There are also many stories circulating about some Wall Street companies that lost millions of dollars, and the absence of regulatory laws exacerbates the risks of trading in the financial markets, and the difficulty of an individual trader can not be overlooked with major financial institutions with their advanced technology and tools for market analysis in addition to their ability to obtain information. Only a limited number of large brokerage firms access it. The Forex market remains attractive to a huge number of people looking for an opportunity to earn money and improve their standard of living, is Forex trading worth it?
Trading can be called profitable and worth the effort and risk you put into when a trader is:
Capable of making above-average profits.
Provides sufficient free time and keeps stress to a minimum.
Require a minimum amount of investment.
It does not involve a steep learning curve.
First, the possibilities of profit
When a novice trader is looking for other people's advice about opportunities to make money in the Forex market, the person who gives him this advice will probably tell him that there are unlimited opportunities to make profits, and in most cases this answer will be enough for the person seeking advice to have dreams of buying the car of his dreams!
But another person will say that he has doubled his capital but lost it later due to bad luck one day or because the market reversed his destination and other things that may happen while trading in the financial markets, here trading markets undoubtedly provide unlimited opportunities to make a profit, but it is simply not easy for everyone to take advantage of these opportunities.
Managing sentiment and dedication to work is one of the necessary factors for making profits in the Forex market and some deceive novice traders by saying that they can practice on a demo account for a few weeks and then jump straight to real trading, which they believe will guarantee them to earn a lot of money.
Second, rest times
The financial markets operate 5 days a week and close on weekends and this provides compulsory rest for traders for two days a week and compulsory breaks help the trader to regain his physical and mental activity and it is undeniable that Forex trading is superior in this regard to the rest of the other professions where the trader can stop working for a few days also when busy with some other things.
There are an unlimited number of external factors that determine the details of a trading deal, and for this the trader, regardless of his experience, will face certain pressures when opening trades, and in this case, losses will usually worsen when the trader falls under some emotional pressure, as he tries to recover his losses quickly by opening a new deal for revenge and the second trade usually ends with a larger loss, and all Forex traders remain vulnerable to falling under the influence of these psychological pressures, even the experienced ones, and the trader cannot ignore the impact The psychology of losses increases the pressure with each new loss, as making successful trades is just a rational guess.
Third: Stress in Investment
It is not possible for any trader to dream of earning millions of dollars when he starts investing $ 10, as reducing the investment amount and starting with a small amount will reduce the chances of growing the trading account to very small profit levels and is not worth this effort, and it can be said that the reasonable investment to start trading and achieve sustainable profits in the medium term varies according to the trading strategies followed and also from one account to another, as we provide 5 types of accounts with different features and differ with their initial deposit, such as ( In addition, leverage can be relied upon, but it should be understood that the absence of restrictions on the minimum or maximum capital required in trading does not mean in practice that the trader can make sustainable profits.
Fourthly Learning & Training
We provide in the company all the programs and educational tools to master trading, educational
resources are of great benefit and give the opportunity to acquire knowledge in the best possible way, but education and training take time to master trading, the technical and fundamental analysis takes a long time so that the trader can reach an accurate result that ensures him to achieve profits when applied in real trading, and it often happens that technical indicators give contradictory signals about the expected direction of the price movement, and this requires that the trader has accurate knowledge that allows It distinguishes between true and false signals, and some important reports may be issued but at the same time carry contradictory connotations and the beginner will find it difficult to choose the direction based on the general trends in the market.
No trader on earth can confirm that the next trade will make a profit just because his previous record includes a large number of successful trades and therefore many things are at stake as long as decisions to trade the markets full-time are one of the reasons why seasoned traders advise their novice counterparts to initially trade part-time.
Based on the above, we can say that currency trading will only be useful for people who do not face any financial problems and at the same time have a great desire to learn and train, while those who focus their eyes only on profits may be the best option.