Indeed, this is an area that requires investment, for this you need to choose a broker who you can keep that way.
Albert Zieba
(Master_Z)
Member Since May 13, 2020
7 posts
Jun 28 2021 at 09:54
Consistent long-term work on a trading system is the only way to success in forex. But this does not mean that you should set a timer and after 3 years you will wake up successful. Everything will come up gradually, knowledge, experience and success.
The success is mine
LukeRachel
Member Since Mar 16, 2021
477 posts
Jun 28 2021 at 10:37
Trading should be done with long-term goals. It would be very difficult for me to trade in the Forex market if I wanted to get rich immediately.
Master_Z posted:Yes, I need to consistently increase my account profit. In this case, I have to combine many formulas.
Consistent long-term work on a trading system is the only way to success in forex. But this does not mean that you should set a timer and after 3 years you will wake up successful. Everything will come up gradually, knowledge, experience and success.
To increase consistency, trading psychology is very important. In most cases, after a good profitable trade, people lose more due to poor trading psychology. Most traders do not focus on improving his mindset.
in general, there are many investment options, the main thing is to choose for yourself the one that is closest to your understanding
Forex is a really great investment option. I think that this option can bring really good profit.
That is a nice approach to forex trading as an investment. You should plant the seed first and then nurture it gradually by practising and learning. You are highly unlikely to gain enormous profits overnight, but you can do it in the nearest future if you pull full efforts to it. Practice makes perfect and forex is not an ecxeptions of this rule.
Forex can really be used as an investment option. But you should be prepared for the fact that, in addition to profit, this option can also bring losses.
@croisssan Loss is a part of forex trading. That's why money management, risk management comes into play in trading. People who ignore this fact, eventually drop out.
Mikehamilton posted:Patience is very important in the forex market. There is no substitute for patience in doing ideal business.
Keeping patience is the ultimate key to making profits while trading forex.
Lionkingdom
Member Since Jul 29, 2021
24 posts
Oct 02 2021 at 21:35
There is no difference between whether you want to trade long-term and schedule a plan for the month, or you came to make a quick profit and leave. It's important that any approach is justified by your skills. I'm sure that among successful traders there are those who have achieved success, initially believing that forex is easy money, as there are those who achieved results gradually by painstaking work.
JessicaWade
Member Since Sep 20, 2021
2 posts
Oct 04 2021 at 07:01
Michihito posted:Forex trading is better than going to a casino because the spreads are lower, but it's still gambling, not trading or investing. Stocks grow at a rate of 12% each year on average. The best think is people can chose many payment methods. Currencies lose about 2% every year on average. To make it worthwhile, you must be extraordinarily skilled at currency trading. Only if you want to hedge your bets is it a good idea to exchange currencies.
Forex is an investment business. You need to build it gradually. Most people come into forex just to gain profits overnight. From the very beginning they live in the wrong concept pf forex trading. Forex trading is a work of professional. You have to treat it like professionals. Make a long term goal to build your account over years. I a
Forex is a really interesting investment option. The main thing is to correctly approach this issue and assess all the risks.
Lionkingdom
Member Since Jul 29, 2021
24 posts
Oct 05 2021 at 09:39
JessicaWade posted:a few % per year can be obtained from a bank deposit and this is not the level of earnings that can provide a good portfolio, but at the same time, it will be safe for you. For the real estate market, this is about 10%, but the risk is also low. The main aspect - do not buy a house near the volcano. But forex is a market of great opportunities, where you can have 10% per month. So a big profit involves a lot of risk and this is a direct ratio.Michihito posted:Forex trading is better than going to a casino because the spreads are lower, but it's still gambling, not trading or investing. Stocks grow at a rate of 12% each year on average. The best think is people can chose many payment methods. Currencies lose about 2% every year on average. To make it worthwhile, you must be extraordinarily skilled at currency trading. Only if you want to hedge your bets is it a good idea to exchange currencies.
Forex is an investment business. You need to build it gradually. Most people come into forex just to gain profits overnight. From the very beginning they live in the wrong concept pf forex trading. Forex trading is a work of professional. You have to treat it like professionals. Make a long term goal to build your account over years. I a
SteveHanks
Member Since Mar 17, 2021
536 posts
Nov 04 2021 at 18:14
skihav posted:Yes. You can earn a huge amount of money from this market.
Forex is a really interesting investment option. The main thing is to correctly approach this issue and assess all the risks.
Williamfreed
Member Since Aug 10, 2021
176 posts
Nov 22 2021 at 01:57
Therefore, you cannot consider it as an investment but rather as a business, since it requires you to always be involved in order to make a profit or a loss. It is not something you just give him money, he then needs to multiply it all by himself.
LyudmilLukanov
Member Since Jul 23, 2020
869 posts
Dec 08 2021 at 15:26
Forex turns out to be a good and favorable one when it comes to high returns and profitability.
RobertFerrari
Member Since Aug 15, 2021
415 posts
Dec 08 2021 at 17:07
LyudmilLukanov posted:It needs proper knowledge and skills.
Forex turns out to be a good and favorable one when it comes to high returns and profitability.