Anyone can make money from Forex Trading

There is warning about Forex Trading on every website about Forex that it is risky but statistics shows that trillions of dollars are traded daily in the Forex market.

My question is, will people still trade when they are always getting lost? This cause me to try for mydelf and I didn't regret for it. I make profit daily from Forex trading.

The problem comes when one treat Forex as gambling. If you gamble with Forex, you will loss like in casino.

Forex is not a get rich quick scheme. You cannot make all you want overnight. Just take time and study the market, practice with demo account and master before trying.

You can make it on Forex if you take time to study.

 

Most of the time, forex trading is a very volatile market because there are so many market movers that even the central banks of many different countries are trading money because it was needed to trade products as well such as importing and exporting.

Before trading currency pairs and commodities, you need to make yourself ready for cutting losses and acting fast. First of all you need to learn the technical and fundamental analysis before executing your trades. You should also be emotionless in trading. When a target price is hit, go out. As well as cutting losses when the stop loss point was breached.

 

Thanks, vadze, for the info. Forex has been one of those topics I occasionally come across, and I always find myself wanting to learn more about it, but it seems like such an esoteric area. But I agree with what you say about taking the time to learn it. There is a high barrier to entry for all worthwhile endeavors right? I'm going to to put Forex trading on my to do list for now, but I plan to research it further in the future. Anyone out there know of any good beginner books or programs?

 

Forex trading is an open business and anyone can make good cash with it. However, forex trading can also be tricky, especially to newbies. Newbies are likely to fail in forex since they take it like gambling.
Forex is a trade just like any other business in the market. Forex needs planning and analysis before making a trade. If you do not understand forex well, then start with a demo account until you know what you are doing. Many fail because of anxiety in trading. Forex a trade that need patience.
You can always find forex trading companies that offer free credit for trading. You a lot of money

 

Yes you're absolutely right my friend. Before investing in forex people should do a deep research and analysis on forex and when they feel educated enough to understand forex, they may give it a start. But again, don't see it as a gambling friends as it may earn you big but it can go opposite as well. So in the beggining, just open a trade with small positions and understand more to trade and once you understand it, you can make a good amount of money from it!