Is Forex reliable? - Page 2
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Thread: Is Forex reliable?

  1. #11
    If it comes to investment and company, there's no such thing as being safe..that said, yes this market, such as other people carries some risk. Attempt to read up on the market online, what risks are involved and also would seriously suggest that you review some of the free online tools on trading before trying to trade. .

  2. #12
    Quote Originally Posted by ;
    I have heard many rumors concerning Forex that Forex is not reliable and Forex is a risky business and you can loss all of your money. So I'm rather confused about Forex so plz help me and tell me Is Forex reliable or not?
    Is similar to any other business: risk know the details =gt; achievement.

    Can you remember when first time crossed the road? Or las time whenever you have watched a baby, who almost crosses the road?

    Crossing a road is more risky than this, since it's possible to lose your own life in a second. Here you can loose only all of your money.
    Knowing learning when to cross a road and where, how and studying in Currency Market when to exchange and how has distinct learning curve.

    I would say trading Currency Market: needs money like any other business and requires understanding like every other profession.
    Https://www.nigeriaforextrading.com/...g-dilemma.html Here folks are telling how much time it took to loe an edge. You are able to watch for a few took 6 years.

    Live only from Currency Market I think, want money like 24 month of your wages and knowledge accumulated in min 5 years. Any of two state does not meet, than need to make money from somewhere else too.
    If your costs are 1000 usd / month, than you can not live form an 5000 usd account for long time.
    Even in the event that you have 100k usd, but you're newcomer, as I could see, you will loose it at the very first week!
    After wiping 5-8 accounts you will produce the account wiping a lot slower

    I would recommand to perform in Demo till you have 3 month successive profit. Why loose money in live account if on demonion you can not earn money?!
    Than open an account anywhere with 100 usd and also have 3 month successive profit before place other 100 usd.
    If your account goes to 50 usd, than your lost 50%. Thank go back to demo 3 weeks and find a motive what occur in live account and fix it.
    I do recommend to have minute 3 brush of reside account before place the first 1000 usd. You gone wipe the 4th account too, for sure! - but you will not die like in crossing the road.
    Perform a little with 1000 usd than increase the account, if you have 3 successive month in profit. Step by step.
    Never increase the account with 1000 percent has plogical impact!
    After a few years I'm thinking to play 10-20k accounts, I do not know how it's the 100-200k account, in which daily you will get /- 5k account possibly... but around that can live someone somewhat comfy in New York imo ( monthly 20k earning, cover taxes you will have a little above 10k).

    When you have patience to wait rather than looking to exchange every time ( a loan force you in this way) than monthly -10% to 30% is sensible for me. For a few -5% is to much for additional not -50% are enough.

    You will have days/weeks/months with negative return no matter how great are you. The huge numbers rule.

  3. #13
    I believe that the actual question is are you reliable. Will you chase every $97 indior that comes to your in box nearly daily. Will you narrative the negativity that's all over the forums? Will you believe the statements which brokers search for stops or the big dogs actually exist.


    Forex is a speculative market. Meaning that the large dogs aren't trading daily. Has anyone noticed how the US market is almost dead regular after London goes residence. Did you ever wonder why? Since the US practically shut down retail forex trading together with regulation. When the NFP comes out it isn't the big dogs which are moving the markets its the retail traders who trade on emotion.

    Forex is a business and like any other company your success is dependent on how edued you are in the topic. I get a kick out of the number of people wont pay for a tutor or mentor since those guys cant trade. How much does this cost you emotionally when you blow out an account not to mention the money you just wasted? Take a look at the posts in the forums sometime, simply read them. People go from a simple MA cross to including RSI, MACD,AST, Bolinger etc.. All searching for the grail. The systems never quit growing. People never quit trading demos.

    Here's a secret you can demo for 20 years and when you go live you will still blow your account since there isn't a system in the world that accounts for the largest factor that contributes to losses. EMOTION!!! Play monopoly with real money sometime and observe how the dynamic of the game varies. When you demo you are playing monopoly. In case you have 5k to trade with put $500 in an account trade micro lots that is practice.

    Lets go back to the company idea to get a second. In the event that you were going to start a computer software firm but did not understand how to program could you

    a) employ someone to appliion for you ( IE signal service or managed account)

    b) take classes sort professionals or a school that edued programing. (mentors courses)


    I will name 3 quite well respected people that all offered their systems and edued people to trade and not 1 man would call them state that they couldn't trade. Any suggestions before my next post tomorrow are welcome.

    Oh for the record I am not a prosperous trader. I hope to become one. I blew my 5th account and am waiting to finance another. I am waiting till I have the knowledge I need. I like many believed that tutors were a scam I figured that I could find anything I had in the forums or to get free on the internet. I broke a rule we all grew up with and holds true to this day

    YOU get what you pay for and sometimes YOU pay more then you had to. I will hook up a trade research tonight so you may see exactly what I am talking about.

    My losses were not because my broker screwed me or the big dogs tricked me or my broker hunted my ceases they were since I believed the hype I believed that I could demo systems and triumph. I believed that when I added just one more indior I'd have the missing puzzle piece.

    Truth is I did not. So lets answer the question may forex be reliable. The answer is right before you .... Just go look in the mirror.

  4. #14
    Yea FX is risky, and so is any other investment. Reliability is determined by the level that the trader is at. At the prop firm its a job just like any other. At your home computer then its very different. One loss and you might take a hit that is unrecoverable.
    kerry

  5. #15
    It is as reliable as you want it to be.

    If you would like to risk massive drawdowns and margin calls attempting to chase rapid profits - no one will prevent you

    If you want to develop and test a very low risk egy that yields consistent returns while developing a professional approach and the plogy to stick to it - no one will keep you from doing this either.

    Quote Originally Posted by ;
    Everyone get's what they want out of the market
    -Ed Seykota

  6. #16
    Quote Originally Posted by ;
    It's as reliable as you want it to be. If you wish to risk large drawdowns and margin calls trying to chase fast gains - no one will stop you If you want to develop and test a low risk egy that yields consistent yields while developing a professional approach and the plogy to adhere to it - no one will keep you from doing this either. quote -Ed Seykota
    You're absolutely right.

  7. #17
    Forex exchange is quite reliable business and when the trader is having proper trading abilities and knowledge then Forex become the good and consistent source of income for them and it may also the alter the living standard.

  8. #18
    Nope, it is not reliable.

    Finally, you will lose everything in FOREX. Just stay away from it and go look for employment.

    Otherwise, if you want to place your cash into this CASINO, then don't complain after.

    99.6% of individuals lose money in FOREX. Period.

  9. #19
    Quote Originally Posted by ;
    Nope, it's not reliable. You will lose everything in FOREX. Just stay away from it and go search. Otherwise, if you want to place your money into this CASINO, then don't complain after. 99.6% of individuals lose money in FOREX. Period.
    Then why are you trading partner ?

  10. #20
    Yes, Forex trading business is risky but that does not mean Forex is not dependable! There have so many expert traders who are making quite handsome sum of money regularly! Consequently, if you have good trading ability then Forex will be dependable to you not! Besides, consistently stay with regulated Forex broker since only regulated Forex brokers can ensure 100% capital security!

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