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Forex is a business

WaltonCharles
Aug 15 2021 at 07:48
128 Posts
croisssan posted:
I would rather call forex an investment. In this form, it is more consistent with the real state of affairs, as for me.

Forex is the most profitable business in this world now a days.

Starcliff
Aug 16 2021 at 07:36
55 Posts
Forex is a business area where you can make very good money, but if you follow the rules of the game.

aromaticcricket
Aug 16 2021 at 09:56
9 Posts
Starcliff posted:
Forex is a business area where you can make very good money, but if you follow the rules of the game.


Please tell me what the 'rules of the game' are?

RobSchiz
Aug 28 2021 at 15:25
535 Posts
Starcliff posted:
Forex is a business area where you can make very good money, but if you follow the rules of the game.

To make money from this market, you need proper plan and do according to the plan.

Unellene
Aug 31 2021 at 13:55
283 Posts
well, for some traders this is just a hobby, do not forget about these

RobertFerrari
Sep 02 2021 at 20:10
311 Posts
Unellene posted:
well, for some traders this is just a hobby, do not forget about these

The main motto of this business is to make money with knowledge and skills.

SteveHanks
Sep 03 2021 at 08:26
530 Posts
Starcliff posted:
Forex is a business area where you can make very good money, but if you follow the rules of the game.

I agree with you. This is a money making business.

croisssan
Sep 03 2021 at 12:25
634 Posts
I would still not call forex a classic business option, but in fact it is. Moreover, this option can bring pretty good profit.

JessicaWade
Sep 20 2021 at 08:05
2 Posts
Unellene posted:
well, for some traders this is just a hobby, do not forget about these

My brother used to work for a large software firm (https://www.techloyce.com/sugarcrm-training/) that developed FX trading platforms for investment banks and other financial institutions. For someone who doesn't have any money in the FX sector, he learned a lot about it. The following is the one statistic that struck out to me:

UweMoench
Oct 03 2021 at 12:25
737 Posts
Yes Forex is a business but unfortunately many people take it as gambling. Most of them do not have enough knowledge and skills to make money. So they gamble.

Akasuki
Oct 05 2021 at 14:05
441 Posts
Forex is kind of investment business if you know how to do it. If you don't have enough knowledge and skills, you would end up gambling.

Lauren (LHill97)
Oct 05 2021 at 18:10
10 Posts
Agreed completely, and a normal part of business is accepting some losses.
The trick is maximizing your gains to circumvent the losses.

Fidely
Nov 12 2021 at 12:39
12 Posts
I agree with the statement that forex trading is a business, because of the high risks around there. Everybody knows that business requires plenty of skills and experience in case you want to make your business prosperous and profitable. So, that's why the same things happen with trading activity. You also require enough skills and experience in order to make solid amount of money and live your life the way you want it. Some people underestimate forex trading and think that it's just a game or gambling, however they have never tried it, that's why say so.

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