We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.
Off course! Forex is the most profitable business if you know how to actually play with it. It requires a lot of practice and research to become a successful Forex trader. It is difficult to say that you will instantly become the master of trading within a short time span. In the beginning, it’s obvious to incur losses as a part of the training time. But, in the long run it will prove its worth. There are a bunch of factors that result in successful trading like; choosing the right broker, using the correct strategy and not focusing on any particular type of analysis. Using both Fundamental and technical analysis leads to better trading.
Mohammadi posted: If you want to be profitable by scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.
Do you think, trading spread is more important than having a good scalping trading strategy? I am really interested to know your opinion.
If you want to be a profitable then you need to wait for long time. Need vast knowledge about trading and practice. at least 2-5 yrs experience needed for income.
Yes it is profitable ... at least for me :-) A few years of research and work led to some really gratifying results in autotrading. You can decide to have income or growth (to have both is a bit of a challenge). Check my results to see it for yourself. I'm not selling my robots, but I'm open to collaborations.
Yeah Trading is profitable, as you can see on my profile. Forex is not profitable. Forex is a currency market. Which should have zero sum of all buy and sell orders. And it is not due to all manipulations.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.