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Topic: Can you really make money on Forex? - page 25. (Read 29984 times)

sr. member
Activity: 431
Merit: 250
April 20, 2017, 01:04:26 AM
The forex trading involves high risk and is not suitable for all investors, we have to admit it... The high degree of leverage can work in your favor as well as against you, this is a fact. Before you decide to trade, you should carefully consider your investment objectives, level of experience and risk appetite. Many people claim to be forex traders but they are just fly by night, forex requires knowledges and it takes time to get it. Traders in banks don't become traders in 1 week after intense lecture on forbes lol
Yeah right, the large number of speculators make everything uncertain, indicators and analyses are often not working, at present it is difficult to make money from forex.
legendary
Activity: 1176
Merit: 1024
April 19, 2017, 03:31:39 PM
Definitely if you know how to trade , but my friend said that it is more risky than trading in an exchanges site .The difference is the marginal trading .I dont know what is marginal trading im new to trading but i have some knowledge about it through my research .Trade is done with just a second or a minute and the market is so volatile you will only predict to play.
Yes, there is no doubt plenty of people are making money on forex. The best for someone while coming to exchange for the purpose of trading is that he must study and understands the market. After then it will be easy for the person to play in the volatile market. If some have a strong analytical skills and the person maintain a good portfolio he can make quite a handsome amount from it.
newbie
Activity: 37
Merit: 0
April 19, 2017, 09:49:39 AM
I started in the currency trade after i got my bachelors degree in economics, after that i studied econometrics trying to find mathematical similarities between GDP, inflation and so on...

I just wanted to share my story quick. Today i manage about 750 000 dollars as a personal fund, witch i grew from 250 dollars during 5 years in the forex market.
What i have learned during this time is that the emotional stability is really what will make you a winner. Almost every strategy out there will work to make consistent profits, but only if you as a trader is consistent.

I advise you to really work on your mind, start doing some mediation and find your inner zen and calm.

And never be to dependent upon others advice, make your own opinion and stick to it. I dont know how many times i have been called crazy by friends because they wont agree, but then the same choices they smashed me for made me large ammounts of money.

Dont be a part of the general trading crowd, but rather watch them and their insanity unfold in the market. Be the stable pillar in the chaos and weed out the noise.

Pretty abstract advice, but do try to take it to heart. This really are the idelogies that have given me my financial freedom.

LazyTurtle <3
hero member
Activity: 1148
Merit: 504
April 19, 2017, 08:39:25 AM
Its possible to make income at forex, i remember bet something like 20euros and after 3 hours i had closed the pair at 370 euros, the thing is were newbie, i went travel and left 4 positions opened without stop loss, the result were i had lost all while i were travelling, since then i had left forex, nowadays im more experienced but i dont risk at forex.

its true that there is money in forex. one should have enough experience and knowledge about forex. you should study the current market situation as well as market indicators.
newbie
Activity: 36
Merit: 0
April 17, 2017, 03:45:39 PM
I did not manage to make a lot of money on forex. This is due to the fact that I have a basic job in the office and a little free time. I can not constantly follow the course and be on the stock exchange. Therefore, I decided not to trade on the exchange
sr. member
Activity: 770
Merit: 278
April 17, 2017, 09:22:30 AM
Definitely if you know how to trade , but my friend said that it is more risky than trading in an exchanges site .The difference is the marginal trading .I dont know what is marginal trading im new to trading but i have some knowledge about it through my research .Trade is done with just a second or a minute and the market is so volatile you will only predict to play.
hero member
Activity: 1582
Merit: 523
April 17, 2017, 04:09:36 AM
In my own opinion we can really make money on forex but it takes time to earn money. Because in Forex theres needs to learn strategies, needs to learn the process on how it will works, how to earn money in this kind of service. It is nice if you start as demo so you can learn and practice your skills because once you start you will know already and you can earn profit.
sr. member
Activity: 868
Merit: 252
April 17, 2017, 03:53:57 AM
Anyone tried or currently trading forex is it possible to make money on it?
Yes we do can earn money from yet it's a matter of strategies and skills since you multiply your trade in forex which gives you a quick profir however it can also make you loss your trade quickly.

because the effect of foreign exchange swaps and margin calls will drain the contents of the money in our pockets, to be honest I like it more than the forex market bitcoin. Previously I was an active forex player, but my concern has shifted to focus fully to cryptocurreny market. I also disliked the broker system, more comfortable when playing alone.
sr. member
Activity: 518
Merit: 250
April 17, 2017, 03:48:51 AM
Anyone tried or currently trading forex is it possible to make money on it?
Yes we do can earn money from yet it's a matter of strategies and skills since you multiply your trade in forex which gives you a quick profir however it can also make you loss your trade quickly.
hero member
Activity: 574
Merit: 500
ClaimWithMe - the most paying faucet of all times!
April 17, 2017, 02:38:50 AM
Well I heard FOREX before I knew bitcoin but I have never tried that because my friend told me to invest a decent amount
which I cannot afford at that moment.Now, I am just focus my time in bicoin trading so I guess I do not need to shift my interest
since I'm getting good profit here.
Your friend was wrong anyway.  Putting a lot of money into Forex is a really bad idea unless you have some experience and have learned very carefully how to technical analysis.  Forex has huge profits sometimes but it can be really bad for people who go in there thinking they'll get rich and lose loads of money.  The same applies to cryptocurrency trading.
sr. member
Activity: 490
Merit: 250
April 17, 2017, 01:45:33 AM
I heard lot of people out there that they earned a lot of money in forex. Some made profile of proof. But it is too risky on having forex. You need to settle your mind that sometime you gonna lose on. Investing in forex is not a joke, you need good money to invest on.But if you are lucky then, you can have decent amount in forex just a good timing indeed.
hero member
Activity: 2772
Merit: 645
No dream is too big and no dreamer is too small
April 17, 2017, 01:38:21 AM
Well I heard FOREX before I knew bitcoin but I have never tried that because my friend told me to invest a decent amount
which I cannot afford at that moment.Now, I am just focus my time in bicoin trading so I guess I do not need to shift my interest
since I'm getting good profit here.
hero member
Activity: 574
Merit: 500
ClaimWithMe - the most paying faucet of all times!
April 16, 2017, 03:57:14 PM
Anyone tried or currently trading forex is it possible to make money on it?
I think its just a normal trading but in forex that is the biggest company in trading so I think yes because the pumping and dumping of coin there is so huge. And I think you can make money from forex just like any trading sites but you can loss some money there too. So I think you need to decide to invest there or not.

you are mistaking Forex market with something else and i have no idea what it is you are talkinga bout.
forex is foreign exchange market and it is where you trade currencies, the real currencies such as USD, EUR, CNY,... and it is a global market. there is no pump and dump, that is for shitaltcoins.

here read this: https://en.wikipedia.org/wiki/Foreign_exchange_market

He must have mistaken forex trading to cryptocurrency trading. Forex trading is also different to stocks trading since what is being exchanged here are the fiat currency and the word forex comes from the word foreign exchange which is the exchange between the fiat currencies in the world. But just like crypto trading sites forex trading also works that way but with the absence of pump and dump and shitcoins.
Forex trading and cryptocurrency trading aren't actually that different.  The only difference is that cryptocurrencies often don't have real use cases or stability for more than a couple of years at a time, but they're still both very high risk trades relating to the use of currencies.
hero member
Activity: 994
Merit: 544
April 14, 2017, 07:48:01 AM
Anyone tried or currently trading forex is it possible to make money on it?
I think its just a normal trading but in forex that is the biggest company in trading so I think yes because the pumping and dumping of coin there is so huge. And I think you can make money from forex just like any trading sites but you can loss some money there too. So I think you need to decide to invest there or not.

you are mistaking Forex market with something else and i have no idea what it is you are talkinga bout.
forex is foreign exchange market and it is where you trade currencies, the real currencies such as USD, EUR, CNY,... and it is a global market. there is no pump and dump, that is for shitaltcoins.

here read this: https://en.wikipedia.org/wiki/Foreign_exchange_market

He must have mistaken forex trading to cryptocurrency trading. Forex trading is also different to stocks trading since what is being exchanged here are the fiat currency and the word forex comes from the word foreign exchange which is the exchange between the fiat currencies in the world. But just like crypto trading sites forex trading also works that way but with the absence of pump and dump and shitcoins.
legendary
Activity: 2954
Merit: 1159
April 14, 2017, 06:54:01 AM
Anyone tried or currently trading forex is it possible to make money on it?
Yes it's really possible to earn money in forex but loosing in the same time. I see many people successfully earn a lot from forex trading but not all of us will be lucky into it. Honestly I'll never tried and i prepared to trade In altcoin than forex.

I agree with you, you may gain profit from forex because there were lots of people who tried this and got lot but you need to learn on trading, but never ever take away from your mind the fact of losing too. Also forex require a big investment to start with. If you are on the low side on investment, it may not help much and you may end up with Zero balance in a very short time.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
April 13, 2017, 09:59:00 PM
Yes you can make profit in forex but unlike in bitcoin, forex is exchange of real world currencies and global commodities. Forex is a very volatile than bitcoin trading so, you have to set a strategies and research to for you to maje profir
That is correct. Forex is very volatile to its price and it is more risky than bitcoin because every minutes the price of the real currencies in forex are moving so it will be hard and complicated for the newbies who want to start earning money in forex. It is best to just study the market first before trying it because you can easily get lose with that trading field.
hero member
Activity: 1232
Merit: 683
Tontogether | Save Smart & Win Big
April 13, 2017, 06:35:56 PM
Anyone tried or currently trading forex is it possible to make money on it?

Everything is possible, but i don't think it is LIKELY that you are able to make a long term income out of forex trading.

Fact is that forex markets are unpredictable at most, and sometimes it's just a pure gamble.

Also you've got so many people trying to sell you their services for forex portfolio management, and they offer you seemingly professional tips. They ask you to sign up under their affiliate link and promise you a return.
Of course, in the end you'll lose everything because he'll just execute as many trades as possible to get his share, and then run away.
There is no easy money made in the forex market, if you want to make money, then study the patterns, take a course before you even put a single cent in actual trading.
sr. member
Activity: 518
Merit: 271
April 13, 2017, 06:31:07 PM
Yes you can make profit in forex but unlike in bitcoin, forex is exchange of real world currencies and global commodities. Forex is a very volatile than bitcoin trading so, you have to set a strategies and research to for you to maje profir
legendary
Activity: 1110
Merit: 1000
April 13, 2017, 06:04:29 PM
I think you could really make money on it,
If they cant make some money on it I am pretty sure that there would be no Forex traders,
Just like in alt-coin trading I think it is pretty much the same.
hero member
Activity: 924
Merit: 500
April 13, 2017, 05:47:41 PM
Anyone tried or currently trading forex is it possible to make money on it?
I never try trading Forex, but according to my friend He do trade in Forex exchange but in loses big amount of money because He didn't follow what the broker instruction said, instead He makes his own idea, strategy, but He gained well in Forex trading after He learned a lesson. But about me, I don't have any plan to to do Forex trading, only bitcoin trading I am much preferred.
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