Forex is a business

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.

Forex is a business area where you can make very good money, but if you follow the rules of the game.

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?

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.

well, for some traders this is just a hobby, do not forget about these

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.

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.

I would still not call forex a classic business option, but in fact it is. Moreover, this option can bring pretty good profit.

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:

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.

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.

Agreed completely, and a normal part of business is accepting some losses.
The trick is maximizing your gains to circumvent the losses.

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.

Fidely posted:
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.

Forex can give you a lot money if you have proper knowledge and skills.

I, too agree that forex is a business. Proper skills, management, and strategy come first in trading. If you are to succeed, then you must cultivate your knowledge and strategy to see profits from your exchanges.

Consistency in earning is like a brick. Combination of knowledge earning and more and more practicing can help traders bring consistency back in their trading. However, traders are less focused on it.

consistency is a big deal in trading as well real life. but this is really difficult to maintain it with successfully.

top increase trading skill very rapidly first of all we the traders have to make sure the regular practice session , otherwise any kind of approach can be useless.

Forex is a professional business in the present world but generally we traders use as a casino most of the time, this is a sad reality.