Why choose Forex trading

[Peterlight]

I read in the news tonight about a man who lost $20,000 to Forex trade and killed himself.

The report said he was stopped by the police for going above speed limit and he was delayed by the officers so he lost all the investment he kept in his Forex account.

This report got me hanging on why people choose to risk their money and life on something that will end their lifes. The report went to say he borrowed money from banks and was living under mortgage, that's why he killed himself.

 

[Suba]

Wow, terrible news, but your question is interesting, why are people interested in forex trading, of course there are many reasons, one of which is to get big profits. Trading is the same as war, traders are soldiers, who must be equipped with knowledge, strategy and analysis. Trading under mental stress with daily necessities or borrowed money will make your psychological burden even heavier so that you will always be ziggling in making decisions, which in the end give up.

 

[Saqib Ajmal]

I read in the news tonight about a man who lost $20,000 to Forex trade and killed himself.

The report said he was stopped by the police for going above speed limit and he was delayed by the officers so he lost all the investment he kept in his Forex account.

This report got me hanging on why people choose to risk their money and life on something that will end their lifes. The report went to say he borrowed money from banks and was living under mortgage, that's why he killed himself.

You know that profit and loss are the parts of the whole game, I mean that profit and loss usually can be said as risk of market either in stock or in crypto market

 

[Alexandoy]

I have similar stories of suicide when they lost a huge amount but it is in the casino and not in forex trading. Maybe the guy had invested all his money on a shaky currency that lost value after sometime. I forgot the African with its currency that lost value as it is not accepted anymore. If that is the currency that you had invested then you may lose your money. Usually the shaky currency is due to the unstable political situation in the country.

 

[Sanusi]

Because forex is one of the most profitable online business which you can ever have,forex is not only about buying and selling of currency alone you can also trade gold,oil and other commodities so forex offers you guarantees, one tin in forex is that once you can master all the strategies in forex you can become a profitable trader for me forex is the most profitable business a man can ever have

 

[Highflyer]

Foreign exchange (forex, or FX for short) is the marketplace for trading all the world's currencies and is the largest financial market in the world. There are many benefits of trading forex, which include convenient market hours, high liquidity and the ability to trade on margin.The Forex market is highly profitable, with the potential to multiply your initial investment ten-fold overnight. As opposed to the stock market where you only make a profit when your stocks' worth goes up, you have a lot of money to make in Forex even when your currency is going down.

 

[Erik4150]

This is why I will always maintain my stance on forex...it is very profitable but risky. You can gain a lot or you can loose everything. There are lot of people who have lost a significant amount of money to forex. This is why it is important to master forex before trading your money...if you haven't mastered forex, please only trade an amount of money you can afford to loose.

 

[Blue house]

Forex is a legit and easy way to make money, but you have to understand it very risky, and please do not risk any amount you are not willing to loose, forex is about winning and loosing, and do not boorow money to trade it, have a good knowledge about it before venturing into it

 

[Josemendez]

I read in the news tonight about a man who lost $20,000 to Forex trade and killed himself.

The report said he was stopped by the police for going above speed limit and he was delayed by the officers so he lost all the investment he kept in his Forex account.

This report got me hanging on why people choose to risk their money and life on something that will end their lifes. The report went to say he borrowed money from banks and was living under mortgage, that's why he killed himself.

I think the problem with forex trading is that it is very risky despite giving faster rewards. He actually failed to close his trading neither did he put stop order on the transaction . I guess he shouldn't have killed himself despite borrowing the money.

 

[giddy]

Foreign exchange (forex, or FX for short) is the marketplace for trading all the world's currencies and is the largest financial market in the world. There are many benefits of trading forex, which include convenient market hours, high liquidity and the ability to trade on margin.

 

[Jonaville]

This is what I usually tell people, forex trading is basically a game of prediction and it is a two-way game, you either win or lose. It can be comparable to Sports betting. For someone who is new to forex trading it can been very hard to make a profit from it. As for me, I don't think I can ever indulge myself in that kind of risk.

 

[Emma Aneni]

This is why it is important to master forex before trading your money especially putting a lot of money. There's a lot of risk on trading online one should be careful because in online trading nothing is certain.

 

[Adeyoola7]

Foreign exchange (forex, or FX for short) is the marketplace for trading all the world's currencies and is the largest financial market in the world. There are many benefits of trading forex, which include convenient market hours, high liquidity and the ability to trade on margin

 

[Abbas ali]

Forex trading is trade with foreign countries ..it is very helpful in money and it is very risky if a person have ability to loss then he choose forex trading .I join forex trading group for learning but later I left because I have no time ..

 

[Shahid Abbas]

I read in the news tonight about a man who lost $20,000 to Forex trade and killed himself.

The report said he was stopped by the police for going above speed limit and he was delayed by the officers so he lost all the investment he kept in his Forex account.

This report got me hanging on why people choose to risk their money and life on something that will end their lifes. The report went to say he borrowed money from banks and was living under mortgage, that's why he killed himself.

Forex trading is very risky in front of cryptocurrency trading because whenever you don't understand the best skills and their indexes in a forex trading then you cannot succeed in it because forex required experience and skills.

 

[Nurudeen]

I still don't understand why people tend to waste their money on forex trading. Forex trading is too risky if you don't know how to study charts and that's where most people usually get it wrong because they are always ready to invest in the system without even know how it works. Another reason why I love US stock trading over it is that it doesn't have basis for fundamental analysis.

 

[Justin]

Never tried forex trading, don't know how one can make money by buying and selling foreign currencies. I did know money exchangers can earn commission by exchanging one currency to another, however, I don't exactly know how foreign currency trading works.

 

[WisdomFX]

I read in the news tonight about a man who lost $20,000 to Forex trade and killed himself.

The report said he was stopped by the police for going above speed limit and he was delayed by the officers so he lost all the investment he kept in his Forex account.

This report got me hanging on why people choose to risk their money and life on something that will end their lifes. The report went to say he borrowed money from banks and was living under mortgage, that's why he killed himself.

Well,forex trade is easy to learn and I also believe losing does not necessarily mean forex is a bad idea trading it,to be constantly profitable in the forex market,you need a good and working strategy and your emotions and psychology has to be in check. Then you will be profitable.

 

[Peterlight]

Well,forex trade is easy to learn and I also believe losing does not necessarily mean forex is a bad idea trading it,to be constantly profitable in the forex market,you need a good and working strategy and your emotions and psychology has to be in check. Then you will be profitable.

Following what you said, checking emotions and psychology does not have anything to do with Forex trading cos I have seen people make money from it and also lose everything they've got to it. Please don't get me wrong but I think emotions are normal thing when someone loses.

It's all about Greed and using of common sense cos if you think of it, how can a man put all is life savings on Forex or even go to the extent of getting a loan with millions, that kind of man is very greedy.

 

[DaveAwesome]

Having the knowledge of forex trading can help you get real money from the comfort of your home...it is really a good business