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Is forex trading really worth it?
Členom od Feb 12, 2019
104 príspevkov
Nov 18, 2021 at 11:57
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
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
Členom od Oct 27, 2020
16 príspevkov
Nov 19, 2021 at 07:00
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.
Členom od Jul 02, 2020
18 príspevkov
Nov 19, 2021 at 07:13
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!
Členom od Jul 20, 2020
385 príspevkov
Nov 19, 2021 at 08:17
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
Členom od Jul 19, 2020
749 príspevkov
Nov 19, 2021 at 12:07
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.
Členom od Sep 15, 2021
9 príspevkov
Nov 19, 2021 at 13:07
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
Členom od Mar 17, 2021
494 príspevkov
Nov 21, 2021 at 19:05
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.
Členom od Feb 20, 2021
77 príspevkov
Nov 26, 2021 at 04:09
If you have the knowledge and skill, there is a lot of money to be made from forex, and then it’s totally worth.
Členom od Jan 22, 2021
126 príspevkov
Nov 26, 2021 at 08:00
UweMoench posted:
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.
Yes. If you are able to make a good profit return, then forex trading is worth it. If not, then forex trading is not their thing.
Členom od Mar 28, 2021
586 príspevkov
Nov 28, 2021 at 14:27
@skihav Yes trading can be a good option. But it's worth only when we are enough knowledgeable and skilled. Otherwise forex trading is money losing machine.
Členom od Aug 26, 2020
76 príspevkov
Nov 29, 2021 at 13:05
Loss is essential, but good preparation will reduce the risks
Členom od Oct 29, 2021
69 príspevkov
Dec 01, 2021 at 04:03
Forex trading is really worth it if you know what you are doing. The forex market is open 24 hours a day and five days a week, so there is always an opportunity for trading, but you should be aware that it is a market where you can lose as much as you might win. So prepare yourself before you consider trading.
Členom od Nov 23, 2021
34 príspevkov
Dec 01, 2021 at 06:42
Forex is a long-term endeavor. It can be beneficial if you trade properly and read about the market regularly.
Členom od Nov 23, 2021
24 príspevkov
Dec 03, 2021 at 06:11
If you do forex trading in the right way, it can be a very profitable activity. However, like with any other form of trading, there is always some element of risk involved. So, it's good to have a sound knowledge of the forex market before you start trading with real money.
Členom od Jul 19, 2020
749 príspevkov
Dec 05, 2021 at 17:10
Forex trading is getting popular day by day. You can make money by trading foreign currency. It can be a good source of income if you can learn the art of trading. To acquire the knowledge and skills you need to study a lot.
Členom od Jul 23, 2020
816 príspevkov
Dec 07, 2021 at 17:26
Professional and consistently profitable forex traders make lots of money from forex trading.
Členom od Jul 23, 2020
696 príspevkov
Dec 09, 2021 at 21:36
Forex trading is worth it if you truly want to learn it.
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