting out. Mastery should be your focus. Money making naturally comes with mastery in forex trading.
Re: Why Is Forex Trading So Difficult by chukwuwendu: 1:49am On Oct 15, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game

I need please...
Chukwuwendun@gmail.com
Re: Why Is Forex Trading So Difficult by Odogwu2023(m): 3:13am On Oct 15, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game
Please send to me as well..
ejioforsamuel266@gmail.com
Re: Why Is Forex Trading So Difficult by Willie2015: 8:52am On Oct 15, 2022
smeag0l:
First of all, one year is too small to learn. Ask yourself how many years it takes one to become a doctor or lawyer? It is same for forex. You have to learn the ropes. I have been trading for years and I've been able to develop a few strategies of mine and I also have a trading plan. I have now automated some of my systems as I work full time. Meanwhile, it'll interest you to know that I only trade GBPUSD, EURUSD, Gold, USDJPY and GBPJPY. Nothing else. That should tell you something about specialisation. Forex is pretty much like any other discipline and it is when you trivialise it that you dont become successful. Lastly, profit making shouldn't be your goal while starting out. Mastery should be your focus. Money making naturally comes with mastery in forex trading.

Absolutely correct....
Not up to a year in Forex
Ve been reading and using demo
Also using copy trading ..
Copy Tradin ..very profitable ...
Am up by over a 1000 percent...
Mastery is the key .....

2 Likes

Re: Why Is Forex Trading So Difficult by VeeVeeMyLuv(m): 9:13am On Oct 15, 2022
Peterjnr123:
Nairalanders abeg I dn tire for this thing called forex, I don't know if it just hate me or it's not just for me.. have tried every strategy every tutorial.. buh nothing is just working. I see other traders especially south Africans traders living large and driving around in lambos and rarris .. why is my own case just different.. I feel like giving up.. this been a year now in the field still no atom or evidence of progress.
Ty
Re: Why Is Forex Trading So Difficult by oscarvicto(m): 9:34am On Oct 15, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game


pls kindly forward to oscarvictor300@gmail.com
Re: Why Is Forex Trading So Difficult by GingerbreadMen(m): 6:28pm On Oct 15, 2022
Willie2015:


Absolutely correct....
Not up to a year in Forex
Ve been reading and using demo
Also using copy trading ..
Copy Tradin ..very profitable ...
Am up by over a 1000 percent...
Mastery is the key .....
Cam you send me the email VeeVeeMyLuv sent you to

sarahmoore177890@gmail.com
Re: Why Is Forex Trading So Difficult by Roysnickz: 8:38pm On Oct 15, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game
roysnickz@gmail.com
Re: Why Is Forex Trading So Difficult by DriggityDre: 9:13pm On Oct 15, 2022
Peterjnr123:
Nairalanders abeg I dn tire for this thing called forex, I don't know if it just hate me or it's not just for me.. have tried every strategy every tutorial.. buh nothing is just working.
Can't be a jack of all. Try mastering a particular strategy that suits you. Learn how each indicator works down to the settings. Study the market. If possible, you can derive your own by combining others.
Re: Why Is Forex Trading So Difficult by VeeVeeMyLuv(m): 9:26pm On Oct 15, 2022
Roysnickz:

roysnickz@gmail.com
Ahan...
but this comment is hidden na...
How were u able to quote it?
Re: Why Is Forex Trading So Difficult by RoyalRumble1(m): 9:44pm On Oct 15, 2022
NNtv:
have you tried smart money strategy?

SMC (Smart Money Concept) is the best bro
Re: Why Is Forex Trading So Difficult by RoyalRumble1(m): 9:46pm On Oct 15, 2022
Samken2:
I thought I heard that there is a trading not that one can install for it to trade forex.
And there are many forex prediction platforms out there.
I need info pls

Forget about those forex prediction platforms or forex robots and learn to trade yourself
Re: Why Is Forex Trading So Difficult by Pastorjohn2: 9:47pm On Oct 15, 2022
Peterjnr123:
Nairalanders abeg I dn tire for this thing called forex, I don't know if it just hate me or it's not just for me.. have tried every strategy every tutorial.. buh nothing is just working. I see other traders especially south Africans traders living large and driving around in lambos and rarris .. why is my own case just different.. I feel like giving up.. this been a year now in the field still no atom or evidence of progress.
It took me 2 years to make my first withdrawal from forex

Forex is extremely difficult bro
The failure rate is 95% for a reason

If it was easy
Everybody would be doing it

1 Like

Re: Why Is Forex Trading So Difficult by RoyalRumble1(m): 9:49pm On Oct 15, 2022
Peterjnr123:


Yes ... Still nothing

Bro I’m not sure you really learnt Smart Money Concept.

Go and learn it again and this time with determination, discipline, mind focus and you will love forex for the rest of your life.
Re: Why Is Forex Trading So Difficult by emmyseg(m): 10:05pm On Oct 15, 2022
Please boss help me send the book to this mail.... ibitolae@gmail.com
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game
Re: Why Is Forex Trading So Difficult by emmyseg(m): 10:07pm On Oct 15, 2022
Please boss, help me send the book to this email.... ibitolae@gmail.com
Melvess:
ayoolaojediran@yahoo.com
Please help me and send to me too
Re: Why Is Forex Trading So Difficult by emmyseg(m): 10:09pm On Oct 15, 2022
Sir willie, I'd like to talk to you please send me a msg via ibitolae@gmail.com
Willie2015:


Absolutely correct....
Not up to a year in Forex
Ve been reading and using demo
Also using copy trading ..
Copy Tradin ..very profitable ...
Am up by over a 1000 percent...
Mastery is the key .....
Re: Why Is Forex Trading So Difficult by Willie2015: 6:11am On Oct 16, 2022
GingerbreadMen:

Cam you send me the email VeeVeeMyLuv sent you to

sarahmoore177890@gmail.com

Did not request this from VeeVeeMyLuv
Re: Why Is Forex Trading So Difficult by hardon1(m): 10:38am On Oct 16, 2022
Why are you lamenting. There is no means of making money that is easy
Re: Why Is Forex Trading So Difficult by jomarick(m): 2:37pm On Oct 16, 2022
Peterjnr123:
Nairalanders abeg I dn tire for this thing called forex, I don't know if it just hate me or it's not just for me.. have tried every strategy every tutorial.. buh nothing is just working. I see other traders especially south Africans traders living large and driving around in lambos and rarris .. why is my own case just different.. I feel like giving up.. this been a year now in the field still no atom or evidence of progress.
The reasons why people fail in forex is as follows; not using one strategy, getting driven by emotional, inability to trade with tight stop loss; some don't trade with a SL grin, not using a good loss to return ratio, trading too many currency pairs, many don't know when to stay out like during major economic news.

Nigerians are not patient enough to learn with a demo account to master thier strategies even if it cost them years. Even some that manage to be on demo trades with a big lot size, a lot size that they cannot afford to use when the go live.
Re: Why Is Forex Trading So Difficult by Akinolore(m): 2:52pm On Oct 16, 2022
Another best way to make consistent profits in forex or binary is to have access to CFA Trading Signal Daily , this will tell you exact time when to enter market, exact to buy, time to hold it or tell you exact minutes to hold and exact time to execute your sale, simple, you will always calculate your profit , there will not any loss whatsoever, once you caution your greediness. This is what I do and am profiting always, you can connect me to join you to free 100% accurate trade signal group. You watch them live as they make their trade , you satisfy, you register your binary trade account with their Delhi platform ,then profit story begin. 0.8.0.6.5.7.3.0.0.8.7

1 Like

Re: Why Is Forex Trading So Difficult by emmyseg(m): 3:09pm On Oct 16, 2022
VeeVeeMyLuv:
Drop your mail
I will give you just 2 books,
If after reading them, there's no change, my friend nothing else will.

Then u can retire from the game
Please send me the books too boss
ibitolae@gmail.com
Re: Why Is Forex Trading So Difficult by efe21: 4:45pm On Oct 16, 2022
Peterjnr123:
Nairalanders abeg I dn tire for this thing called forex, I don't know if it just hate me or it's not just for me.. have tried every strategy every tutorial.. buh nothing is just working. I see other traders especially south Africans traders living large and driving around in lambos and rarris .. why is my own case just different.. I feel like giving up.. this been a year now in the field still no atom or evidence of progress.
I am Efelexy and I will tell you what your problem is. Your problem is money management. You lack proper money management because you are a greedy person by nature and since you are still a newbie with stupid dreams of making it quick and fast, you kept on burning your fingers.

How did I know this Op? Very simple; you were rambling how wealthy South Africans traders are because of the flashiness you saw on YouTube and other social media spaces. Lolzzzz grin grin grin grin grin grin grin grin.... Ojukokoro will just kill you because most things you see on social media are fake representation of actual events because of the universal sickness called "fake lives". Most of these guys may not even make their money from Forex alone as they want the public to believe by posing flashiness to catch viral attention only to end it by selling you their crappy courses for money. Now put on your thinking cap Op and reason alone with me; if the swindling imposters are really making tons of dollars daily or weekly from the Forex market with their almighty strategies, will they be so desperately after your chicken change to get you strategically baited to pay for their undervalued premium courses.

Use your head Op and stop getting confused. You are a newbie at just ordinary one year in the market. Wetin dey worry you sefffff my brother. Don't you know you are only passing through a mandatory learning curve to make you a better trader in the future. Instead of you to still be trading demo and enjoying your baby steps mistakes in the market till you eventually get it right one day and know you can confidently advance into live trading. You went ahead and jump greedily because of false believe of making it fast. Op all you will ever need as far as Forex trading is concern is already inside you. Infact it is currently in your head, and the name of that thing is called "trading psychology".

Finally Op; go and learn about proper money management and risk management because survival is the key in Forex. Always open every position with 0.01 lot size no matter how sure you are of the direction. And also no matter how big or small your trading equity is. Open just one position and let it be the smallest lot size which is 0.01 and watch the price action of the market with your already determined Stop loss and Take profit set already on the price chart because you are not a magician and the FX market must always obey the natural laws of demand and supply. Make sure you add Resistance/Supply zones and Support/Demand zones on your chart so you can easily see and note psychological price areas on your chart with your naked eyes. Always do top down analysis on the pair you are trading by looking at the weekly W1 chart PA, then go down to the daily D1 chart PA, before finally triggering your trades position on the four hourly H4 chart PA (price action). And you will feel more confident when taking your positions in the market.

I wish you the very best Op in your future endeavours, and I am sorry if my writing was harsh at first. I did that purposely just to let my message sink into you. Always know you will have losing and winning trades always as far as you are a trader. It is part of the business and it is nothing. So your focus should always be on having more winners than losers. And when losing, and it apparent to you that the direction is bad and you are wrong. Let it hit your already set stop loss, or just cut the loss short as there will always be good and more profitable opportunities in the future.

Cheers Op and goodbye. I remain Efelexy.

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