Forex trading is profitable ?
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Answer:
The FOREX market is the world's major financial market. More than $2 trillion changes hands every day! That is greater than all US equity and Treasury markets combined! The worldwide FOREX market is entirely different from other financial markets as it does not have any centralized location. Moreover, it is a global electronic network of banks, financial institutions and individual traders that are involved in the buying and selling of national currencies. Normally by tradition, access to the FOREX market has been restricted to banks and major financial institutions. With recent advances in technology, however, the FOREX market is now available to everybody, including individual traders with smaller accounts.
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yes, its profitable but it depends on speculations ..
trading is not bad
if you do it in proper manners and ways
provided u know the tricks of the trade
Yup, It's profittable if you use the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..
yes, if you have a good trading system.
one multi-decade trading industry observer used to begin his intro seminar with the statistic that 98% of new traders will leave the market within two years after having lost some, all, or more than all of their capital.
That would, rather obviously, include you.
The statistics are so bad that there are even 'brokers' whose entire business consists of luring newcomers into trading with attractive 'systems' that are nearly guaranteed to fail. These operations do not actually place your 'trades', instead they take the other end of each trade plus their trading 'commissions' [both to open a position and to close it] knowing that you are likely to lose, lose, lose.
{If you should start to win, they will pay out for a while and then suggest that you move your account to a different brokerage so they don't have to keep paying you but can continue to profit from the 98% of new traders who lose and keep losing.}
ForEx trading has had several scams of this sort in the past few years and likely will have more. [I mean, how hard is it to set up a website in some poorer country with few regulations to lure foreigners into losing money?]
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In reality, ForEx trading profits are made by sharks with real knowledge of how to build trading systems, years of experience, and far more capital than you could possibly muster.
Still, as Nick Leeson could testify [were he not in prison], even professional traders can and sometimes do lose huge sums [hundreds of millions sterling in his case].
If you insist on plowing ahead with this, I highly recommend reading many trading sites and learning a great deal BEFORE you bet one cent.
GL
Most people lose their money trading Forex
Most commercial traders in options and futures markets, feel happy if they win 50% of the time.
Most people use too much leverage and most people have no idea what they are really doing with forex "Speculations"
Maybe - Spread betting is another option, to consider ?
Although try the Free simulators, etc. To gain experience.
Be very careful, who you sign-up with. Only a few reputable firms.
It is much easier to lose money in Forex than to make money in Forex.
This is because the majority of the people do not take the time to learn the principles and dynamics of the marketplace. They simply jump in head first just as they would plop down at a blackjack table in Las Vegas.
For those that are willing to slow down and take the time to learn, there are conservative methods to invest in the Forex marketplace that can generate a comfortable, consistent monthly return.
The choice is yours.
high risk high award...do u hv the appetite !
It can certainly be very profitable ... but also very costly if you do not learn the game before you start. Fortunately, it is not expensive to learn all you need to know .... and you can practice your trading strategies for free before you progress to risking real money.
Forex trading can be very profitable if you have a good trading strategy in place. Usually it takes a couple years of trading to get a good feel for the market and timing. Also forex rebate services such as forexcashback.com can help pad your profits during downswings.
I can't tell you whether or not it is "profitable". That all depends upon the trader.
I can tell you that there are many questionable firms in the FOREX market. It is also the perfect breeding ground for scam trading systems.
I recommend you visit www.forexbastards.com to see what you are up against.
Very profitable for those who either use a good system or spend endless hours doing their homework which includes reading charts and graphs on top of being in front of your computer 24 hours a day. I prefer just to use a good system that way I can still have time to enjoy my life AND make money with FOREX. A good system I have found is at http://www.wiseforexinvestor.com... They offer a free 15 day trial so you can see just how easy it is and do not need to be stressed all the time nor in front of your computer make sure you do not miss a trading opportunity. Check and let me know what you think.
Best Regards,
Rex White
503-922-1475
rexwhiteforextrading@gmail.com
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