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Why is day trading not recommended for most people?

1.66K viewsOctober 28, 2020Forex
fhm100117 October 18, 2020 0 Comments
fhm100 Asked the question October 28, 2020

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fhm100117 Posted October 28, 2020 0 Comments

Hi

Most people think they will come into forex and make a fortune. However this is not the case most people lose money and some lose a fortune. It is very easy to lose a lot of money in forex quickly. Some people even treat the markets like a casino.

The problem is not with the market but with the lack of training they have the the easiness with which you can open an trading account and the broker will take your money.

How long do you have to train to be a lawyer, a doctor or a surveyor?

Right now some forex traders get paid far more than all of the professions I have mentioned.

It is possible you can make money in forex on a consistent basis. However you need to start slow, get a mentor, find a good signal service.

If you are willing to be patient and do the learning required you can be successful at it, just like any other profession.

fhm100 Asked the question October 28, 2020
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