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Is Forex trading simple or complicated?

skrimon

Well-known member
If it were easy, then more people would be doing it and making loads of money doing it.

So, no, it is not simple.

Trading, particularly FX, is quite adept at convincing beginners that they can outperform the market. One explanation is that retrospective confirmation is biased.

It's where you read charts and gain screen time (seeing price evolve), and your brain mislead you into believing you've discovered a pattern in how price moves; a method from which you may benefit.

This is because your brain is actively looking for that money-making approach, which naturally blocks out stuff you should be seeing (like underlying price dynamics, price memory etc).

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

Another factor is the ridiculous advertising and moronic-colorful technical indicator techniques.

All of the colorful and overly intricate chart patterns and technical indicators offer the impression that the approach is important.

Especially since the idiots (or so-called "genius traders" who advertise them) come across as "clever," duping the newcomer into thinking what they're selling is smart.

It's also critical to understand who you're competing against. As a trader, your competition includes PHDs from the top disciplines of mathematics/physics/programming, traders with flawless personality complexes, organizations with extremely sophisticated infrastructure and the ability to understand information, and so on. And their experience ranges from a few years to several decades.

P.S. As a side note, ignore advice from Quora users who include bogus promotional links in their answers.

You're better off reading textbooks/research papers on trading and financial markets or listening to genuine successful traders (men from hedge funds), both of which are available on YouTube.
Thank you for your time!
 
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peter9461

Well-known member
If you are new trader looking for knowledge then your best bet is an online trading educational website like aximdaily or forums like this. They will provide you with the answer you need and open a demo account with a decent broker to start practicing. You gonna need to practice if you want to get good at trading.
 

Abdulmajidkhs

Well-known member
If it were easy, then more people would be doing it and making loads of money doing it.

So, no, it is not simple.

Trading, particularly FX, is quite adept at convincing beginners that they can outperform the market. One explanation is that retrospective confirmation is biased.

It's where you read charts and gain screen time (seeing price evolve), and your brain mislead you into believing you've discovered a pattern in how price moves; a method from which you may benefit.

This is because your brain is actively looking for that money-making approach, which naturally blocks out stuff you should be seeing (like underlying price dynamics, price memory etc).

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

Another factor is the ridiculous advertising and moronic-colorful technical indicator techniques.

All of the colorful and overly intricate chart patterns and technical indicators offer the impression that the approach is important.

Especially since the idiots (or so-called "genius traders" who advertise them) come across as "clever," duping the newcomer into thinking what they're selling is smart.

It's also critical to understand who you're competing against. As a trader, your competition includes PHDs from the top disciplines of mathematics/physics/programming, traders with flawless personality complexes, organizations with extremely sophisticated infrastructure and the ability to understand information, and so on. And their experience ranges from a few years to several decades.

P.S. As a side note, ignore advice from Quora users who include bogus promotional links in their answers.

You're better off reading textbooks/research papers on trading and financial markets or listening to genuine successful traders (men from hedge funds), both of which are available on YouTube.
Thank you for your time!

Thanks for your suggestions, Please do you know anything about WikiFx and their website?
 

Hippomobile

Active member
Trading can be simple if you study the market sentiment and plan accordingly. It can get complicated if newbies lack the knowledge required to pull a profitable trade. Honestly, it depends on the viewpoint of the trader and how they wish to utilise the opportunities and make profit consistently. It takes time to learn how to minimise risk but once the trader develops skills, nothing can stop them from earning profit returns.
 

Herisson

Member
Forex trading is actually quite simple yet risky. It can take some time to master the art of trading so traders need to be open minded and ready to change their plan if necessary. If traders possess the information and have a strong foundation, the chances of making it longer increase. If not, they end up with empty accounts.
 

Dopper

Member
Rules of making money in trading are simple: buy low, sell high. However, identifying the right entry and exit points are essential. And it’s not easy to get an edge in the market. In addition to that, you need to focus while trading and have a sense of your emotions, otherwise you are going down the hill. Thus, it’s not easy but not impossible, if you can put in the work.
 

TildaTilt

Active member
Whether it is simple or not for you depends on your skills and approach. It’s a very dynamic market that gets influenced by external factors. Thus, it’s not easy to keep track of it. However, as long as you keep up with the market conditions and have a tested and workable trading system, it would be easy for you to survive in the market.
 

Pinnace

Member
Forex trading is sometimes misunderstood as a simple way to make money, but it is actually rather challenging and extremely rewarding. The forex market is the world's largest and most liquid market. Trading is a terrific way to improve your well-being but don't expect to be a great trader right away. You will make mistakes and lose money, but you will learn. The sooner you embrace it, the sooner you will learn. Nobody was born to be a great trader.
 

Wavemeter

Active member
It can be either, depending on how the trader approaches the market sentiment. It is simple for those who put in hard work and are passionate. It’s tough for those who wish to earn quick returns. Building knowledge and skill should be every beginner's first step towards success. Practice on a demo account if you need to, get the confidence to make swift decisions and nothing can stop you.
 

Hev_Leo26

Well-known member
Not as easy as many people think, but they get caught up by the flashy gurus and ads they see so they don't think clearly. I think we all want to achieve financial freedom, so it's easy to want to believe that trading is the answer. The issue is that it can help, but a lot of people don't want to put in effort so they just move on once they realize how much there is to it.
 

Bregatte

Member
Forex may seem easy because of those random ads on Instagram and YouTube, but it is not that easy. Without experience, there is no way of telling it to be easy or difficult. It is just the way it is, but to make it through the path toward profitability is difficult as it requires extreme patience and discipline.
 

WalletInvestor

Well-known member
I'm glad the conclusion isn't that forex trading is easy haha. It is something most people can learn to do, but there's a lot that goes into it.
 

Apogee

Member
Forex trading is difficult. It is no longer simple. When trading forex, it is necessary to research and analyze the market in order to determine the best way to proceed with your trades. It takes too much time and specific skills. Otherwise, it is impossible to successfully determine the direction of one's trades and perform fruitful trading.
 
Forex demands attention and time. At first, everyone finds the Forex market complex, but after you study the market and get familiar with the trends, you have a better hold of it. In nutshell, Forex becomes simpler for you as you expand your learning horizon.
 

Scarious

Member
Without a doubt, forex trading can appear to be a bit complicated at first, owing to the influx of concepts that you will have to learn. It becomes easier to go along the road after you are familiar with all of the financial tools, forex terminology, and market concepts. It is recommended that you begin with a demo account before depositing your hard-earned money in an actual trading account.
 
I think it's a matter of perspective, if you view the market as a place to earn quick money, then all you’ll receive are losses. On the other hand, if you view it as a market to learn and grow patiently, then it won’t seem so complicated. Traders need to apply measures to prevent risk from attacking their trades. Without following a solid plan, it’s unlikely to expect rewards.
 

Epedaphic

Member
Forex trading is simple. You don't need to know complex technical indicators to be successful. Of course, as a smart forex trader, you'll learn as many technical indicators as you can, but you don't need to know a lot of them to succeed. Just pick the best and correct one for you.
 

Riffraff

Active member
Forex is definitely not a simple thing to do. It comes with lots of challenges and surprises. And the only way to succeed in Forex is to get familiar with the market fluctuations. And you can make it simple to you only through learning and planning things righly.
 

Exclusion

Member
Although most people come to the forex market believing it to be a simple and easy money making market, real traders actually know that it is quite complicated. The largest and most liquid market in the world is the foreign exchange market, yet trading currencies is very different from trading stocks or commodities. There are a lot of things about macroeconomics, currencies, risks and psychology to learn and understand if a person is to trade on the forex market. Meanwhile traders deal with significant risks, leverage, and volatility. Being a successful forex trader requires perseverance, ongoing learning, effective capital management strategies, the capacity for taking risks, and a solid trading strategy.
 
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