Aug 17 2022 at 21:52
Dictiony posted:
Forex is the best source of income because it is a very profitable business and very popular online business. According to my point of view, most of people's are doing work on forex and earn huge amount.most of people's meet our family expense through forex because is a profitable business. forex is the best source of income.
Forex can indeed be very lucrative and yield good income if you first understand the basic makeup of economics. We wouldn't call it an online business though. A business is a legal entity that makes money by offering solutions to a market that demands it. Trading is taking advantage of market movements and/or trends.
While it is true that there are certain persons that make large returns on their trading, it is also true that they trade on margin that gives them leverage to do this. If the market goes against them, losses can add up quickly, and lots of hard work may be wiped out.
It is in our opinion better to approach Forex as an asset class like stocks, real estate, gold etc, to either supplement income from your prime business (for example for hedging, if you sell to foreign markets), or if you're a wage earner, to treat forex as an asset in your portfolio next to other types of trading/investment assets.
- Henrik Schmidt, DormicoFX ©2022
'Your vision is just one trade away'
Your Vision Is Just One Trade Away...
Aug 19 2022 at 04:11
Forex trading is a great way to gain money, for sure. However, there are a number of variables that determine how much money you can make. Therefore, before you jump into forex trading, it is recommended that you acquire and hone your market knowledge and expertise.
Aug 22 2022 at 11:22
I don’t think it is since not every trader is able to make money. Some traders don’t even make a single profit because of the constantly changing market conditions. It takes time for a trader to make money that not all traders are comfortable with.
Aug 25 2022 at 20:56
Forex is really a multifaceted platform for making money.
The main thing is to know that you can earn not only by trading, but also by investing.
The main thing is to know that you can earn not only by trading, but also by investing.
Make money with people who know how to make money.
Aug 27 2022 at 14:21
Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.
After 8+ years of being a profitable trader, every single trader I have 'known' has failed and stopped except me.
I have no secret, no magic setup.
Just the right combination of talent, intelligence, risk appetite, bankroll management, 'balls', insight, and dedication to succeed.
I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.
Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.
After 8+ years of being a profitable trader, every single trader I have 'known' has failed and stopped except me.
I have no secret, no magic setup.
Just the right combination of talent, intelligence, risk appetite, bankroll management, 'balls', insight, and dedication to succeed.
I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.
Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.
Protect against loses and the profits take care of themselves.
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