Whether you trade forex, crypto, futures, stocks or options. Its all pretty much the same. They are all insanely difficult to generate a profit in. Especially on lower timeframes rather than using a "set it and forget it investment approach".
Forex has its benefits and its cons. Most exchanges give you high leverage because forex has small moves and it would be very difficult to make a profit without leverage. The markets have great liquidity, so you won't get a 20% day with forex like you do with crypto.
I think the cons is that it takes decades of experience to master it. There are tons of main pairs and exotics and they can be hectic at times. Especially during news event or employment numbers.
So open a demo account, try it out and see if its for you. Most likely you will make money on demo, but with a real account you will find it more difficult than imagined.
Forex has its benefits and its cons. Most exchanges give you high leverage because forex has small moves and it would be very difficult to make a profit without leverage. The markets have great liquidity, so you won't get a 20% day with forex like you do with crypto.
I think the cons is that it takes decades of experience to master it. There are tons of main pairs and exotics and they can be hectic at times. Especially during news event or employment numbers.
So open a demo account, try it out and see if its for you. Most likely you will make money on demo, but with a real account you will find it more difficult than imagined.
I became interested in Forex so I looked for information here too. I read your opinion and I must agree with you. Forex is not a system where you can come from the street and raise just raise your money like a fallen dollar. However, the economy is in such a collapse that it makes sense to have this option as a backup. For now, I'm just going through the tutorial and trying something on a demo account - https://www.forextime.com/education/forex-trading-strategies And one question interests me. Do you really think it takes several years to become an adequate professional here? On the one hand, 10 years is a very long time. But starting to work only on the principles of intuition and luck in terms of leverage is not the best idea in a crisis. How do you find the middle ground in this?
