Is Forex Trading Really Hard?

[PhoneticNachos]

At least 95% of traders fail long term in forex.

Less than 1% are profitable past a four year consecutive point or longer.

As someone in that 1% threshold, now going on almost nine years, every single other trader I have known has failed/quit/dropped out of forex.

Scammers are a big problem too, one of the worst is ICT, and all the brainwashed cult sheeple who try to convince bigger fools through their rebranding nonsense called laughably "SMC/ smart money concepts".

 

[Sunfire]

Yes, forex trading is not an easy task. Your actions must be justified, you must have a large amount of information. To do this, you need to study technical and fundamental analysis to know when and under what conditions to trade, how and what world economic and political news and events can affect the currencies of countries and the market as a whole. And you need to study for a long time and not give up at the first failures.

 

[Zerologic]

Forex is indeed very hard, reaching the peak of success in forex trading is not as easy as many beginner traders imagine, but the potential for profits in forex is also unlimited, only what limits traders' profits is limited trading skills. The market is very dynamic, besides traders trying to work with trends, the role of money management and risk management is very crucial for survival.

 

[Sunfire]

It is also psychologically difficult to trade on Forex, when many traders cannot control their emotions, they often have fear, haste, greed or excitement, which leads to failures and losses.