Are there any profits in forex market in particular. I have been trading in stocks and generating good profits but skeptical about forex tradin. Any kind of suggestios will be really helpfull
THANKS IN ADVANCE.
Hellooo. Haha. This is interesting.
Profits in forex is real, but they’re really not a big as people usually expect them to be.
Unless you’re trading really big, your profits would be just enough to add to the money to use for expenses.
Sometimes it’s just enough for weekly coffee!
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Right instrument, right trade size at the right time will certainly fetch you good profits even in the forex market.
Profit is possible in froex trading but it’s not easy to make consistent profit. For consistent profit one needs to be skilled technically and physiologically. It takes time to reach that level if you study well and are determined.
That is what it made me skeptical about forex trading lets see where it goes for me as i am quite new to this and learning new things everyday.
Thing is you will need to take long time to make a consistency in profit. Forex trading cannot be done easily without having prepared in advance, understanding and knowing how it works. Forex trading is more of short term type of trading where you can make a profit on quicker timeframe but the consistency can never happen quickly
Yes true that i am a beginner and maybe that is why i dont have much patience in me will try upgrading my skills on demo account
Yes FX has a lot of up and downs that’s why you get more opportunity to make money. Though there is no support from Central Banks and you can’t make dumb bets on some bull run.
agree to your point of view, but i think the amount of profits i make on demo account will they be equivalent when i trade with real money?
Yes, profits are real in the forex market. You just have to find a way to make them. Forex trading is quite difficult if you don’t do your learning properly. So, you must make sure that you know what you are doing.
absolutely correct…yes finding it difficult but taking it day by day
Oh yes they are real indeed. But if you need more profits, be ready to risk more too. Forex does work differently from stocks so if you’re planning to invest, study about it in detail with the Pipsology School. For me today, could barely make the same amount I invested and believe me I’m hopping around quite happy.
It is real. But these days a bit harder to make money from since it’s not as volatile…
Yes you can surely make profit through forex trading, but due to this lock down constraints market is less volatile.
That great, hopefully i will learn about Forex and keep booking profits
taht is good if there is less volatility in the market
Why is less volatility good?
Yes, I guess that is the reason why traders are trading in the forex market. No?
The forex market is a zero sum market. One loses, the other wins. So obviously, profits are real in the forex market.
Exactly there is always continuous buying and selling in forex, so if a person wins automatically the other one will lose and hence forex is a zero sum game.