Top Advantages of Forex Trading

There are many aspects of good forex trading, emotional control is an important one, but I wouldn't say it's more important than knowledge and experience. One needs to reach a good balance between all three to be successful.
 
Some trader said forex like as psychological game, and about psychology trading also need to improved, and this will develop us about control emotion and how to keep discipline also how to keep calm minds during trades to running our plan in the market
 
You need to have total psychological control over your emotions, you need to be patience and discipline in order to earn lots of profit through Trading.
 
mlawson71 said:
That is true, but it's much, much easier said than done, unfortunately.
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Obviously yes, easy in theory but difficult in practice, but difficult also not mean we can't, but only need good learning and also patience in trading because making consistent result is not easy task
 
The biggest advantage of forex trading which I think is flexibility to trade. Market is open 24 hrs a day so a person can trade anytime even if he is employed or is a business man. Also most importantly you yourself have all the control while trading on forex. Nobody can pressurize you to trade, the decision to trade is only yours. You yourself decide how much risk you can bear and you are answerable to no one. There are choices like spot and futures to trade in forex market which is also an added advantage.
 
Beside market open 24 hour 5 day a week, also in forex there are two way opportunity even buy and sell there are possibility obtained profit although also has probably get loss in trades, market very liquid and also now forex using leverage which helpful for retail trader
 
radex78 said:
Beside market open 24 hour 5 day a week, also in forex there are two way opportunity even buy and sell there are possibility obtained profit although also has probably get loss in trades, market very liquid and also now forex using leverage which helpful for retail trader
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Yup, I like working whenever I want. Without listening to bosses notes every day. That's awesome, as for me. Moreover, it's good for people who like to travel without being away from their work
 
Alexfx79 said:
Yup, I like working whenever I want. Without listening to bosses notes every day. That's awesome, as for me. Moreover, it's good for people who like to travel without being away from their work
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Yes fun business actually, although as risky business, and we become own boss without intervention from leader, I am also like with forex business because I can treat as part time, and work for forex after go home from offline job with small salary
 
radex78 said:
Yes fun business actually, although as risky business, and we become own boss without intervention from leader, I am also like with forex business because I can treat as part time, and work for forex after go home from offline job with small salary
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Yeah, I do it in such a way: work as a freelancer in the morning and start trading after 3-4 PM or around that time. I find it very comfortable, as every work with flexible schedule
 
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