Forex Trading is Profitable? | Bitcointalksearch.org

Sayeds56

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Quote from: Desmong on January 16, 2022, 07:16:44 PM

Is there any financial market that is not profitable? The Forex market is profitable just like the crypto market is project to some traders. We protraders in forex market just like we have in the crypto market too, who are milking heavily daily from the market. All we have to do is to get the skill with a focus so one can also join the league of the milkers that had been enjoying the secret of the market.

The crypto market is much more volatile compared to Forex market because its market cap is less than Forex but still there are more winners in crypto. In forex traders mostly take positions in future market which is highly risky and requires Technical and money/risk management skills to be successful whereas in spot market if you buy Bitcoin or good Alts and hold them for long term you never lose as price always goes up in the long term. This is the reason Bitcoin has created many Millionaire during the past one decade.

Desmong

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Is there any financial market that is not profitable? The Forex market is profitable just like the crypto market is project to some traders. We protraders in forex market just like we have in the crypto market too, who are milking heavily daily from the market. All we have to do is to get the skill with a focus so one can also join the league of the milkers that had been enjoying the secret of the market.

Oilacris

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Quote from: kapalmabur on January 16, 2022, 06:06:05 AM

Quote from: CDC AP on January 15, 2022, 02:13:24 PM

Forex trading entails risk and there is a great possibility of one losing the whole of your investment if the trend go against your open position. Investment is a risky venture and of a truth it is very difficult to succeed in it in both forex and cryptocurrencies if you are not a professional or skillful trader.

Forex trading or crypto trading both have the same risk and that is part of trading for sure,
that's why we must have knowledge and skills,
having both of them can help support in trading

Dealing with both things wouldnt really be simple and if you do came from forex trading then you would be finding out that crypto is somewhat interesting yet their main difference would be the level of

volatility itself and I myself is a forex trader back in the past but returns are just too low or volatility is way too small but still a risky thing to deal with if you dont know on what you are doing.
Of course it is profitable but it would vary on how big or small your lot size would be putting up and same goes here on crypto.There's no such thing about safe haven
on any trading market you've been involving with.

kapalmabur

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Quote from: CDC AP on January 15, 2022, 02:13:24 PM

Forex trading entails risk and there is a great possibility of one losing the whole of your investment if the trend go against your open position. Investment is a risky venture and of a truth it is very difficult to succeed in it in both forex and cryptocurrencies if you are not a professional or skillful trader.

Forex trading or crypto trading both have the same risk and that is part of trading for sure,
that's why we must have knowledge and skills,
having both of them can help support in trading

CDC AP

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Forex trading entails risk and there is a great possibility of one losing the whole of your investment if the trend go against your open position. Investment is a risky venture and of a truth it is very difficult to succeed in it in both forex and cryptocurrencies if you are not a professional or skillful trader.

aranacj

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Forex trading is almost the same as leverage trading in crypto currencies.

It is a high rewards high risk game. So for me with a personal experience losing money trading Forex I can say it's not profitable to me.
A lot of leverage traders makes money but that requires a lot of knowledge when it comes to economic indicators and news around the world.

It depends on people as some are losing and some are profiting from it.

Woodie

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Of course forex trading is profitable but it comes at a price. For one to be deemed profitable you need to learn the skill of patience, only getting profitable and analyzed setups and also learn how to read charts themselves to give oneself the edge over the brokers. You also have to remember that you wont always win as losses are part of the art of trading and once all these are mastered you should be a profitable trader in no time.

panukurap

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Of course forex trading is profitable, if not why are there still people who are members of it. Some of the advantages of forex trading are: first, forex trading can be done anywhere because it is very flexible. Transactions in forex trading can be done through applications provided by online forex brokers. With the availability of internet access in almost all places, of course, it will also make it easier for traders to make transactions. The second is the results of Forex Trading Profits Can Be Felt Immediately.Another advantage that traders can get is that they can take advantage of price increases that come from the difference between the purchase price and the selling price on the buy order. Meanwhile, when making a sale, the profit will be obtained from the difference between the selling price and the purchase or closing price. Those are two things that can be an illustration of the benefits that will be obtained if you join in it.

globalpain

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Quote from: ?? on ??

Many people already know what it`s all about, but to be successful in trading you need a lot of knowledge in this business. I've been into it for about 4 years now.

Many people only know in general without studying it deeper or more precisely, it can be said that they just know,
Forex trading or crypto trading can both make profit as long as we can use it well

nhaila

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Quote from: Mr.trader on December 12, 2018, 10:35:21 AM

forex trading is profitable if done correctly it will replace our jobs for sure

Forex trading more profitable than cryptocurrencies trading but I am sure forex trading also risky more than cryptocurrency trading. I know so far forex trading platform only for good experienced person who have a good amounts of knowledge and skills. But forex trading not for newbies or beginners.

Qikiye

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Crypto currency trading and Forex trading completely the different trading platform but Forex trading more difficult than cryptocurrencies trading. In Forex trading risks management higher than cryptocurrencies trading.

aquafinewater

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I think it's risky because mostly say we loos money in forex I never use this so I recommend you if you're newbies never try to take risk in this this is for experience user so newbies face loose easily in this

martina14

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Before I don't like Forex trading I am much favored in the crypto trading. But this recently, I am little bit curious about Forex, though I know we can earn on this matter, but on the idea I had on this is that there is limited time for doing trade, just correct me if I am wrong with my understanding. That might be the reason I am doubtful for this things.

Sihab76

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Quote from: Shagnasty on December 15, 2021, 01:23:38 PM

Forex trading is very risky trading because use leverage and margin, but we are still possible to earn profit from it. We have to learn and try it first in demo account until we make profit consistently. I think we have to try in demo account in a few month to test all different strategy and risk management. If we already make profit consistent in 4 or 5 month in demo account we can use the same strategy in real account.

Of course forex trading platform is very difficult to general cryptocurrency trading because sometimes forex trading traders Don't understand signal and margin because they sometimes face huge amounts of losses instead of profits.

Issa56

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Seriously forex is really profitable but is not also easy, I know lot's of people which are doing it and they are making money, I once tried it but I noticed forex wasn't my way I was losing too much money so I have to stop and focus on cryptocurrency trading which I really know much about.

LUCKMCFLY

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Quote from: carrigan on December 13, 2021, 10:41:52 AM

Many advantages are obtained from forex trading, for example, traders can take advantage of price increases that come from the difference between the purchase price and the selling price on the buy order. Meanwhile, when making a sale, the profit will be derived from the difference between the selling price and the purchase or closing price. An example is the cost of withdrawing funds from a forex account.

Is it very difficult to retire? Honestly, I don't have a very good experience with forex because one of the brokers who most wanted to enter, they told me that I could not be in a trading competition because I was in one of the prohibited countries for them, the highest point is that the one who told me That is from my own country, so that disappoints, on the other hand in crypto you have all the best facilities to withdraw money and to be able to do any type of registration, I know that there are many sites that do not support certain countries but they are not all.

AakZaki

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Quote from: Smitty Werben Man Jensen on December 15, 2021, 10:50:26 AM

Basically, both forex and crypto trading have their respective advantages and disadvantages,
in crypto we can make big profits quickly but the risk is also the same,
what is clear is that it comes back to each other's preferences

Everyone's preferences or views are different. I started everything from crypto and my preference is more crypto because fast fluctuations or high volatility make profits faster and it does have a high risk too. It's just a matter of how to manage it properly and correctly. Learning to trade with technical and fundamental analysis is a must.

Shagnasty

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Forex trading is very risky trading because use leverage and margin, but we are still possible to earn profit from it. We have to learn and try it first in demo account until we make profit consistently. I think we have to try in demo account in a few month to test all different strategy and risk management. If we already make profit consistent in 4 or 5 month in demo account we can use the same strategy in real account.

aquafinewater

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Forex trading is not too much profitable because it's a just copy trading so user easily stuck in this then no way to save fund so I recommend stay away from forex many best platform Available in market for trading

Smitty Werben Man Jensen

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Quote from: AakZaki on December 15, 2021, 07:38:20 AM

Quote from: smartaction on December 13, 2021, 07:02:31 AM

Forex trading is better coz of Forex trading is any country’s local currency and company share based. That's why you will not loss a big amount on forex trading if you take a wrong entry. But crypto is much profitable then Forex but here also have a high risk. you can loss your big amount of money if you take a wrong entry on crypto trading. that's why Forex is safe then crypto.

Forex or crypto both have the risk of losing money if not done well. Forex is not very volatile, while crypto has a very volatile market. But the profits made in crypto will be more and more quickly if we can take advantage of the volatile market conditions.
First I got to know my trading started in crypto and I think it's more comfortable in crypto because the market moves faster and there will be no holidays.

Basically, both forex and crypto trading have their respective advantages and disadvantages,
in crypto we can make big profits quickly but the risk is also the same,
what is clear is that it comes back to each other's preferences

Topic: Forex Trading is Profitable? (Read 23522 times)