Is forex trading really worth it?

Trading is generally an interesting process that is difficult to compare with anything and accurately describe.

Why not ? such questions can be asked about any occupation and even your action, until you try and find out

MauMar posted:
I have been trading forex for a while now but I have not had any success. Is forex trading really worth it?

It can be once you no what your doing
You can make a nice an mount once you have the knowledge

Worse than what, I beg your pardon?

skihav posted:
Trading is generally an interesting process that is difficult to compare with anything and accurately describe.

Yes forex trading is not easy, however, are still so many opportunities in the market, forex trading will become challenging business for some traders, and when they get success, make big money from forex, money like as paper and maybe you will to spend for deeds with give money for people around you, but when faced with a big loss and make you borrow money in the bank, this will not good story, each trader have own story on the journey.

reece22 posted:

MauMar posted:
I have been trading forex for a while now but I have not had any success. Is forex trading really worth it?

It can be once you no what your doing
You can make a nice an mount once you have the knowledge

Yes. Proper knowledge and skills can make you rich in this market.

It's possible to make good money by forex trading, but I think whether it's worth it is a personal decision. If you're willing to put in the effort to figure out what's going wrong, change your strategy, etc. then it will likely payoff for you in the end. It's a lot of work to become consistently profitable, so you need to decide if this is something that you're willing to work for.

each lesson is worth something, if you pay appropriate attention to it and have a good desire to do it

Every trader goes through this phase when they are forced to think whether it is worth the effort or not. I believe whoever survives through this period surely gets successful because forex is a place where you’ll get countless opportunities. It’s up to you how well you utilize them. Just don’t have too many expectations and work on making yourself a better trader and everything will fall into place eventually.

It is absolutely.
You can make a great primary income from trading but i would always advise have other income streams .
Dont put your eggs all in one basket as they say

The answer can be both Yes and No. If you gather knowledge about the basics of forex trading, then practice on a demo account before you enter live trading, the answer is yes. If you think it is a cakewalk to enter the live market one fine morning and start earning money, the answer is no.

Charlespeterson posted:
The answer can be both Yes and No. If you gather knowledge about the basics of forex trading, then practice on a demo account before you enter live trading, the answer is yes. If you think it is a cakewalk to enter the live market one fine morning and start earning money, the answer is no.

Look at it this way - what do you want to achieve?
1 - if you want to boost your savings, can you make more money on the long term than somebody else is willing to pay you as interest over say a year?
2 - can you make more money than somebody is willing to pay you in your chosen profession per month?
If the answer to these questions is negative, you have to keep a steady job/ put your savings somewhere else and try to learn some more so you can become more profitable - then try again.
This is what Demo trading is for - if you cannot be profitable over the long term, do not even think of going live!
After that start on a small live account and only if your percentage gain is constant, then you make it bigger and see if you can survive.
You cannot skip any of these steps - and if you change your system, start at the beginning!

WimConrad posted:

Charlespeterson posted:
The answer can be both Yes and No. If you gather knowledge about the basics of forex trading, then practice on a demo account before you enter live trading, the answer is yes. If you think it is a cakewalk to enter the live market one fine morning and start earning money, the answer is no.

Look at it this way - what do you want to achieve?
1 - if you want to boost your savings, can you make more money on the long term than somebody else is willing to pay you as interest over say a year?
2 - can you make more money than somebody is willing to pay you in your chosen profession per month?
If the answer to these questions is negative, you have to keep a steady job/ put your savings somewhere else and try to learn some more so you can become more profitable - then try again.
This is what Demo trading is for - if you cannot be profitable over the long term, do not even think of going live!
After that start on a small live account and only if your percentage gain is constant, then you make it bigger and see if you can survive.
You cannot skip any of these steps - and if you change your system, start at the beginning!

Really solid post, there are many ways that people money and have varying goals. Even if its to get better interest than a bank is giving you then its worth it

Forex is worth or not depends on how skillful a person can be. Without knowledge and skills Forex is a easiest and fastest way to lose money. So it varies person to person.

I believe that trading is just a good opportunity to make money. As for me, with the right approach, the result can be quite positive.

If you enjoy Forex trading then it is worth it. Even if you lose a little bit of money if it is fun then go for it

pigeontrader posted:
If you enjoy Forex trading then it is worth it. Even if you lose a little bit of money if it is fun then go for it

You need proper planning to make money from this market.

If you have the knowledge and skill, there is a lot of money to be made from forex, and then it’s totally worth.

It is normal to get upset when you don’t see any positive result. But success is something that doesn’t come to you overnight. It takes time, your patience and your positive mindset.