Forex isn't a lucrative investment for all because traders can't stick to their right trading plan all the time. If your trading system is not performing well, it means your trading system requires fixing or amendment. Whenever I faced any issue, FXOpulence got it fixed immediately.
Is Forex a lucrative investment?
- Thread starter Latham
- Start date
Polakandil
Well-known member
Many beginners who come to forex want to make quick profits in a short time, while forex trading is not an easy job. To be able to achieve consistent profits requires long experience and reliable abilities. Some people treat forex as a way to diversify investments and not as a main source of income.
GeekyForex
Well-known member
Forex trading can be profitable, but it is not easy! Like anything that involves risking money it should be well researched and time taken to fully understand the basic fundamentals.....at the very least.
A comprehensive understanding of risk management is essential, without it you essentially be gambling. You will also need to spend time developing a strategy, back testing and refining until you are confident. Using a demo account is highly recommended for this as you will have full access to the markets without risking any real money.
Our essential reading hub has a range of guides covering a variety of topics that should be fully understood before trading.
A comprehensive understanding of risk management is essential, without it you essentially be gambling. You will also need to spend time developing a strategy, back testing and refining until you are confident. Using a demo account is highly recommended for this as you will have full access to the markets without risking any real money.
Our essential reading hub has a range of guides covering a variety of topics that should be fully understood before trading.
ArnavDeshmukh
Well-known member
I think having reliable support can make a big difference in your trading journey. A good broker not only provides you with the necessary tools and platforms but also offers support, guidance, and a responsive customer service team. Knowing that you have a dependable partner can boost your confidence and peace of mind as you navigate the dynamic world of trading.
Trading can be highly profitable but this profit essentially comes from taking risk and that is the biggest problem. You can earn risk free, i.e. get certain future price on your investment but this is possible only with investment in government bonds.
FXOpen Trader
Well-known member
When we are actually doing our trades we will need to bring down the Risks so that the losses will remain under control for us.
VasilTodorov
Well-known member
that is hardly one you need to spend lot of time to make money there
Fin_Trader
Well-known member
If you learn to trade and trade according to the rules of money management, then you can get a profitable investment. Here you can earn money in any corner of the world once you gain experience. But in addition to experience, you also need a decent broker who would provide comfortable trading conditions and quickly withdraw profits. That's why I like trading with fxopen.
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