Topic: Forex Trading is Profitable? - page 2. (Read 23560 times)
I did not try forex trading in my whole life. But heard about forex trading. A market where we can trade in currencies. Currencies such as euro, dollars, dinar, pkr and lira. These are all country currency. We can earn money by currency fluctuation. I did not try this market but just have a basic knowledge about it
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.
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.
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.
It's profitable to trade forex actually, Infact, I have alot of friends who are into Forex and they are all doing amazingly well, though I can't deny the fact that trading Forex coming with a lot of stress and sleepless nights, also, one have to be very current to news, most especially news concerning the currency market, government and dl their decision, one have to pay good attention to politics and governmental decisions because all this and many more are what drives the Forex market, and knowing all this is what brings the profits.
Same here and actually im also a forex trader but suddenly make out some jump in crypto 3 years ago when i do find out interesting whenit comes to volatility and nothing beats out when it comes to possible profits you could make which is more than with forex but when it comes
to lesser risk the forex does have it but not all traders would really be looking interested on forex once they have stepped on crypto and they would find it for themselves on how volatility could really affect their choices and decision.
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It's profitable to trade forex actually, Infact, I have alot of friends who are into Forex and they are all doing amazingly well, though I can't deny the fact that trading Forex coming with a lot of stress and sleepless nights, also, one have to be very current to news, most especially news concerning the currency market, government and dl their decision, one have to pay good attention to politics and governmental decisions because all this and many more are what drives the Forex market, and knowing all this is what brings the profits.
Yes, forex is really high risk. Starting forex trading must have extensive market knowledge. Skills and techniques for opening trades should be very careful. What is at stake is real money, and when you misanalyze the market it loses all. There is no way to hold on until the market recovers, because Forex trading is different from crypto trading.
Forex trading is more like crypto trading but in future market because it's easy liquidated when wrong move is taken so the risk is higher than crypto which could be trade on spot market and we will never lose our money if we are not sell it yet at loss condition but just losing the value of the coin.
So it's more expert and high risk on forex compared to crypto trading.
But both are profitable depends on how good the traders manage their assets to trade
so the same with crypto future you will be liquidited once you made a wrong move in it.. Sorry i don't have experience with forex but what i know mostly traders when it comes to it can really get good returns even in just a day. probably the leverage of assets in forex is higher than crypto ? If that so i wouldn't be surprised why mostly people preferred to trade in forex market instead of crypto even though the risk is almost the same. So it's more expert and high risk on forex compared to crypto trading.
But both are profitable depends on how good the traders manage their assets to trade
Starting a forex trading business is a fantastic concept. Forex trading offers its users a plethora of essential perks and advantages. Those who employ forex trading have reaped a great deal of benefit from it. It is the most effective means of accumulating wealth. It is easily available and lots of people are concerned and are involved in this sort of trading.
Any trade that I think can make a profit and forex trading is also profitable,after all it all depends on everyone's strategy and the risk will always be there,
Of course you need to explore forex trading to be successful and make a profit
Forex trading is more like crypto trading but in future market because it's easy liquidated when wrong move is taken so the risk is higher than crypto which could be trade on spot market and we will never lose our money if we are not sell it yet at loss condition but just losing the value of the coin.
So it's more expert and high risk on forex compared to crypto trading.
But both are profitable depends on how good the traders manage their assets to trade
forex trading is good to do. it's just that in my opinion it's not as easy as trading crypto. in forex trading we need to do many things including data analysis, price monitoring and also many other things. Experience in forex is also needed to keep assets running well and not losing in trading
I have never operated with forex trading, I know that there are many people who are dedicated to that type of trade, the truth is I do not know which will be more profitable, I only know one detail, which must be entered with a lot of money, while in crypto you can do Trading with little money and that is already an advantage, at least for me, because there are times when you have money and you do not want to spend, it does not cost anything to bet or buy a currency that may grow as time goes by, and As the market for BTC and cryptocurrencies are due to the fact that they are dependent on BTC, it is best to have altcoin when BTC rises in price, because altcoins tend to rise quickly.
In crypto, it's indeed that you can start with a small amount of investment and have that chance to earn huge,
While with forex you needed to start big and if you are conservative type of trader, you can earn small and do the rinse, it depends
from how trader percept or project his intention, there are people who choose forex and there are people who will go with crypto
most of them are inside this forum.
If, in fact, it is one of the advantages that crypto will always have, the advantage that I see for forex is that the analyzes are usually more accurate, of course seeing it from the point of technical analysis is much safer, this because the volume in forex It is consolidated, while the volume for BTC and altcoins is not consolidated, of course with the exception of some whales that must have developed the consolidated volume for their exclusive use, but it is difficult because the btc has many OTC markets, some are not registered in CMC like some Korean exchanges.
forex trading is good to do. it's just that in my opinion it's not as easy as trading crypto. in forex trading we need to do many things including data analysis, price monitoring and also many other things. Experience in forex is also needed to keep assets running well and not losing in trading
I have never operated with forex trading, I know that there are many people who are dedicated to that type of trade, the truth is I do not know which will be more profitable, I only know one detail, which must be entered with a lot of money, while in crypto you can do Trading with little money and that is already an advantage, at least for me, because there are times when you have money and you do not want to spend, it does not cost anything to bet or buy a currency that may grow as time goes by, and As the market for BTC and cryptocurrencies are due to the fact that they are dependent on BTC, it is best to have altcoin when BTC rises in price, because altcoins tend to rise quickly.
In crypto, it's indeed that you can start with a small amount of investment and have that chance to earn huge,
While with forex you needed to start big and if you are conservative type of trader, you can earn small and do the rinse, it depends
from how trader percept or project his intention, there are people who choose forex and there are people who will go with crypto
most of them are inside this forum.
So its up into your preference which thing you do you like the most on dealing with because the more volatility the thing is the more profitable it is if
it is done right but if not then same goes on its risk.
Forex exchanging may make you rich on the off chance that you are a mutual funds with abundant resources or a bizarrely gifted cash dealer But for the normal retail broker rather than being a simple street to wealth forex exchanging can be a rough thruway to colossal misfortunes and expected penury.
forex trading is good to do. it's just that in my opinion it's not as easy as trading crypto. in forex trading we need to do many things including data analysis, price monitoring and also many other things. Experience in forex is also needed to keep assets running well and not losing in trading
I have never operated with forex trading, I know that there are many people who are dedicated to that type of trade, the truth is I do not know which will be more profitable, I only know one detail, which must be entered with a lot of money, while in crypto you can do Trading with little money and that is already an advantage, at least for me, because there are times when you have money and you do not want to spend, it does not cost anything to bet or buy a currency that may grow as time goes by, and As the market for BTC and cryptocurrencies are due to the fact that they are dependent on BTC, it is best to have altcoin when BTC rises in price, because altcoins tend to rise quickly.
In crypto, it's indeed that you can start with a small amount of investment and have that chance to earn huge,
While with forex you needed to start big and if you are conservative type of trader, you can earn small and do the rinse, it depends
from how trader percept or project his intention, there are people who choose forex and there are people who will go with crypto
most of them are inside this forum.
With proper organization of work, it may well be profitable. A trader just needs to take the time to learn and gain experience. In this case, profit is quite likely.
Starting a forex trading business is a fantastic concept. Forex trading offers its users a plethora of essential perks and advantages. Those who employ forex trading have reaped a great deal of benefit from it. It is the most effective means of accumulating wealth. It is easily available and lots of people are concerned and are involved in this sort of trading.
Any trade that I think can make a profit and forex trading is also profitable,after all it all depends on everyone's strategy and the risk will always be there,
Of course you need to explore forex trading to be successful and make a profit
forex trading is good to do. it's just that in my opinion it's not as easy as trading crypto. in forex trading we need to do many things including data analysis, price monitoring and also many other things. Experience in forex is also needed to keep assets running well and not losing in trading
I have never operated with forex trading, I know that there are many people who are dedicated to that type of trade, the truth is I do not know which will be more profitable, I only know one detail, which must be entered with a lot of money, while in crypto you can do Trading with little money and that is already an advantage, at least for me, because there are times when you have money and you do not want to spend, it does not cost anything to bet or buy a currency that may grow as time goes by, and As the market for BTC and cryptocurrencies are due to the fact that they are dependent on BTC, it is best to have altcoin when BTC rises in price, because altcoins tend to rise quickly.
Starting a forex trading business is a fantastic concept. Forex trading offers its users a plethora of essential perks and advantages. Those who employ forex trading have reaped a great deal of benefit from it. It is the most effective means of accumulating wealth. It is easily available and lots of people are concerned and are involved in this sort of trading.
Because it is utilised by so many people all around the world, Forex trading is considered the most popular kind of trading. Forex trading is a popular way for people to make a lot of money every day. Another major feature is that you can trade continuously throughout the day, eliminating the requirement for opening hours. It is readily available to all folks.
forex trading is good to do. it's just that in my opinion it's not as easy as trading crypto. in forex trading we need to do many things including data analysis, price monitoring and also many other things. Experience in forex is also needed to keep assets running well and not losing in trading
However, both forex trading and crypto trading is not easy and I think both have their own advantages and disadvantages,so I don't think we can just compare them,
not only forex because in trading in crypto analysis is also one of the important things
forex trading is good to do. it's just that in my opinion it's not as easy as trading crypto. in forex trading we need to do many things including data analysis, price monitoring and also many other things. Experience in forex is also needed to keep assets running well and not losing in trading
It is true that crypto trading is easier than forex trading. That's why if someone is a forex trader and shifts to crypto, he can adapt well and easy.
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