Admoni
Členom od
95 príspevkov
Sep 10 2017 at 07:57
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.
AmDiab
Členom od
718 príspevkov
Sep 12 2017 at 14:42
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.
BaldoN
(BaldoN)
Členom od
522 príspevkov
Sep 13 2017 at 12:41
Cannot understand yet the idea behind on that discussion :). Looks as a copy/paste quotes :)
Mohammadi
Členom od
851 príspevkov
Sep 13 2017 at 13:51
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.
Admoni
Členom od
95 príspevkov
Sep 13 2017 at 13:54
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.
perryjohn765
(perryjohn765)
Členom od
149 príspevkov
Sep 13 2017 at 13:55
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.
TiffanyK
(TiffanyK)
Členom od
427 príspevkov
Sep 13 2017 at 14:47
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.
Accept the loss as experience
Admoni
Členom od
95 príspevkov
Sep 17 2017 at 11:13
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.
leo23
Členom od
566 príspevkov
Sep 17 2017 at 14:36
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.
Artificial General Intelligence