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August 10 2013

Q&A: Forex seems to be more difficult to profit than the stock market? – goldsenze

Q: Forex seems to be more difficult to profit than the stock market?

I trade stocks regularly but was wondering if anyone found Forex more appealing than trading the DOW, NYSE or NASDAQ? Also, has anyone profited more than they thought they would? Please no answers trying to sell me your proven methods. Thanks.
Poloman1690, thank you for your honest answer and the link.

Goldsenze Answer:

Tough question. Pretty much you are just speculating which way the currency will go without any true analysis.

Go ahead and give me the thumbs down but there are no earnings or financial statements to make an educated guess. Sure there will be some who make money at this moment but who knows about the future. Someone could think that selling crack is a great investment but they will get burnt at some point.

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March 27 2013

Q: What makes forex trading so difficult? – goldsenze.com

Q&A: What makes forex trading so difficult?

I’m trying to learn a little bit about forex trading, but I’ve only just begun, so please excuse the stupid question. :)

I’ve heard that 90% of people who try forex trading lose everything in the first six months. Why is this? If you make a poor bid and it loses value, couldn’t you just hold onto it (for days or weeks if needed) until it improves in value again? Surely people don’t deliberately sell stocks at a loss?

I’m probably missing something very obvious, haha. Thanks for your help!

Answer:

Forex trading requires you to create a methodology, a technique to trade, a management plan (Risk and trade) , a sound trading mindset ( being honest with oneself, taking full responsibility for your actions,self discipline,patience, realistic expectation,focus,confidence in your self and your method to trade right, managing your emotions like fear and greed and how you handle good and bad times) last but not the least a methodically written down or tangible trading plan which will be your guardian angle and guide you in times of great profit and looses and will help you stay on the path

Either way traders lack any 4 of these !

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