Jude_craig posted: Forex is a great place to make money provided one is ready to do the hard work it requires.
Exactly! You can’t trade forex without working hard for it. The profits depend on it.
Yes but it also requires some skill set. You don’t just get profits out of working hard only. There has to be some balance between learning and developing the necessary skills to trade. One needs to analyse the margin risk carefully, and know how to use stop loss, like price + trigger price, or just the trigger. There’s so much to it that some traders take years to know it all and still don’t get it, while others understand the complex price mechanisms quickly.
You’re not wrong. What I meant was that you can’t really make any profits without putting your efforts into it. Sure, the skills are important and it is not easy to make money without them. I agree.
Forex is great for making some money and the trick is to effectively use leverage. If you have to make profits, you’ll have to risk more. I believe in working smart and that’s the way I work with my other investments too. Like for trading forex I first determine the position size and use the customizing options of Acttrader (in terms of colors and shapes) which helps me in a better use of indicators that I use for ascertaining whether to go long or short on fxview and avatrade’s acttrader trading platform.
Calacti posted: Forex is great for making some money and the trick is to effectively use leverage. If you have to make profits, you’ll have to risk more. I believe in working smart and that’s the way I work with my other investments too. Like for trading forex I first determine the position size and use the customizing options of Acttrader (in terms of colors and shapes) which helps me in a better use of indicators that I use for ascertaining whether to go long or short on fxview and avatrade’s acttrader trading platform.
That’s interesting. I usually keep my leverage low. Can’t work with high leverage, too risky for me.
It depends on your personal preferences in investment. The vast majority of people and investors are sure that the good option for investments nowadays is real estate. Actually, I agree with these people, because real estate is getting more expensive month by month and it seems to me that this tendency will continue for many years more. If you just is interested in the field where you can invest money in order to receive more money in short tines, then of course I tend to suppose that trading suits best here. Of course, on the very first stages you will not get huge sums of money, because of lack of experience, but it's a very good perspective for you to receive good sums in future.
You have to analyze the whole market first in order to understand which assets can potentially bring you profits. In my opinion, nowadays everything that might be connected with cryptocurrency, cyber security and various interesting things like nfts, will ptentially bring you money. NFTs work on blockchain and predominantly on ethereum. So, I guess you can pay attention to this crypto or other ones. Altcoins nowadays also are in a huge demand, but you have to hurry up, because it's a seasonal trend. Anyway, those who try o find opportunities will definitely find something. Just never give up trying and do your best.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.