Money making through forex

[tyrim88]

Forex is a highly volatile market and that's why it's easy for you to make profits and loss at the same time. You need to study and understand at least to a level before you delve into trading else you'll regret it.

That is definitelly one of the thing most investors are not willing to undergo,which is proper learning and patience in the act of trading the market,then the issue of greed is another aspect that can make one to get into loss.

 

[eenya00]

i do not believe that someone can make a lot of money on forex while starting out as you would need years of experience to start making a lot of money on the online space as it is not easy to make so much money as a newbie.

 

[tray59]

To make money through forex is very easy but you need to learn how to trade copy some strategy from experts learn from demo account properly then you will record success

 

[greenie]

Trading through forex is beneficial only for those people who thoroughly study the site, however there is still the possibility of having losses, as in any investment business. My brother has been on the site for years and he tells me that it is not easy to win there, he has his ups and downs. Surprise members with big wins and losses.

 

[Genie01]

This is absolutely true.
The markets know how to punish the greedy, the fearful,the indisciplined and the impatient.
All these qualities are learnt overtime with practice

 

[Lynaia]

Many people just think forex is that easy because they hear many people always talking about getting started with it. People are loosing money on it and they won't talk about it. If you think you've known everything about it just by reading some online things, you will have so much to loss

 

[Bigron]

I heard it is difficult to make money on forex, that you could loose a large sum of money there within minutes.I also heard some people saying you could make lot of money on forex but you have to educate yourself first(diligently working to know the in and out of forex) and you must be disciplined in the sense that you don't let your greed take control of your thinking and you also have to always make trade winds the stop loss take profit strategy to minimize loss and also to prevent you loosing your profit.

Both of your statements are correct. Forex trading is a very volatile business, and profits and/or losses are obtained within a short period of time. It is also extremely essential to acquire a lot of knowledge about forex and use the demo training as a means to gain experience and practice

 

[Sincerem]

This is absolutely true.
The markets know how to punish the greedy, the fearful,the indisciplined and the impatient.
All these qualities are learnt overtime with practice

Yes , never at any time should we be greedy in the market because greediness is what tops expert are using against the smaller traders. All these things can be learnt when you understand the trading psychology.

 

[Floura]

Forex trading is actually a good way to earn money, but before you can earn money you need to have the experience on lot's of things, out it on mind that forex trading is also risky.

 

[ghxstvecna]

First you need to choose a trading strategy that aligns with your financial goals. If you’re a complete beginner, it might be worth sticking with a swing trading strategy that focuses on major forex pairs, you’ll need to open a trading account with a top-rated forex broker. eToro is a good option here. Not only is the platform perfect for beginners, but it offers dozens of pairs at super-low trading fees, Next In order to make money in forex, you need to deposit funds into your trading account. eToro accepts various payment methods – including debit/credit cards, e-wallets, and a bank transfer. Now that you have funds in your brokerage account, you can place your first forex trade. Search for the currency pair you want to trade and choose from a buy or sell order – depending on whether you think the exchange rate will rise or fall.

 

[joy101]

If actually you want to make money through forex trading you must take the risk, because there is no way of making money that is easy, making money on forex trading you must understand the process.

 

[Agbalagbaa]

You can make a good amount of money online with forex trading but you need to go through a lot of things, forex trading is not for the weak, you to be strong.