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Forex is not a bad business

Tiffany07
Nov 24 2020 at 07:25
31 Posts
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

SunnyO
Nov 24 2020 at 07:41
1 Posts
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.

BrandonH1987
May 19 at 16:47
4 Posts
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

SofieAndreasen
May 20 at 06:17
614 Posts
True, it is not a bad business if you know its potential and trade patiently.

yana hansen (78678676)
May 20 at 11:51
137 Posts
Forex is all about knowledge. Invest good amount of time in learning and demo trading before you even think of going live. People who take the pains to know the market will definitely gain from it.

lovefortrading (perryjohn765)
May 20 at 17:16
238 Posts
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.

Akasuki
May 30 at 11:47
288 Posts
It's likely to earn million from currency just in case you've got enough skills and experience. And also to get enough skills it takes years. Do not become frustrated by reading it. This really is actually the fact but few talk it.

UweMoench
May 30 at 12:36
589 Posts
Forex trading is not an easy source for earnings. Successful forex trading demands a whole lot of wisdom and experience. Plus it takes years of experiments and research to accomplish this level.

RobertFerrari
Sep 06 at 20:43
118 Posts
Tiffany07 posted:
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

Loss is a common thing in this market.

JohnSmithK
Sep 07 at 10:26
6 Posts
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

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