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Very tough business.
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BotTracking

Member Since Nov 05, 2019  9 posts BotTracking Nov 20 2019 at 10:30
45656 posted:
Forex trading is really very tough business in the world for the Forex traders. But in spite of being so tough for earning money unlimited people do interested in this business. If you want to do trading in Forex you have to enough skilled at all. The traders who are very skilled and experienced can achieve his trading success early and easily. Without good trading skill you can only loss.


Keep going, my friend. Don't give up now. You can make it in the end. Forex is tough but people fail because they are not prepared for the long tough journey you must have to learn it properly before starting trade. Earlier on you should create a demo account and practice more and more.

lazilybento

Member Since Sep 17, 2019  8 posts lazilybento Nov 20 2019 at 11:10
But do people really make it. How many people have you really met who are genuinely rich Forex traders who started as a normal guy and worked his way up. I have not met any

camerongill

Member Since Aug 16, 2011  63 posts BankingOnBullion (camerongill) Nov 20 2019 at 12:08

They say that trading currencies is of one of the hardest and most stressful professions!

I tried for a while and then packed it in and moved to trading spot gold, whilst it is still unpredictable, it is not as volatile as forex.

I think with forex the main people who are making money are the brokers and the top 1-2% of traders.

Still, look on the positive side, there are a heck of a lot of worse hobbies to have out there! When trading you are keeping up with economic announcements and learning about fundamentals whilst testing technicals. Plus there are other ways to make money from forex, not just from your trading account, you can get subscribers, you can do youtube channel for revenue from ads, you can get rebates to improve profitability, you can trade with other peoples money with a range of prop trading outfits out there, the list goes on...

from the developer of the Gold Trader trading strategy...
Forexquanten

Member Since Jul 16, 2019  9 posts Forexquanten Nov 20 2019 at 15:05
forex trading is of course not easy to learn, but look at my account from 25 dollar up to currently 400 dollar and my goal is still big i want to trade the account up to 25k. That way i think i can show people that it is possible to make money with trading but i dont say its easy. mostly people which lose in forex, do lose because they dont know what they do and at same time they do it with to much volume.

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Nov 21 2019 at 06:06
lazilybento posted:
But do people really make it. How many people have you really met who are genuinely rich Forex traders who started as a normal guy and worked his way up. I have not met any


Forex is profitable if you trade properly.
The difference between someone who is profitable and someone who blows their account is the proper use of risk management.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Imamul

Member Since Aug 09, 2017  436 posts Imamul Nov 25 2019 at 08:49
there is no real chance
to bring biggest profit ratio until ensuring
 a most powerful analyzing money management.

 its the main rule. 

mikekhod

Member Since Sep 29, 2016  42 posts Mike K (mikekhod) Dec 05 2019 at 07:40
Forexquanten posted:
forex trading is of course not easy to learn, but look at my account from 25 dollar up to currently 400 dollar and my goal is still big i want to trade the account up to 25k. That way i think i can show people that it is possible to make money with trading but i dont say its easy. mostly people which lose in forex, do lose because they dont know what they do and at same time they do it with to much volume.

Very nicely done but the 25 dollar to 25k. You obviously trading to make money, you wouldnt host 3 places..why not mql5 btw?
On the same note, i would imagine you are trading other accounts? As we all know its not easy so why just do a 25 dollar account.....not much more money to profit larger? could it be that you run 25 dollar on many accounts and this one worked so now you are making it a signal?
Currently his signal is gridding gbpusd short
maybe its just me...

I consider people like me as 5-10% in the world. Good people who love to make money ONLY If its NOT by doing wrong. Otherwise i rather be poor
Smith88

Member Since Oct 08, 2019  12 posts Smith88 Dec 07 2019 at 09:52
Professional4X posted:
Forex is profitable if you trade properly.
The difference between someone who is profitable and someone who blows their account is the proper use of risk management.

Couldn’t agree more. Managing risk is only that demarcation that takes you to losses or profits. Traders missing this part of trading hamper their success.

Imamul

Member Since Aug 09, 2017  436 posts Imamul Dec 09 2019 at 10:05
in Forex trading the main strength
 is knowledge and experience.
so increase your knowledge and earn more money.  

TheGreatRecycler

Member Since Sep 25, 2019  7 posts TheGreatRecycler Dec 09 2019 at 15:12
knowledge of what? There is so much information our there and so much of it is junk. One could spend years reading junk and make no progress

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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.