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Thursday, 20 February 2014

Is Forex hard or easy ?

This is a nice question. If you have experience of trading you may ask this question. Is Forex really easy or it is hard. In my view Forex is easy from some angles. One is to trade you need only a computer , internet connection download mt4 or mt5 software, log in to your account and Buy or Sell. And you will make profits after one minutes. How easy! in another view Forex is hard. When you lose again and again or when you open positions but the market goes against your direction. You all the time think one direction but market goes the opposite direction. You want price of a pairs will go down but it goes up, you think price will go up but it goes down. You think price may go more against you and you need to close your losing positions and after closing your positions with loss the price goes to your direction. Sometimes you think price will not go more against you and you keep positions opening. But price continue to your opposite direction. And finally you lose all money. How hard Forex is! To avoid these kinds of hardness i think it is better not to trade everyday, every month. Because there is some moment when Forex market act as you wish. These moments are for you to opening and closing with profits. Sometimes Fores market show a clear view and we can catch more pips trading these moments. trying to trade always bring hardness.

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