Originally Posted by Eastonn
Everyone always says, that forex is risky. Is it that risky? If it is, why are we still out here trading in this risky market. What you think about this?
I can't work out if you're currently trading or thinking about getting into forex. I'm going to assume you're thinking about it so that my advice is more applicable to others too
I wouldn't say it's risky, you can easily manage your own risk levels
But I would say thought that despite how it looks like easy money, you are going to get pwned.
You're competing with people who literally do this for a job. It's all they think about all day.
You're competing with really smart people who write automated trading programs which stay ahead of the automated trading THEIR competitors wrote last month.
You're competing against firms who are so cutting edge they (I'm not making this up) install servers that are physically closer to the exchange so that they get an advantage by trading microseconds faster then other firms. Microseconds! Meanwhile you're going 'hmm will it go up or down?? maybe I should consult my astrology charts"
Run away from forex, absolute waste of your time.
You're 1,000,000,000x better off thinking about ways you can leverage off your unique personal skills and add value to peoples lives.