Why do you Trade Forex? -
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thread: Why do you Trade Forex?

  1. #11
    Junior Member sedardna's Avatar
    1
    How do you trade? Employing price action only? And only time frames?

    Cheers


    Hello people! Let's have a nice warm discussion, shall we?

    Why you choose to be a Currency Market trader in the first location?

    You can make use of money as your reason but in case you have a slightly deeper reason that would be quite nice to discuss:--RRB-

    Me, it is due to 3 things: I believe Currency Market is exceptional, I sense blessed inside it, and I can be my own boss there;--RRB-

    As I studied English Literature in university, most of my colleagues become teachers/lecturers or authorities staffs. I don't need to be exactly the same, my passion...

  2. #12
    Junior Member anabelcheca74's Avatar
    1
    I use to work from 8am to 5pm and I away from my family. Attempted to search for extra income and ended up with binary choices and Currency Market. For approximately a year it failure but ching up with my losses. My objective is to remain with my family and spend my time together and watch my kids grow.

  3. #13
    Junior Member Firemedic.pr's Avatar
    1
    I went into selling property, after getting out of the Marine Corps. That went well. Made more cash in my year that I had before. Then the whole thing went down the drain.

    The very first year, you work twice as hard, for a lot less cash. Then the next year, things get since so many others have quit, there is less competition for clients and worse and the supervisor tells you to expect to work. Right. By the beginning of 2009, Actually you were functioning 4x as hard as before and keeping the home and automobile current. (Not a really nice home or car by any stretch of the imagination either)

    So you had to become a foreclosure realtor managing a tiny herd of empty homes to live in this business which just was not for me.

    Feeling fairly lost and dejected with a wife and 3 young kids, I ended up heading back to college. I've been living on student loans and my GI Bill for 3 decades . A level will not get you a job which can pull a family, although almost have a level. Not looking good.

    I've always been entrepreneurial in nature. I really lost $5,000 trying to invest in stocks before computerized charts came available after reading the World's Most Powerful Money Manual course item. Through the years I've started sites and attempted to earn money on the internet. I get checks each month, but it became clear that I was not likely to be able to look after the fam on that.

    Having learned about Forex years ago, I thought I would try my hand in that. I am still demoing and it looks promising. I've got a bit of time before I graduate to find some form of consistent system secured on.

  4. #14
    Junior Member Pilarpiluca's Avatar
    4
    I tried FX and got brainwashed by the idea that one may make a lot of cash. I've quit for life as I have programs about how to actually make a lot of cash and still not work a day job exactly enjoy every thriving rich person on the planet. My conclusion about FX is - FOREX IS A SCAM!!! You will NEVER make a lot of money with FX! Props to you if you ever break , then you are as good as a individual without a job ROFL!

  5. #15
    Member xwta's Avatar
    35
    I attempted FX and got brainwashed by the idea that someone can make a lot of money. I've quit for life since I have programs on how to earn a lot of money and still not work a 9-5 day job like every rich person on the planet. My judgment regarding FX is - FOREX IS A SCAM!!! You'll never earn a lot of money with FX! Props to you if you break even, then you're as good as a homeless individual with no work ROFL!
    What is the point you then remaining on a FX forum? I can not see how to assist you.

  6. #16
    I tried forex and got brainwashed by the idea that one can create a lot of cash. Now I've quit for life since I have other plans on how to really make a lot of cash and not work a 9-5 day job exactly enjoy every wealthy person on the planet. My judgment about forex is FOREX IS A SCAM!!! You will NEVER make a lot of money with forex! Props to you if you break , then you're as great as a person!
    Well, I agree it is pretty difficult to make money, but in case you have a really systematic strategy using a positive expectancy and/or are such as fundamentals in your trading decisions, making money isn't quite as hard.

    However, I guess other things like stockmarket trading is somewhat easier. It does not take a genius to figure great businesses out and just invest in them for a few decades to get a tenbagger or whatever.

  7. #17
    Senior Member ouuhyeaah's Avatar
    155
    There are many ways of earning money in this world, and thus if I said I had been in this just for the cash it would only be half of the truth, though it needs to be said that there are not many professions that offer the potential benefits that trading will, as the sky is infinite. Another attractions are obvious: No boss to answer to; Ultimate freedom of expression; enormous flexibility concerning when you opt to operate and when you choose not to; No more daily commute ( just imagine having to spend months of your life sitting in traffic j or crushed into busy trains!!)
    But there are drawbacks as well. Firstly, trading is much much harder to learn than many men and women realise when they begin, in reality, it takes decades before the majority of folks can turn a consistent profit, by which time they've either given up in exhaspiration, or been forced to give up by insufficient funds. Unlike other skills based careers, one doesn't require a degree or any type of formal qualifiion for a trader, say such as a physician or builder does, so people launch themselves in it, risking their money way before they are actually qualified to do so. This usually means that the reason many men and women come into trading, that unequelled freedom it provides, can also be the very same reason many men and women fail, because they simply cannot or won't take care of the work of trading the financial markets with the respect required to succeed.

    Therefore for me personally , I came into this for all the reasons mentioned previously, but I understood that it wasn't something I could aspire to master quickly. Four years later on, I'm nowhere near as successful as I want to be, but I continue advancing and love that is what it is all about , and the lifestyle trading gives me.

  8. #18
    I attempted forex and got brainwashed by the concept that someone can make a lot of cash. I've quit for life since I have other plans on how to actually earn a lot of cash and still not work a day job just like every thriving wealthy person on the planet. My conclusion regarding forex is - FOREX IS A SCAM!!! You won't ever earn a lot of money with forex! Props for you if you ever break , then you are as good as a individual with no work ROFL!
    Go back to your own brainwasher and fire storm the place.

  9. #19
    Senior Member ouuhyeaah's Avatar
    155
    I tried Foreign Exchange and got brainwashed by the idea that one can make a lot of money. Now I've quit for life as I have programs about how to make a lot of money and not work a 9-5 day job enjoy every thriving rich person on the planet. My conclusion about Foreign Exchange is FOREX IS A SCAM!!! You won't ever make a lot of money with Foreign Exchange! Props for you if you break , then you're as good as a homeless individual without a job ROFL!
    The bitter words of a failed would be Foreign Exchange trader, but do not worry, you're one of the other 95% that fail. Ask yourself why though - is it because you've given it your commnt that is absolute, but just cannot make a success of it? Have you ever spent virtually every hour of every day for the past couple of years studying the markets, learning gradually by trial and error what works and what doesn't, learning regardless of the fruion and disappointment that inevitably comes from significant doses on the way, since if you have not, then how can you be anything other than another failed statistic. That my friend, is your reality.

  10. #20
    Junior Member oxi21's Avatar
    1
    Forex or trading is like a business that is normal. If it is easy then everybody will be rich. Ever wonder where the 5% of traders make money and the rest get rid of money? It is identical in the world as well. Coincidence isn't it?

    Some companies break after a couple of years. Whilst making loses the key is to maintain the business. Why should trading be different if doing business is similar to that?

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