Topic: Forex Trading is Profitable? - page 3. (Read 23523 times)
The forex market holds so much possibilities. While this is a fact, don’t get tempted into entering the market without adequate preparations. It is a market. That means your trading will either end in profit or losses. You can reduce your losses to a reasonable amount by gaining the required knowledge about the Forex Market. It’s not gambling. Your guesses will only cost you money.
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
As according to my opinion forex trading is beneficial in many aspects but it has some major faults too that it may be some time scam with the people that the traders are trading in it. And i don't want to say it 100% with the traders but it has to be a percentage which is not taken as consideration but it should be taken as highly observable and should make it better.
Dont know on what you've been talking about scams because forex brokers are heavily regulated and if you do talk about scams existing externally then this is where no market could able to avoid from this.Talking about profitability then of course it is profitable but depending on how someone would able to to trade in the market doesnt matter if its forex or crypto as long you do know on how to trade then it would be good.
THing here is that people trade up on forex could mainly notice out about the level of profits and of course with the volatility.
Forex Trading is beneficial as I say but a lot of people are also at a loss due to forex trading because that was due to their lack of experience and they were trading without analyzing the coins which are very important in trading. That's why they were at a loss. Although it is better for the traders.
suffering loss was not happen in forex market , we face it in any finance market when trading skill was not prepare well. If have no trading skill , it should not invest or trade in any finance market.forex and cryptorrency market need deep analisys for each entry .alot cryptocurrency traders or investors come from forex market due its potency , and for whose that previously be expert in forex will easily gain profits in market with their technical analosys.I have no experience with the currency market, but I understand that one of the advantages is that the volume is consolidated, so the technical analysis is much more accurate than in cryptocurrencies. In this case there is also a lot of volatility, only the cryptocurrency market is much easier for me because I know the logic much more, besides that one of the things that I do not like about the currency market is that you have to use brokers where Most of the time they demand excess KYC, especially for brokers and it is very boring that you make profits in a broker and that suddenly you cannot operate later because you are from a prohibited country, as in some cases has happened to some friends. I think all of this is what most keeps me away from that market.
As according to my opinion forex trading is beneficial in many aspects but it has some major faults too that it may be some time scam with the people that the traders are trading in it. And i don't want to say it 100% with the traders but it has to be a percentage which is not taken as consideration but it should be taken as highly observable and should make it better.
Forex trading can make you plenty of money but there is no guarantee . It is beneficial but as you know loss can happen anywhere. Forex trading is more volatile than any other financial market.
As I can say that forex trading may make you wealthy in case you're a fence finance with profound pockets or an curiously gifted cash dealer. But for the average retail dealer, you need to make it easy for yourself then only you will get profit.
It is quite difficult to work in this area without losses and not everyone succeeds in doing this, but this is a natural thing that needs to be accepted.
Forex Trading is beneficial as I say but a lot of people are also at a loss due to forex trading because that was due to their lack of experience and they were trading without analyzing the coins which are very important in trading. That's why they were at a loss. Although it is better for the traders.
suffering loss was not happen in forex market , we face it in any finance market when trading skill was not prepare well. If have no trading skill , it should not invest or trade in any finance market.forex and cryptorrency market need deep analisys for each entry .alot cryptocurrency traders or investors come from forex market due its potency , and for whose that previously be expert in forex will easily gain profits in market with their technical analosys.Forex Trading is beneficial as I say but a lot of people are also at a loss due to forex trading because that was due to their lack of experience and they were trading without analyzing the coins which are very important in trading. That's why they were at a loss. Although it is better for the traders.
suffering loss was not happen in forex market , we face it in any finance market when trading skill was not prepare well. If have no trading skill , it should not invest or trade in any finance market.forex and cryptorrency market need deep analisys for each entry .alot cryptocurrency traders or investors come from forex market due its potency , and for whose that previously be expert in forex will easily gain profits in market with their technical analosys.
Maybe I'm from an archaic era, many of the Forex traders I know only make their profits from those who are under their tutorship as apprenticeship. Haven't seen any Forex trader making it off the radar like the Crypto traders.
Yes forex trading is a profitable project. If you are a hedge fund with huge pockets or a very good currency trader then forex trading will be more profitable. If your aim is to make tiny and regular profit from price changes means that you are willing in short term investment then forex trading is more profitable. The forex market is significantly more volatile than other financial market where a skilled and dedicated trader may easily profit.
Forex Trading is good when you know the base skills of trading. A lot of persons have made it through forex trading. I still prefer cryptocurrency trading to forex trading because cryptocurrency trading still have a lot of ground to cover in term of development of coins or tokens that will make you a millionnaire or billionnaire within a short time. There is great future in cryptocurrency despite the challenging of this year.Very soon those that take time to invest will laugh in no time.
That's right .. actually all trades are good if we are experts in their fields. So it doesn't matter which one is better. Because I started knowing bitcoin and finally understood bitcoin, so I said bitcoin is suitable for my investment. Maybe there are people out there whose field is in forex and it works, I think he fits in there. So it depends on which one is comfortable and more profitable for you..and just do that. Of course forex trading is more profitable than all other trades but only those who have good knowledge about forex trading can benefit.Another important thing in Forex trading is swap free account. Otherwise you may face a loss rather than a gain.
There are a lot of useful hints to work with the mentioned helper. But, unfortunately, it is not the universal scheme for this type of work, Moreover, if you are looking for the other solutions, there are even more of them online.
Of course forex trading is more profitable than all other trades but only those who have good knowledge about forex trading can benefit.Another important thing in Forex trading is that you must understand the signal well. Otherwise you may face a loss rather than a gain.
With the right approach, it is quite profitable. For example, I use a broker from Amarkets for work, and the profit is fine with me. With the right approach, I can make good enough money.
It is good for you as you seem to have the background with the forex market. That's surely profitable for people like you and is aware of what they must do about it.But for those people that cannot do that much and don't have technical background and knowledge for it, they should just stay on the crypto market.
Forex trading actually makes a profit as long as someone has the skills. for me now is not where the trade is, but where is the skill of the traders to be there and survive
It not just skills but I think with forex trading, you have to have a considerable amount of capital because the movement of currency is stable meaning that it can only move by one decimal some time and a small capital isn't going to be a big profit even if you win with your trading.
Forex Trading is beneficial as I say but a lot of people are also at a loss due to forex trading because that was due to their lack of experience and they were trading without analyzing the coins which are very important in trading. That's why they were at a loss. Although it is better for the traders.
Forex trading actually makes a profit as long as someone has the skills. for me now is not where the trade is, but where is the skill of the traders to be there and survive
Forex is a huge market and you can make a lot of money from it. But if you do not have a lot of capital to invest in, you will not have anything there. Because the profit margin of winning is very small, so we need big capital to be profitable.
I think to win in Forex market, Huge capital is not the only key , you also need to be good at Technical skills/analysis which is more important to make entry and exit at right time as well as never placing an order without stop loss to save your capital from total loss otherwise your capital will disappear in weeks no matter how big it is. Once you learn and practice all rules of the game then making money is possible.
Forex really don't need huge capital before for a trader to be successful. You can build your capital gradually and the only thing to do is try not to be greedy to increase risk appetite and that is the major reason that investors can lose there money overtime and having margin call. For example there are required percentage of the capital that you are needed to risk at every order, like 1% of your capital is advised, when the capital increase then you increase also but don't forget your stop loss while trading.
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