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Topic: Can you really make money on Forex? - page 40. (Read 30021 times)

hero member
Activity: 616
Merit: 500
November 19, 2016, 09:48:11 AM
#90
those that think forex is risky see this

https://bitcointalksearch.org/topic/earn-1000s-plus-a-month-on-forex-trade-copier-join-for-200-one-time-fee-1664883

this guy making money on forex easy
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
November 19, 2016, 09:47:03 AM
#89
You can really possibly make  money  on  doing  forex trading but  its  not really easy  and   believe it  or  not   out  of   100% only 5%   are successful  on forex because   those  95%  do  burn  their  account   because  of  lacking  knowledge  on  trading . I admit  I do try it on  trading forex  and I could say  its  really  very hard   to do it because  currencies and  stocks  prices are too volatile you could anytime  burn your account if you  don't  trade smartly.
hero member
Activity: 1148
Merit: 504
November 19, 2016, 09:27:06 AM
#88
forex is very risky to trading the fluctuation of money is high everyday
I think that is too hard to get money on forex if we don't have a good analysis on the market

It is just the same with any kind of trading. If you do not do your work and analyze the market, you will get nowhere and earn nothing. But if you do your research properly and you study the charts and the market, you have a bigger chance to win and make a large amount of money.
sr. member
Activity: 375
Merit: 250
November 19, 2016, 09:17:40 AM
#87
I understand that it is possible to make money using Forex, but why do all the advertisements and groups on facebook look so much like a hoax. It's like they are trying to make Forex trading look like a Pyramid scheme. They use poorly edited images to try to get more people into Forex trading, why go through the effort to make it look so sketchy?
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
November 19, 2016, 09:10:35 AM
#86
Altcoin trade is considered as forex too?

I think that to make money with trades is required a lot of study, none newbie can do this, maybe you can have lucky on the first month or more but if you don't know exactly what are you doing, you will lose all your money. Nothing comes easy, knowledge is everything.
Yes you right knowledge is everything. I have an oppinion, I think trading cryptocurrency and trading forex is different. In forex there are technical term called margin call, pip and etc. But in cryptocurrency trading we only have two technical term called buy and sell. Peiple can make money in forex,  I am agree with your statement that need study to do trading forex,  if someone do this without knowledge it's just the same with gambling.

well the difference is mostly in the size and the popularity of the markets. the size or you can call it marketcap or the orderbook depths are different for example you can not dump enough of a currency in forex market to push its price down a big percentage. for that you may need a couple of tens of millions of dollars.

but in altcoins you can dump and push the price down to even 90% at times with only a very small capital. that is why there are so many manipulations going on in altcoin market and so many of old traders are tired and mad these days cursing all the pump and dump groups!
hero member
Activity: 672
Merit: 500
November 19, 2016, 08:37:18 AM
#85
Altcoin trade is considered as forex too?

I think that to make money with trades is required a lot of study, none newbie can do this, maybe you can have lucky on the first month or more but if you don't know exactly what are you doing, you will lose all your money. Nothing comes easy, knowledge is everything.
Yes you right knowledge is everything. I have an oppinion, I think trading cryptocurrency and trading forex is different. In forex there are technical term called margin call, pip and etc. But in cryptocurrency trading we only have two technical term called buy and sell. Peiple can make money in forex,  I am agree with your statement that need study to do trading forex,  if someone do this without knowledge it's just the same with gambling.
sr. member
Activity: 434
Merit: 250
November 19, 2016, 07:19:09 AM
#84
Altcoin trade is considered as forex too?

I think that to make money with trades is required a lot of study, none newbie can do this, maybe you can have lucky on the first month or more but if you don't know exactly what are you doing, you will lose all your money. Nothing comes easy, knowledge is everything.
legendary
Activity: 1540
Merit: 1003
November 19, 2016, 06:18:52 AM
#83
Anyone tried or currently trading forex is it possible to make money on it?

I haven't tried it ever so can't tell exactly if it is possible to make money there.

But what I have read is that the forex is pretty tricky and needs amount of money to invest (like any other trading), patient and read more about the currencies, stock markets etc.

We should be aware that also political things can affect the performance of the forex trading, rate etc. See when Trump won the election how the market has changed.


I tried it already, and it is just like alt coin trading, The only difference is the volatility of the price. The only reason why it needs a huge capital for trading on forex is because the price inflation their is just a small percent so it is useless if you have a penny and have a profit for small percentage. But if you have a million USD, forex is a great opportunity to earn money because it is safe and not like altcoin.

I wouldn;t be so sure about that forex trading is safe because if you remember the russian ruble then you should understand how risky it is.

I remember well that a year or two from now the russian ruble has dropped so down that people were not interested to sell anything to russia.

Also many companies, factories were moved from there just because ruble value which was dropped to the bottom.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
November 19, 2016, 04:00:07 AM
#82
Anyone tried or currently trading forex is it possible to make money on it?
Yes it's really posible many people try it. And earn enough amount  trading in forex.but it's hard if you do not have experience into this you need a good mentor to teach you about it. And learn more by experience.
You have to learn when you are in trading because that is your main weapon to be successful, skills can be develop but you need to devote your time in trading. Meaning, you have to spend time studying the market to have a good analysis that would result to success.
hero member
Activity: 854
Merit: 502
CTO & Spokesman
November 18, 2016, 11:51:26 PM
#81
Anyone tried or currently trading forex is it possible to make money on it?
Yes it's really posible many people try it. And earn enough amount  trading in forex.but it's hard if you do not have experience into this you need a good mentor to teach you about it. And learn more by experience.
hero member
Activity: 1302
Merit: 540
November 18, 2016, 11:45:34 PM
#80
Anyone tried or currently trading forex is it possible to make money on it?

I haven't tried it ever so can't tell exactly if it is possible to make money there.

But what I have read is that the forex is pretty tricky and needs amount of money to invest (like any other trading), patient and read more about the currencies, stock markets etc.

We should be aware that also political things can affect the performance of the forex trading, rate etc. See when Trump won the election how the market has changed.


I tried it already, and it is just like alt coin trading, The only difference is the volatility of the price. The only reason why it needs a huge capital for trading on forex is because the price inflation their is just a small percent so it is useless if you have a penny and have a profit for small percentage. But if you have a million USD, forex is a great opportunity to earn money because it is safe and not like altcoin.
that's right even cents counts so if you have millions of investment and you always got a bite of earnings its really going to be big
in less time the other thing is that also be eaten quickly so you need also to be more accurate and more skillful to manage your
entry.
sr. member
Activity: 378
Merit: 250
November 18, 2016, 10:05:12 PM
#79
Anyone tried or currently trading forex is it possible to make money on it?

I haven't tried it ever so can't tell exactly if it is possible to make money there.

But what I have read is that the forex is pretty tricky and needs amount of money to invest (like any other trading), patient and read more about the currencies, stock markets etc.

We should be aware that also political things can affect the performance of the forex trading, rate etc. See when Trump won the election how the market has changed.


I tried it already, and it is just like alt coin trading, The only difference is the volatility of the price. The only reason why it needs a huge capital for trading on forex is because the price inflation their is just a small percent so it is useless if you have a penny and have a profit for small percentage. But if you have a million USD, forex is a great opportunity to earn money because it is safe and not like altcoin.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 18, 2016, 08:12:50 PM
#78
Making money with forex is possible but I don't think that is for the amateur trader since you can lose everything in a single moment, and trading crypto is not much better in that regard, but if you are experienced it can give you very nice profits.
legendary
Activity: 1540
Merit: 1003
November 18, 2016, 07:04:58 PM
#77
Anyone tried or currently trading forex is it possible to make money on it?

I haven't tried it ever so can't tell exactly if it is possible to make money there.

But what I have read is that the forex is pretty tricky and needs amount of money to invest (like any other trading), patient and read more about the currencies, stock markets etc.

We should be aware that also political things can affect the performance of the forex trading, rate etc. See when Trump won the election how the market has changed.
legendary
Activity: 1512
Merit: 1041
November 18, 2016, 11:19:49 AM
#76
forex is very risky to trading the fluctuation of money is high everyday
I think that is too hard to get money on forex if we don't have a good analysis on the market
The highly risky markets are always good for making huge amount of money only if you are enough skilled to handle its fluctuations. OP is asking about how good Forex is for making money, the simple answer must be Forex is good for making money for anyone if he is ready to take same amount of risk.

Compared to bitcoin trading, forex trading is not recommended to new traders. In bitcoin trading you will always have the option of holding for future prices which is not possible in forex trading.
legendary
Activity: 1484
Merit: 1000
Leading Crypto Sports Betting & Casino Platform
November 18, 2016, 11:14:02 AM
#75
forex is very risky to trading the fluctuation of money is high everyday
I think that is too hard to get money on forex if we don't have a good analysis on the market
hero member
Activity: 705
Merit: 500
November 18, 2016, 11:09:08 AM
#74
I've never traded the real markets but i've read alot of pro-traders talking about how forex is probably the hardest market to trade in, since the more sophisticated money and systems are on it.

If you really need to ask such questions you are very far from being prepared to trade, and the markets will most likely kill you in a very short time.
There are many ways to learn valuable lessons about trading, while getting schooled by the market at the expense of one account after the other is surely one, it might not be the more efficient and economic.

Read, study, watch videos, paper trade, follow pro-traders, go on trading forums.
Getting profitable usually takes YEARS.
hero member
Activity: 1148
Merit: 504
November 18, 2016, 10:56:30 AM
#73
There is a lot of money in forex trading. But you cannot easily do it. For starters, you need a large amount of money before you can start trading. If you do not have capital, better start altcoin or bitcoin trading first. Sharpen your skills there and as you get better, start saving to have a shot at forex.
sr. member
Activity: 241
Merit: 250
Tokens That Store Virtual Energy
November 18, 2016, 05:16:03 AM
#72
Those who want to engage in trade in the Forex should be prepared for losses. Initially, these losses will often tonnes. you can not pour all your savings in forex
hero member
Activity: 742
Merit: 500
November 17, 2016, 05:15:06 PM
#71
Making money on Forex is possible , but without good knowledge about this domain it would be very risky method. Earning from Forex isnt guaranteed as you can lose your capital even if you have good experience.
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