Forex

In the present world from any other profession Forex trading is most comfortable and suitable to earn money in a proper way, but you have make sure some mandatory rules for that . but practically mostly traders are loser from here due to lack of exact trading knowledge which is the key to success in this volatile trading place. Besides good trading knowledge it is also important to ensure proper trading plan , money management , risk management and obviously a reliable support from a credible trading broker.

Yes, Forex is popular business but not easy way of money making! Here, maximum retail traders are unable to make money! It’s a knowledge based profession, so traders need huge knowledge.

Cannot understand yet the idea behind on that discussion :). Looks as a copy/paste quotes :)

Every trader in this market place I think already knows Forex is a risky business. That’s why need experience and knowledge to minimize the risk . Without proper trading knowledge and experience, a trader many be get more loss than profit. We should understand that there is no shortcut and we can’t become rich overnight.

Honestly speaking , You can earn money from various sources , but In Forex you have to pass a long time with great patience if you want to earn mney from here, and you have to ensure a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

Forex is becoming very popular with time as it is very suitable to earn money but as per the stats 90-95% of the traders are losing money and only 5-10% of the traders make money. This happens because most of the new traders are trading without the exact knowledge of trade. trading needs proper knowledge, a good plan to execute and most important a good broker who can provide a good platform and account as per the requirement.

I agree with you - knowledge is very important, but you need to have a strategy and to follow it. This is basically to put the knowledge in practice. Regarding the trading plan - you should choose the trading field (platform, broker, conditions ... etc) after you have your strategy and knowledge for trading.

How much reliable” Forex “ I think it depends on you. If you can observe all inevitable part of trading, then it can be a reliable source to earn money. Otherwise it could be dangerous for you.

Forex is like any other business. If you know how to run it, then you will be successful in the course of time and will make money and if you don't know how to run it, then you may loose everything what you have.

leo23 posted:
Forex is like any other business. If you know how to run it, then you will be successful in the course of time and will make money and if you don't know how to run it, then you may loose everything what you have.

The caveat here is that this type of business takes quite a while to learn how to conduct well. One always needs a period of training when they begin a new job, but with Forex that period seems especially long and especially stressful.

This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.

If you want to earn very rapidly from Forex first of all you have to acquire most powerful analyzing trade knowledge by learning. so, it would be great if we choose the broker which always ensures exclusive educational facilities.

leo23 posted:
Forex is like any other business. If you know how to run it, then you will be successful in the course of time and will make money and if you don't know how to run it, then you may loose everything what you have.

That is the gist of it, really. And it applies to all sorts of activities, not just Forex trading.

in Forex One good trick to do successful trading is what we do practice do with management. We should set a target and try to get it with plan . even small risks can help you to find your target. You can make small success that will turn to a big one.

Easier said than done if you can't make a net profit

Admoni posted:
In the present world from any other profession Forex trading is most comfortable and suitable to earn money in a proper way, but you have make sure some mandatory rules for that . but practically mostly traders are loser from here due to lack of exact trading knowledge which is the key to success in this volatile trading place. Besides good trading knowledge it is also important to ensure proper trading plan , money management , risk management and obviously a reliable support from a credible trading broker.

Forex is not a comfortable profession! It’s a challenging sector where more than 90% traders are the losers!

BaldoN posted:
Cannot understand yet the idea behind on that discussion :). Looks as a copy/paste quotes :)

Same opinion, there is no unique info there!

OK so lets make some real inputs
What is Forex?
Forex is foreign exchange, you buy or sell one currency and on contrary sell or buy the opposite side.
You dont trade this physically but as virtual number you are able to see on monitor and sometime withdraw to real money :)
It is known that many brokers do not send your trade to be executed as they rely on the fact that 95% traders are loosing their money. I believe if you are long term profitable (like me :)) broker has to send your trades to be executed so they dont need to pay the profit from their pocket.
Another fact: traders are loosing money as they want to become rich fast and without effort.So either the lack knowledge or discipline or sufficient balance.

I have a love - hate relationship with Forex. On good weeks it is brilliant but losing months really take their toll. it is a tough game to play