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Forex is profitable ?

Admoni
Nov 10 2017 at 11:03
posts 95
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.

AniLorak
Nov 13 2017 at 15:46
posts 920
Forex trading is a profitable business to the knowledgeable traders only! Here, knowledge is the power-house!

Ivan (fxtactic)
Nov 14 2017 at 15:40
posts 1
Forex is the most profitable business.

Adribaasmet
Nov 14 2017 at 15:43
posts 994
AniLorak posted:
Forex trading is a profitable business to the knowledgeable traders only! Here, knowledge is the power-house!
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!

AniLorak
Nov 14 2017 at 15:56
posts 920
Adribaasmet posted:
AniLorak posted:
Forex trading is a profitable business to the knowledgeable traders only! Here, knowledge is the power-house!
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!


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).

fxbotmarket
Nov 15 2017 at 07:26
posts 5
'Forex is the most profitable business in the world and the least understood' - Splitting Pennies

I read it -: )

spacey73
Nov 15 2017 at 07:44
posts 1
mlawson71
Nov 15 2017 at 15:10
posts 1487
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.

Admoni
Nov 16 2017 at 15:31
posts 95
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.

PrestonM
Dec 08 2017 at 11:15
posts 5
Of course is profitable but you have to be patient.

Adel Grepling (Adelgrepling)
Dec 11 2017 at 08:10
posts 13
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.

Nasrul
nasrul_poyo
Dec 13 2017 at 09:49
posts 124
If you think you want profit above 20% monthly, then you are still losing.

Klement Horacek (Klem)
Dec 13 2017 at 10:00
posts 20
fxtactic posted:
Forex is the most profitable business.

The most profitable and the most risky. Time to time, this risk make this business s destructive

Find the Holy Grail of Trade
Tiffany (TiffanyK)
Dec 13 2017 at 15:27
posts 427
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
mlawson71
Dec 13 2017 at 17:15
posts 1487
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.

Adribaasmet
Dec 14 2017 at 08:06
posts 994
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.

Irnest Goodman (Irnest)
Dec 14 2017 at 08:13
posts 33
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.

Mohammadi
May 11 2018 at 08:54
posts 886
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.

Chachingggg
May 13 2018 at 06:30
posts 12
What broker do you recommend for scalping? A lot of them ban it

Adribaasmet
May 13 2018 at 07:16
posts 994
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.

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