Can you really make money on Forex?

[Rinder]

Anyone tried or currently trading forex is it possible to make money on it?

I haven't tried it ever so can't tell exactly if it is possible to make money there.

But what I have read is that the forex is pretty tricky and needs amount of money to invest (like any other trading), patient and read more about the currencies, stock markets etc.

We should be aware that also political things can affect the performance of the forex trading, rate etc. See when Trump won the election how the market has changed.

I tried it already, and it is just like alt coin trading, The only difference is the volatility of the price. The only reason why it needs a huge capital for trading on forex is because the price inflation their is just a small percent so it is useless if you have a penny and have a profit for small percentage. But if you have a million USD, forex is a great opportunity to earn money because it is safe and not like altcoin.

Well forex isnt a easy game to play, the pips does change all days, and we have always the opportunity to take profit and close the position, as long we dont be greedy person, otherwise we risk to loose. Im about to join forex, since i will play with bitcoin the broker is requesting me some documents i will provide, as i understand to they be able to repay me if i make good results they must declare how much i had won, i do know well these marketplace and im exited to be joining soon forex for one last try.

[South Park]

Altcoin trade is considered as forex too?

I think that to make money with trades is required a lot of study, none newbie can do this, maybe you can have lucky on the first month or more but if you don't know exactly what are you doing, you will lose all your money. Nothing comes easy, knowledge is everything.

Yes you right knowledge is everything. I have an oppinion, I think trading cryptocurrency and trading forex is different. In forex there are technical term called margin call, pip and etc. But in cryptocurrency trading we only have two technical term called buy and sell. Peiple can make money in forex,  I am agree with your statement that need study to do trading forex,  if someone do this without knowledge it's just the same with gambling.

Trading forex and altcoins is different but there are a lot of similarities at the end it does not matter what you are trading since we, the people are the ones doing the trades, so the same patterns that appear in forex, bonds commodities should appear in the altcoin markets.

[Oilacris]

Altcoin trade is considered as forex too?

I think that to make money with trades is required a lot of study, none newbie can do this, maybe you can have lucky on the first month or more but if you don't know exactly what are you doing, you will lose all your money. Nothing comes easy, knowledge is everything.

Yes you right knowledge is everything. I have an oppinion, I think trading cryptocurrency and trading forex is different. In forex there are technical term called margin call, pip and etc. But in cryptocurrency trading we only have two technical term called buy and sell. Peiple can make money in forex,  I am agree with your statement that need study to do trading forex,  if someone do this without knowledge it's just the same with gambling.

Trading forex and altcoins is different but there are a lot of similarities at the end it does not matter what you are trading since we, the people are the ones doing the trades, so the same patterns that appear in forex, bonds commodities should appear in the altcoin markets.

They are really different  even though  they are the same  on trading field.  Crypto currency   volatility is   really different compared to currency and stocks price  volatility. Forex  is do really hard  to learn and  it would  really takes  years  to be profitable  with it and also   it do requires  big  amount of capital  unlike on altcoins which  you could able to trade on small amounts.

[xeqoRameshAxueamExaqana]

i can constant proift in forex trading
but forex trading is very dificult and high risk, you can lost all money in forex trading

[Barbut]

i can constant proift in forex trading
but forex trading is very dificult and high risk, you can lost all money in forex trading

Money can be lost always, that a fact. You can constant profit what? You mean you can make profit there? For some people poker is difficult game, trading with alt coins sounds like since fiction to some people when I try to explain them how people make money and on which ways. Bottom line is that everything is a risk, if you are skilled you can avoid some threats and risks, but even skilled players lose sometimes. Games that never end, for me everything is gambling, and that is a fact, whether you like it or not.
For me forex is hard to understand, I try it for a while but I didnt found myself in that.

[Positid]

i can constant proift in forex trading
but forex trading is very dificult and high risk, you can lost all money in forex trading

Money can be lost always, that a fact. You can constant profit what? You mean you can make profit there? For some people poker is difficult game, trading with alt coins sounds like since fiction to some people when I try to explain them how people make money and on which ways. Bottom line is that everything is a risk, if you are skilled you can avoid some threats and risks, but even skilled players lose sometimes. Games that never end, for me everything is gambling, and that is a fact, whether you like it or not.
For me forex is hard to understand, I try it for a while but I didnt found myself in that.

You can't be successful in venture that you do not understand, therefore it's not advisable to follow what others are doing since it does not mean that when they are profitable we are automatically profitable as well. It's all about the passion, and true that Forex is hard to understand but trading in crypto is way more easy.

[Leonard2016]

i can constant proift in forex trading
but forex trading is very dificult and high risk, you can lost all money in forex trading

Money can be lost always, that a fact. You can constant profit what? You mean you can make profit there? For some people poker is difficult game, trading with alt coins sounds like since fiction to some people when I try to explain them how people make money and on which ways. Bottom line is that everything is a risk, if you are skilled you can avoid some threats and risks, but even skilled players lose sometimes. Games that never end, for me everything is gambling, and that is a fact, whether you like it or not.
For me forex is hard to understand, I try it for a while but I didnt found myself in that.

You can't be successful in venture that you do not understand, therefore it's not advisable to follow what others are doing since it does not mean that when they are profitable we are automatically profitable as well. It's all about the passion, and true that Forex is hard to understand but trading in crypto is way more easy.

you have to be smart about these things if you want to be successful.
for example you can follow others but not with money, jus as a record to learn what is going on. and those others should be good traders not any random person on the internet which may be wrong or fake or even an scammer. and you will learn everything in no time.

[lionheart78]

Well i think people can make money in forex, they just need to be well educated about what they are doing.  In my opinion having more knowledge over others will give you an advantage since when you win other loses.

you have to be smart about these things if you want to be successful.
for example you can follow others but not with money, jus as a record to learn what is going on. and those others should be good traders not any random person on the internet which may be wrong or fake or even an scammer. and you will learn everything in no time.

Having other data as reference is always good but we need to verify it in order to use it properly.  I agree that we need to be smart in everything we do especially when it involves money and properties.

[yndye]

Anyone tried or currently trading forex is it possible to make money on it?

Yes its really possible as long as you have the patience and a strategy at hand and be sure to follow it. Its also ideal if you have the mentor that can teach you in the ins and outs in forex trading because he already has a feel of the market like he is used to it and its movements and already have an idea of how the mindset of traders work. Trading psychology is really important because its one of the key to succeed because in here you will have self control as well as for your emotions whenever the price goes where you want it to go or the other way. As for me, I am slowly learning to trade without involving my emotions because I was burned many times by it before. I learned my lesson.

[Badtian]

Yes you can make a lot of money in forex if you know how the stocks are working and also you can lose some. Its hard but once you understand it will be easy for you

[Caladonian]

Altcoin trade is considered as forex too?

I think that to make money with trades is required a lot of study, none newbie can do this, maybe you can have lucky on the first month or more but if you don't know exactly what are you doing, you will lose all your money. Nothing comes easy, knowledge is everything.

Yes you right knowledge is everything. I have an oppinion, I think trading cryptocurrency and trading forex is different. In forex there are technical term called margin call, pip and etc. But in cryptocurrency trading we only have two technical term called buy and sell. Peiple can make money in forex,  I am agree with your statement that need study to do trading forex,  if someone do this without knowledge it's just the same with gambling.

Trading forex and altcoins is different but there are a lot of similarities at the end it does not matter what you are trading since we, the people are the ones doing the trades, so the same patterns that appear in forex, bonds commodities should appear in the altcoin markets.

that's also how i see it after i did some research on how the market works with forex its just same pattern of buying your trade and selling it as well the only thing is you have a lots of advantage since there's many things to consider to know how the market will move inside forex unlike alts its just the news and the whales that playing with the price.

[zero1ten]

Since the Trump election I was trading USD/JPY at simplefx, the price was around 102¥ against $ when Trump won, then came the news that it was the right time to buy USD and it would rise to 110¥ so I buy long and after the market closes  last friday I earned a profit of 83% from my inital capital 2 weeks ago.

[stephanirain]

Anyone tried or currently trading forex is it possible to make money on it?

Yes you will make money from forex. Yet, it would took you alot of time to make that happen. If you have known any team in forex or proffesional traders, go with them and sure you will get a profit easily. Another tip, do not trade too much in trading in forex.

[South Park]

Yes you can make a lot of money in forex if you know how the stocks are working and also you can lose some. Its hard but once you understand it will be easy for you

I claim no expertise in forex trading or anything for that matter but if I’m not mistaken in Forex you only trade currency pairs USD/EURO, USD/Mexican Peso, etc and you don't trade any kind of stocks.

[stephanirain]

Anyone tried or currently trading forex is it possible to make money on it?

Yes, you can practice traing on their site using virtual coin costs of $50 000. If you think you cab earn, know how it works, then you can apply it using your real money. Yet it is risky, you beed to smart and patience enought.

[Theforextrader]

we just made $650 on forex today

[icecube45]

Trading forex is incredibly difficult. Moreover, to be able to make any profit, you'll need an awesome amount of money that you could lose.

Yes indeed capital to start trading forex is very large, usually above $ 100. But if you can understand the market will definitely be able to get huge profits. If the first is better to use a demo account, it will help. If the already often profit on a demo account and own capital to start forex, can trade with a real account.

[Dudeperfect]

we just made $650 on forex today

That’s amazing news but I would like to ask you about details. Can you please share trading tips (and strategy too if possible?). Which platform you usually prefer and in what pairs do you trade? What was the amount of capital invested and the time zone in which you are located? I am interested to learn more about forex trading.

[Theforextrader]

we just made $650 on forex today

That’s amazing news but I would like to ask you about details. Can you please share trading tips (and strategy too if possible?). Which platform you usually prefer and in what pairs do you trade? What was the amount of capital invested and the time zone in which you are located? I am interested to learn more about forex trading.

follow my thread. https://bitcointalk.org/index.php?topic=1664883.0

[el kaka22]

we just made $650 on forex today

That’s amazing news but I would like to ask you about details. Can you please share trading tips (and strategy too if possible?). Which platform you usually prefer and in what pairs do you trade? What was the amount of capital invested and the time zone in which you are located? I am interested to learn more about forex trading.

To me the most profitable trading system is bitcoin, as I can make good profit form bitcoin, therefore I can only prefer to bitcoin and not going to practice any other platform. I also suggest to those who wants to enter bitcoin trading that if they want so extra income they should also invest in bitcoin.