It's a casino for those who trade without a proper risk management.
How Forex Trading Can Make you Rich?
- Thread starter Peter brandley
- Start date
It's a casino for those who trade without a proper risk management.
Well even with proper risk management your are in best case below breakeven level because of spreads in the long run. Knowing perfect time for entry and exit together with money management will help trader to achieve its targets.
Sometime if look any trader share proof making good profit this make jealous, and want to making profit like as them, but in fact not easy might also as reason having different system and psychology
True, Forex requires a lot of study and practice in order to be profitable. It cannot and should not be treated as gambling.
Well different people use trading for different purpose. Some to learn finance, other to find stable source of income, third as a useful way to gamble (at least it has some benefits rather than common gambling machines)
yeah, and looks like most of the people forget about risk management when it comes to forex. I don't know why...It's a casino for those who trade without a proper risk management.
Might because greedy, many trader want to making big profit at short time although actually this is not good mindset because in fact greedy often only harmful account, risk management is essential in my opinion
That's true; greed never leads to success.
Not at all, I think Forex Trading, is the best way to make some good money, but it is not at all a casino. We need lots of things to learn, and if we rely on mere luck, we will lose it all.