Challenges as a Forex Trader

tomorton · Apr 5, 2022

The remaining head-ache in forex for me is balancing a rational optimum exit tactic for profitable trades with the desire to run (and pyramid) winners.

grayopogo · Apr 5, 2022

Imo, building consistency is the hardest. Forex trading is a long road, and it is difficult to stay focused without having a clear understanding of whether it will be worth trading since there is always uncertainty. So that’s it is better to trade part-time and always have a back up.

Henry520 · Apr 5, 2022

part time trading is really challenging , honestly speaking i have never seen any part timer who already bring good result by trading

PeterNguyen · Apr 6, 2022

part-time trading works just fine imo. It's less stressful as your income isnt entirely rely on your trading. It takes time to build a consistent performance so i think it's better to have another income to pay your bills.

Thalposis · Apr 11, 2022

Forex trading requires more investment of time in learning and understanding the concepts of the market to make profitable trades. Part-time traders can also become profitable by spending a good amount of time learning before trading live.

radex78 · Apr 11, 2022

Maybe so many traders still treat forex as part-time, and still handle another job as source of income, managing the time in forex trading probably will make the business more efficient.

Either you run the day, or the day runs you

How to manage your Time?

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NeilKruger · Apr 12, 2022

Thalposis said:
Forex trading requires more investment of time in learning and understanding the concepts of the market to make profitable trades. Part-time traders can also become profitable by spending a good amount of time learning before trading live.

i have seen very few traders who got bring good result as a part time FX TRADER.

Vomitory · Apr 12, 2022

For me, it was my impatience. I wanted to begin live trading ASAP. And when I did, I lost. It’s not easy when you do it! So I advise all the newbies to trade with patience, take small risks, and take a few steps at a time.

Henry520 · Apr 12, 2022

patience is more important , no way to deny . but as a newcomer it is really difficult to maintain it.

CamillaGregory · Apr 14, 2022

Does anyone find it challenging to find a feasible trading strategy? Though, there isn’t such a thing as a 100% winning strategy. However, knowingly we all look for one. It’s too hard not to look for.