Forex is profitable for traders that have invested not only capital but also their time in it. Most new traders enter into forex with minimum experience and knowledge and profit through luck and a few traders assuming it to be profitable. But at the end of the day they will lose everything.
Certainly that’s the route one should ideally take, but whether forex trading is profitable or not, is highly questionable. I know it needs patience but I have been patient long enough and blown enough accounts by now. I am literally on the verge of losing patience now, I have tried so many different brokers and tried all the strategies, but I am still waiting to see some substantial amounts of profits.
This is a controversial issue regarding the profitability of forex. Forex is profitable for those who understand how to make money on it. And unprofitable for those who take risks and lose their money in Forex.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.