Is Forex is a rewarding business or not ?

FTMO Trader Scouting

Pentat1936

Well-Known Member
If we do good trading in Forex and we always do proper planning and analysis before doing trading we can get very good results from this business I think no other business can give us a that much return which Forex trading gives us we can earn so much money from forex in very small time?
 

jack

Administrator
Staff member
Rewarding is going to be subjective.

Some people will feel "rewarded" based on the results.. like trading returns.
Others will find the process itself rewarding and the money is just a byproduct of following (and enjoying) good process.

People in the ladder category are typically better suited and more successful at trading as a business in the long term.

That said, I do not agree that "no other business" can give "that much return" in a "very small time"... Once you normalize for risk (your downside in terms of capital and time invested,) there are plenty of "sweaty" businesses that can do better.

I'm not saying you'd want to do such work, but if you go out and buy some cleaning supplies and a squeegee (under $40 invested,) and start walking around to local businesses offering to wash their windows for cheaper than their current service... you'd be risking the same amount of time, much less capital, and likely would see many multiples on your investment in the first month.

I mean, let's be real here. Trading is just like any other business in the sense of there's capital invested and at risk, time/labor required, and potential profit. If you measure by these factors, there's no need to glorify trading as 'better'. What it comes down to is far more related to people's interest and what they find rewarding in terms of process. If all you care about is the money / results, then go find a "dirty" job few people want to do and start a business around it.. you'll make money, have less risk, and be far less frustrated.

Personally, I'd rather be a trader. I love the process. Wouldn't change it for anything.
 

rod178

Well-Known Member
Most FX Traders lose money, eighty percent is probably conservative.
Most people are not suited to FX Trading
Most new Traders overestimate their ability
Most new Traders overestimate their future earning potential
Most people are better off working for someone else.
Most people are not worth employing. Estimate is that, at any one time, twenty percent of Employees perform eighty percent of the work
Most people significantly overestimate their contribution to their Employer
 

Akwin

Active Member
If we do good trading in Forex and we always do proper planning and analysis before doing trading we can get very good results from this business I think no other business can give us a that much return which Forex trading gives us we can earn so much money from forex in very small time?
Yes we can earn money from forex in very small time , but before that you should spend a very long long time learning about it , and practicing . In addition you should control your emotion. On the other hand you have to learn from all your mistakes and try not to do those mistakes again.
 
This is not necessarily the best mindset. If you set out to do forex trading to get rich quickly, you might as well be gambling. As you said, proper planning and analysis are important - and it takes a lot of time to learn to do that and improving your strategies is probably a life long process, and these things should come before the money.
 

Akwin

Active Member
This is not necessarily the best mindset. If you set out to do forex trading to get rich quickly, you might as well be gambling. As you said, proper planning and analysis are important - and it takes a lot of time to learn to do that and improving your strategies is probably a life long process, and these things should come before the money.
I strongly agree, money should not be our goal as beginners, we should learn as much as we can. Moreover, I believe that we should not let money run our life, but let money help us run our life better.
 
I strongly agree, money should not be our goal as beginners, we should learn as much as we can. Moreover, I believe that we should not let money run our life, but let money help us run our life better.
Definitely. I like to think having money is not an end goal but a means to help us achieve what we want in life.
 

ghaderbeigmiri

New Member
If we do good trading in Forex and we always do proper planning and analysis before doing trading we can get very good results from this business I think no other business can give us a that much return which Forex trading gives us we can earn so much money from forex in very small time?
absolutely, but not for everyone
 

Akwin

Active Member
Forex can potentially make a profit and help you make money.
It is a very profitable job to have if you are looking for a more free, unlimited by any boundaries type of job. However, be wary of brokers that are scam and do your research about scam companies before depositing your hard-earned money.
 
FTMO Trader Scouting
Top