0
The honest truth is, over the long term most people lose on forex trading. Those that win are few but they are there nonetheless. Most people do not have the discipline of mind and patience to guide their trading, so they trade on emotions and end up losing.
Anybody can make money on fx, even a beginner. They can get lucky! But it won't last long. Only those with discipline and the right tools will consistently make money.
Check out my bio for more information on this.
FXguru
Wiki User
∙ 11y agoIf about four million forex transactions a day, then maybe about 2 million people.
Add your answer:
Earn +20 pts
Does GFT Forex trading have good reviews?
Most people that have reviewed GFT Forex have been disappointed with the service. There are many complaints about losing money, and some people have called them liars and cheaters.
Forex is money factory?
Forex, or foreign exchange, is a decentralized global market where the world's currencies are traded. While it is possible to make money trading forex, it is not a guaranteed "money factory." Forex trading can be very risky, and many traders lose money. Success in forex trading requires a lot of knowledge, skill, and experience. Traders need to be able to analyze market trends, understand economic indicators, and manage risk effectively. Without these skills, it is easy to lose money in the forex market. You can learn anything about forex including from books, articles and many others. My recommendations is 𝗵𝘁𝘁𝗽𝘀://𝘄𝘄𝘄.𝗱𝗶𝗴𝗶𝘀𝘁𝗼𝗿𝗲𝟮𝟰.𝗰𝗼𝗺/𝗿𝗲𝗱𝗶𝗿/𝟰𝟭𝟱𝟱𝟵𝟬/𝗷𝘂𝗻𝗶𝘁𝗮𝗲𝘀/ . I hope you can find your favorite answer about forex.
Should you take forex courses to learn about trading?
Yes, you should take forex courses. This will help you understand how crypto currencies work and obviously how to trade online. There are so many websites providing forex courses online. One of them, which is well know is inestopedia. I have a link in my bio that you can check out.
Which forex site offers the easiest to understand software?
There are many Forex sites that offer good Forex software. But I think the best way to find out which Forex software is the easiest for you to understand, is to open a free Forex demo account with a good Forex broker and then try out different Forex software applications.This is not as difficult as it may seem. Here is what I recommend:Open a free Forex demo account with a good Forex broker.Purchase any Forex software that looks promising, but only purchase software that comes with a 100% money-back guarantee.Test the software out over a reasonable period of time within the guarantee period. Also be sure to follow the directions exactly as the software designer advises.Do this with as many different software applications as you think necessary.If you find one that does what you want it to do, then use it and make some Forex money!You can find a great variety of Forex software at: http://bestforexstrategies.com
What services does forex USA provide?
Forex USA is an online trading company. Forex allows you to open a practice account before you choose to invest money with them. You can trade from any computer and from many mobile devices.
Is Forex is a permanent business?
If you know how to trade and if you can consistently make profits then forex can become a permanent business. There are many traders who offer managed accounts and their only business is trading forex.
Is foreign exchange trading profitable?
Many people find it to be profitable and eventually quit their job to trade full-time. However, there is risk involved in forex trading and it is easy to lose money too. Do not trade on real money account before learning the basics of Forex trading. Do not trade on real money account before choosing the right broker which doesn't play against customers. Do not trade on real money account before training on demo account. Do not trade on real money account before you have your own Forex money management rules.
Where did forex prices come from?
Forex prices are influenced by many factors but the people who actually set the prices are the banks. All Forex prices are based on the current exchange rate set by the bank.
Is Forex is possible to take it as a money making machine?
Forex is a very volatile business because of the leverage involved, which can cause undesireable results to your capital. It is not a money making machine no matter how fascinating most Forex agents paints it. Statistics put's it that 80 to 90 percent of traders are not successful.
What can you use forex online for?
The company Forex online is a currency trading company that is placed all over the globe. Many people work for this company online so this is what you could use forex online for.
What You Should Know About Forex Managed Accounts?
Many people who have chosen to become investors have also chosen to take advantage of one of the largest financial markets. Those who have a Forex managed account can use the account to take advantage of a forex trader who makes all of the trading decisions for new investors. This allows the new or average investor who does not have any experience to enjoy the benefits of the stock market. A Forex managed account can allow any new investor to know what it feels like to have the expertise of a professional trader.How It WorksA managed forex account almost works in the same way that a traditional mutual fund would work. A group of investors can give the saved investing money to a management company. This management company hires a professional trader and puts that trader in charge of the money. The job of the professional trader is to watch the market and make any available profitable trading decisions for the entire group. In some cases, each trader has a separate account set up for his or her money. This account is designed to take the exact same trades as the professional trader. In other cases, all of the money from each investor is combined to make one very large account.Benefits of a Forex Managed AccountThe benefits of a Forex managed account include the fact that investors can make money in this investment market without needing to learn how to trade in the forex market. This market is extremely complicated. The average new investor may not make the best and most profitable decision with the investment money. This managed account can allow traders to take advantage of the experience that a professional trader offers. In addition, the new investor does not need to sit at a computer all day in order to make money. He or she can make money any time that the professional trader is working on the account.The RisksAlthough a Forex managed account has a lot of benefits, one should be aware of the risks. For example, the success of a Forex managed account depends mostly on the ability of the professional trader.
Is forex trade scam?
Forex itself is not a scam but it does require education before you start. There are many Forex scams out there but the market itself is very real. Just make sure you don't skip out on education if you want to look in to this further.
