Forex is an investment business

Master_Z posted:
Consistent long-term work on a trading system is the only way to success in forex. But this does not mean that you should set a timer and after 3 years you will wake up successful. Everything will come up gradually, knowledge, experience and success.

Yes, I need to consistently increase my account profit. In this case, I have to combine many formulas.

To increase consistency, trading psychology is very important. In most cases, after a good profitable trade, people lose more due to poor trading psychology. Most traders do not focus on improving his mindset.

That is a nice approach to forex trading as an investment. You should plant the seed first and then nurture it gradually by practising and learning. You are highly unlikely to gain enormous profits overnight, but you can do it in the nearest future if you pull full efforts to it. Practice makes perfect and forex is not an ecxeptions of this rule.

@croisssan Loss is a part of forex trading. That's why money management, risk management comes into play in trading. People who ignore this fact, eventually drop out.

Mikehamilton posted:
Keeping patience is the ultimate key to making profits while trading forex.

Patience is very important in the forex market. There is no substitute for patience in doing ideal business.

There is no difference between whether you want to trade long-term and schedule a plan for the month, or you came to make a quick profit and leave. It's important that any approach is justified by your skills. I'm sure that among successful traders there are those who have achieved success, initially believing that forex is easy money, as there are those who achieved results gradually by painstaking work.

Michihito posted:
Forex is an investment business. You need to build it gradually. Most people come into forex just to gain profits overnight. From the very beginning they live in the wrong concept pf forex trading. Forex trading is a work of professional. You have to treat it like professionals. Make a long term goal to build your account over years. I a

Forex trading is better than going to a casino because the spreads are lower, but it's still gambling, not trading or investing. Stocks grow at a rate of 12% each year on average. The best think is people can chose many payment methods. Currencies lose about 2% every year on average. To make it worthwhile, you must be extraordinarily skilled at currency trading. Only if you want to hedge your bets is it a good idea to exchange currencies.

JessicaWade posted:

Michihito posted:
Forex is an investment business. You need to build it gradually. Most people come into forex just to gain profits overnight. From the very beginning they live in the wrong concept pf forex trading. Forex trading is a work of professional. You have to treat it like professionals. Make a long term goal to build your account over years. I a

Forex trading is better than going to a casino because the spreads are lower, but it's still gambling, not trading or investing. Stocks grow at a rate of 12% each year on average. The best think is people can chose many payment methods. Currencies lose about 2% every year on average. To make it worthwhile, you must be extraordinarily skilled at currency trading. Only if you want to hedge your bets is it a good idea to exchange currencies.

a few % per year can be obtained from a bank deposit and this is not the level of earnings that can provide a good portfolio, but at the same time, it will be safe for you. For the real estate market, this is about 10%, but the risk is also low. The main aspect - do not buy a house near the volcano. But forex is a market of great opportunities, where you can have 10% per month. So a big profit involves a lot of risk and this is a direct ratio.

skihav posted:
Forex is a really interesting investment option. The main thing is to correctly approach this issue and assess all the risks.

Yes. You can earn a huge amount of money from this market.

Therefore, you cannot consider it as an investment but rather as a business, since it requires you to always be involved in order to make a profit or a loss. It is not something you just give him money, he then needs to multiply it all by himself.

Forex turns out to be a good and favorable one when it comes to high returns and profitability.

There are simpler investments for your money but I would say forex needs an investment in one's own self and education.

LyudmilLukanov posted:
Forex turns out to be a good and favorable one when it comes to high returns and profitability.

Yes I think so, all traders that come and joined forex want to make money and will become favorable businesses when able to make profit regularly
and the successful trader also will pay attention when choosing broker, regulated and low spread broker is more favorable for traders

Yes forex is an investment it's not for gambling. It requires enough knowledge and skills to be successful. Without knowledge and skills, profit is not possible.