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Forex is not a bad business
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.
Mitglied seit Nov 03, 2020
63 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.
Mitglied seit Jul 23, 2020
816 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.
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.
Mitglied seit 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.
Mitglied seit Jan 11, 2019
140 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.
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.
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
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.
Mitglied seit 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
Mitglied seit Jul 23, 2020
696 Posts
May 20, 2021 at 06:17
True, it is not a bad business if you know its potential and trade patiently.
Mitglied seit Sep 12, 2017
232 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.
Mitglied seit 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
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
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.
Mitglied seit Mar 17, 2021
494 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.
