Forex is profitable ?
Nov 10, 2017 at 11:03
At present Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.
Mitglied seit Aug 27, 2017
875 Posts
Nov 14, 2017 at 15:43
AniLorak posted:Agree with your opinion! It’s all about trading knowledge! But I see, many new traders try to rely on their healthy trading capital or luck, but end of the day they lose their everything!
Forex trading is a profitable business to the knowledgeable traders only! Here, knowledge is the power-house!
keeping patience.......
Nov 14, 2017 at 15:56
Adribaasmet posted:AniLorak posted:Agree with your opinion! It’s all about trading knowledge! But I see, many new traders try to rely on their healthy trading capital or luck, but end of the day they lose their everything!
Forex trading is a profitable business to the knowledgeable traders only! Here, knowledge is the power-house!
You are right! A number of new Forex traders try to rely on their luck! But, if you want to be lucky here then learn first (New Traders).
Mitglied seit Jun 25, 2017
6 Posts
Nov 15, 2017 at 07:26
"Forex is the most profitable business in the world and the least understood" - Splitting Pennies
I read it -: )
I read it -: )
Mitglied seit Dec 11, 2015
1462 Posts
Nov 15, 2017 at 15:10
Forex is a profitable business for the brokers. For traders it can be profitable, but in order to become so one needs to spend a lot of time and energy learning and practising. 90% - 95% of traders lose money and not being part of that group is pretty difficult to achieve.
Nov 16, 2017 at 15:31
Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.
Mitglied seit Nov 04, 2017
13 Posts
Dec 11, 2017 at 08:10
Admoni posted:
At present Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.
Although it is also a tool that is ready, you should try the demo. It is always better to play it safe, at least in the forex. There is money and sometimes a lot, at risk.
forex_trader_458816
Mitglied seit Sep 11, 2017
117 Posts
Dec 13, 2017 at 09:49
If you think you want profit above 20% monthly, then you are still losing.
Dec 13, 2017 at 15:27
The question is not structured right. Profitable in comparison to what? Also profitable for one person may not be profitable for other person. It depends really what you are trying to say. I wouldn't say Forex is "THE MOST PROFITABLE BUSINESS" - there are way more profitable different things...
Accept the loss as experience
Mitglied seit Dec 11, 2015
1462 Posts
Dec 13, 2017 at 17:15
That was my sentiment too. Just because Forex is profitable for brokers and at least some traders doesn't mean it's profitable for everyone. That is unrealistic.
Mitglied seit Aug 27, 2017
875 Posts
Dec 14, 2017 at 08:06
fxtactic posted:
Forex is the most profitable business.
Yes Forex trading business is the most profitable business for the traders who have enough trading knowledge and experience.
keeping patience.......
Dec 14, 2017 at 08:13
Profitability on forex exists. However, because of the high risk of losing everything, I wouldn't make forex my main source of income. But as an additional source you can. But don't forget that invest too much your free funds in forex is very dangerous idea.
May 11, 2018 at 08:54
If you want to be profitable by scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.
Mitglied seit Apr 09, 2018
12 Posts
May 13, 2018 at 06:30
What broker do you recommend for scalping? A lot of them ban it
Mitglied seit Aug 27, 2017
875 Posts
May 13, 2018 at 07:16
Mohammadi posted:
If you want to be profitable by scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.
Do you think, trading spread is more important than having a good scalping trading strategy? I am really interested to know your opinion.
keeping patience.......
