Forex market offers great opportunity but unfortunately most people can not materialize the opportunity due to lack of knowledge and skills. They treat it just like gambling. As a result they can't make consistent money.
Actually it’s only in this market that one can make use of technical indicators so well to gain profits. I was into binary trading earlier and nothing seemed to work in there to be able to correctly predict the market trend.
UweMoench posted: Forex market offers great opportunity but unfortunately most people can not materialize the opportunity due to lack of knowledge and skills. They treat it just like gambling. As a result they can't make consistent money.
Yes, I think some people still confuse trading as gambling when it is both completely different in every aspect, apart from winning and losing
Trend trading works perfectly in forex. After I started applying strategy involving bollinger bands along with keltner, my profits increased by almost 5% on fxview and avatrade. There is hardly any instance now where I trade against the trend.
LyudmilLukanov posted: True. It is one of the best income sources online right now.
Best income for the skilled trader, because on negative edge, trader losing money in the forex market Choosing a broker I think important, I use FXOpen because offer low spread and available market for forex, crypto, commodities, shares, and indices
I suppose forex market is a good opportunity to earn money. First of all, you need to know a lot of info about the market. In order to understand the market and choose the right broker for trading, you need to learn all available info about brokers. You can surf the net and read this information. I can recommend u one site which calls Finarm. It's pretty convenient and can give you some insights. You can visit it and learn all necessary information.
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.
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Past performance is not indicative of future results.