Is Forex risky?

May 25, 2022 at 08:37
2,304 Views
53 Replies
Member Since Jul 23, 2020   869 posts
May 25, 2022 at 08:37
Forex is risky because most of the traders don’t have any analytical knowledge and they don’t know how to select a right broker for them. As a result, they get upset easily. Traders should not get upset so easily rather they should sketch out a plan by following which they can go ahead easily.
Member Since Feb 16, 2022   119 posts
May 25, 2022 at 08:48
Wrong thgoughts, situation, wrong broker selection, lack of knowledge make Forex trading seem harder. But, these all things can be recovered only by earning knowledge. So, education should be given much priority by a trader.
Member Since Jan 06, 2022   19 posts
Jun 15, 2022 at 12:35
Yes, Forex trading is risky. Foreign exchange trading on margin contains a high level of risk and is not appropriate for all traders. The High level of leverage can bring you profits as well as losses in trading.

Before considering trading in foreign exchange, you should carefully examine your asset objectives, experience level, and risk appetite. However, many techniques are available in the market to control risk and profit from your trade. Risk management is critical in forex trading; if you don't do it correctly, you won't be a successful trader.
Member Since Aug 05, 2021   401 posts
Jun 15, 2022 at 14:14
While important, choosing the right broker doesn't guarantee any success when the person doesn't know what they're doing. Forex is risky yes, and it's hard to commit when you know that your time could actually result in lost money versus making more. A 9-5 job guarantees a paycheck but trading does not.
Member Since May 07, 2022   40 posts
Jun 16, 2022 at 11:15
Yes, forex is risky and difficult at first. However, once you understand it, you will be able to construct your own strategy and feel much more confident. When you trade, there is always the chance of risk, but with time, you develop the courage and confidence that makes you feel good about it.
Member Since Jun 03, 2022   26 posts
Jun 17, 2022 at 11:52
No way is an easy way of making money. You have to work towards success. If you don’t work upon finding what went wrong with your trades, you won’t really learn. You may think that you have already spent years on learning but the real experience comes from live trading. It is risky and you have to protect your account.
Member Since May 19, 2020   418 posts
Jun 20, 2022 at 14:11
Risky and difficult, but very profitable with the right approach.
A detailed market analysis, understanding of the market, a trading plan and a set of necessary mental qualities shifts the risk scale down and provides opportunities for earning.
@Marcellus8610
Member Since Jun 03, 2022   17 posts
Jun 21, 2022 at 08:14
Forex is not only risky but also difficult to trade if the trader is ill-equipped with the required skills and knowledge.
Member Since Jul 20, 2020   399 posts
Jun 21, 2022 at 10:39
MarcellusLux posted:
Risky and difficult, but very profitable with the right approach.
A detailed market analysis, understanding of the market, a trading plan and a set of necessary mental qualities shifts the risk scale down and provides opportunities for earning.
This is completely true, i would say however it isn't risky if done right. If you have a trading plan and risk 1% of your capital and also have backtested the strategy you can easily de risk
Member Since May 29, 2022   39 posts
Jun 22, 2022 at 05:21
First and foremost, you must recognise that forex trading is a high-risk endeavour. However, this does not rule out the possibility of somebody generating a fortune through forex trading. If you are a beginner and enter forex trading without much information, you will almost certainly lose all of your money.
Member Since Jun 12, 2021   132 posts
Jun 22, 2022 at 07:23
i never found at any business which is risk free , so of course forex will be risky. thanks. take it or leave it.
Member Since Apr 09, 2019   538 posts
Jun 22, 2022 at 11:01
Define risk? Many would argue getting out of bed each day is risky. Or that even getting into bed is risky. It's relative and the risk taken is controllable to an extent.
If you can't spot the liquidity then you are the liquidity.
Member Since May 19, 2020   418 posts
Jun 22, 2022 at 15:48
CraigMcG2020 posted:
MarcellusLux posted:
Risky and difficult, but very profitable with the right approach.
A detailed market analysis, understanding of the market, a trading plan and a set of necessary mental qualities shifts the risk scale down and provides opportunities for earning.
This is completely true, i would say however it isn't risky if done right. If you have a trading plan and risk 1% of your capital and also have backtested the strategy you can easily de risk

This is what I wanted to say, the right approach and professionalism turns risk into profit, and difficulty into the beauty of balanced trading.
@Marcellus8610
Member Since Jul 20, 2020   399 posts
Jun 22, 2022 at 16:47
AndrewMcCalam54 posted:
i never found at any business which is risk free , so of course forex will be risky. thanks. take it or leave it.
Very true a business that you have to purchase large amounts of stock at a decent price so you can make a profit has the risk of having unsold stock and can sink a person or company quicker than forex
Member Since Apr 03, 2021   470 posts
Jun 23, 2022 at 00:04
Forex trading is risky here based on some statistics more than 69% of traders or investor losing money in CFD market, here required good skills to become profitable traders, the profit today not guaranteed will get the same result for tomorrow, the market forex very dynamic and trader need to work based plan trading
Member Since Apr 22, 2022   2 posts
Jun 23, 2022 at 07:04
Forex is risky but we can minimize the risk. High leverage is attractive but i think optimal leverage is 1:100. Optimal leverage, enough free margin, technical analysis are key features for minimizing risk
Member Since Jun 23, 2022   1 posts
Jun 24, 2022 at 09:15
Dude, I don't agree with you. Forex is, on the contrary, considered reliable due to its advantages. This is an international market where you can profit by betting on the fluctuations between almost any currency pair. And anyone can trade in this market, regardless of citizenship and location. Only large, officially licensed companies can become Forex participants. These companies are called brokers. So if you know the system, you can try to analyze it yourself. A Forex broker is a necessary intermediary between the trader and the international currency market. Naturally, based on this, the choice of a broker is the most important step for any trader. What do you think about it?
Member Since Jun 02, 2022   20 posts
Jun 24, 2022 at 10:00
Traders aren't well-versed in the market. Foreign exchange trading can be risky. But if you are willing to put in the effort to learn and practise, you will succeed. You'll find it easier.
Member Since Feb 15, 2022   219 posts
Jun 28, 2022 at 14:40
NikkiStrickland posted:
Forex is not only risky but also difficult to trade if the trader is ill-equipped with the required skills and knowledge.
Actually, it depends on your own trading skill! If you are trading with a good trading skill, then surely you are out of danger (if you follow the proper money management rule)!
Member Since Apr 03, 2021   470 posts
Jun 29, 2022 at 00:09
Tipically forex trading is risky, however the risk will depending upon each trader, how they can manage money in forex market, trading high risk possible to getting high gain, but on other side, the risk to losing also increase, trading with less risky if trader already have good knowledge and experience, they can manage account properly based trading strategy, money management and risk management.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.