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Forex is not a bad business

Nov 22, 2020 at 07:04
1,494 Views
32 Replies
Member Since Jul 19, 2020   298 posts
Nov 22, 2020 at 07:04
Forex is not a bad business. It's the individual who makes it good or bad for him. If you trade without having any knowledge and skills, it will turn a bad business for you. But if you are interested in learning and keep continuing your learning it will turn as a good business for you.
Member Since Nov 03, 2020   65 posts
Nov 22, 2020 at 07:53
Indeed, forex is a certain kind of business that requires maximum time and investment in order to get a result.
Member Since Jul 23, 2020   869 posts
Nov 22, 2020 at 17:07
Cordawield posted:
Indeed, forex is a certain kind of business that requires maximum time and investment in order to get a result.
Sorry I don’t agree. You can earn money from forex with spending little time and investment.
Member Since Jul 19, 2020   788 posts
Nov 23, 2020 at 03:11
If it is possible to develop proper knowledge and trading skills, then Forex will bring you many benefits. But if you join trading without learning anything, then the loss is inevitable in Forex. In each case, disciplinary action must be taken.
Member Since Mar 16, 2020   54 posts
Nov 23, 2020 at 05:53
If you have a proper knowledge in forex which never ending btw then i think it is not a bad business after all.
Member Since Aug 09, 2017   785 posts
Nov 23, 2020 at 07:15
FOREX IS good business or not , it depends on your mentality , if you take this as a professional business then its okay , if not you will regret.
Member Since Jan 11, 2019   147 posts
Nov 23, 2020 at 10:51
forex is a good business if done with proper manner and study. it is not a bad business at all.
Member Since Sep 19, 2019   16 posts
Nov 23, 2020 at 12:17
Any area of expertise that can be used to raise capital is a business. The most important dilemma is the risk inherent in financial markets. Not every businessman is willing to spend time and money in a high-risk business.
Do not be greedy and invest in your business as much as you can.
Member Since Apr 18, 2017   718 posts
Nov 23, 2020 at 12:58
in Fx risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  
Member Since Nov 02, 2020   36 posts
Nov 24, 2020 at 07:25
AniLorak posted:
having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.

Yes, losses are a part of a trader's journey. But we have to learn to mitigate them
Member Since Nov 24, 2020   1 posts
Nov 24, 2020 at 07:41
There is no business where there are no risks. Managing your risk is a recipe for success in any business. The beauty of the FOREX business is that your profit and loss is calculated per second for you to see and for you to make adjustment immediately. Unlike trading in physical product where you have to wait for periodic account. You can determine ab initio your risk tolerance.
Member Since Jul 06, 2020   4 posts
May 19, 2021 at 16:47
Forex is not a bad business. It's the individual who makes it good or bad for him. If you trade without knowledge and skills, it will turn into a bad business for you. But if you are interested in learning and continuing your education, it will turn into a good business. I can recommend a staffing factoring company
Member Since Jul 23, 2020   759 posts
May 20, 2021 at 06:17
True, it is not a bad business if you know its potential and trade patiently.
Member Since Oct 16, 2020   137 posts
May 20, 2021 at 11:51
Forex is all about knowledge. Invest good amount of time in learning and demo trading before you even think of going live. People who take the pains to know the market will definitely gain from it.
Member Since Sep 12, 2017   238 posts
May 20, 2021 at 17:16
I wont consider forex as a full time business. It can be a part time business as you always needs a back up money for it.
Member Since Mar 28, 2021   617 posts
May 30, 2021 at 11:47
It's likely to earn million from currency just in case you've got enough skills and experience. And also to get enough skills it takes years. Do not become frustrated by reading it. This really is actually the fact but few talk it.
Member Since Jul 19, 2020   751 posts
May 30, 2021 at 12:36
Forex trading is not an easy source for earnings. Successful forex trading demands a whole lot of wisdom and experience. Plus it takes years of experiments and research to accomplish this level.
Member Since Aug 19, 2019   7 posts
Sep 07, 2021 at 10:26
Forex trading is majorly done to earn profits from variations in the value of a currency. It is a well-known fact that values of currencies keep on changing due to different political and economic factors, including inflation, the balance of payments and interest rate variations. The movement in the price of currencies makes it attractive for forex traders to take positions in the forex market. Undoubtedly, trading in forex market comes with a risk. In this context, let us highlight key risks one needs to take into account while actively trading in the forex market:
Risk resulting from changes in the value of the currency.
Possibility that an unsettled currency position may not be repaid as decided, owing to an involuntary or voluntary action by a counterparty.
Risk of not receiving funds from a failed bank.
Settlement risk occurring due to variations in time zones of different countries.
Leverage risks in volatile market conditions due to the aggressive use of financial leverage.
Don’t forget, Warren Buffett’s famous quote, “Risk comes from not knowing what you’re doing.”
https://kalkinemedia.com/definition/f/forex-trading
Member Since Jun 06, 2020   18 posts
Sep 09, 2021 at 18:47
I believe that forex isn't a bad business mainly because it potentially can help you to acquire some money in order to provide yourself with various needs. So, hence we can't state that it's a bad business. It might be bad only for those traders who weren't able to earn money at forex. For those who successfully trading it's not a bad business. For some of them it's a like an airbag in case they would lose their primary workplace, for others it's a primary workplace which they dedicate lots of time. So, here, everything is quite individual and I guess that every trader relates to forex trading according to his/her personal condition.
Member Since Mar 17, 2021   536 posts
Sep 18, 2021 at 20:55
Unellene posted:
where big money is spinning cannot be a bad thing, only if you fall into the hands of the wrong broker, then such an opinion develops
Yes. A good broker is very much needed to make money in this market.
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