biggest frustration or obstacle you have had?

kimerald · #1 (**permalink**) 30-06-2010, 08:00

Trading seem so difficult esp for a noob. So I want to ask if anyone would like to share what is your biggest challenge about Forex trading. What is the biggest frustration or obstacle you have had so far in making this work as a real business? That way I can anticipate the problems that i might encounter in the future.

adria · #2 (**permalink**) 01-07-2010, 07:55

I faced the biggest problem in my trading career is the choosing of right fore broker. then i realised that when deciding if you would like to use a broker or not, you need to take all advantages as well as disadvantages into consideration. This is a personal decision, one in which referrals and recommendations are highly recommended when looking, or at the very least extensive research on your part. Choosing the right Forex broker, in the end, can make the difference between success and failure in the Forex market.

kimerald · #3 (**permalink**) 02-07-2010, 08:00

Hi adria, thanks for sharing that. I have been reading many forum threads researching about which broker to pick. It is very daunting indeed, it's hard to know who to trust =(

adria · #4 (**permalink**) 05-07-2010, 11:51

Well, i am happy that my adviced helped you. Try to read as many brokers reviews as possible and try to seletc the best one out of it.

shirley · #5 (**permalink**) 25-07-2010, 10:20

My biggest frustration was testing EA's/strategies and indicators and see how they fail by being profitless especially those that were sold with big promises.

adria · #6 (**permalink**) 28-07-2010, 11:32

Dont worry Shirley, many face the same problem. The only solution for this practice practice and practice.

jackie101 · #7 (**permalink**) 31-07-2010, 16:52

Traders feel this way because they think that they are being victimized by the market. They got into this situation due to the fact that they had unrealistic expectations in the first place.

jason · #8 (**permalink**) 10-08-2010, 13:12

There are two big challenges in Forex Trading which normally everyone has to face. First, you have to develop a profitable strategy based on years of experience. Then, you have to trade that strategy successfully, without allowing your emotions (greed and fear) to take over.

shirley · #9 (**permalink**) 11-09-2010, 14:23

My biggest frustration was testing EA's/strategies and indicators and see how they fail by being profitless especially those that were sold with big promises.