Can you really make money on Forex?

[pitham1]

Just trade crypto. Forex is crap shoot. All centrally planned. The bankers open their mouth and talk the money up and down. The whole market is totally faked and rigged.

Yup, crypto is where the action is. However, you can lose money through pumps and dumps as cryptos as well.
Central Banks are the big whales in the forex market. A lot of people lose money when they take irrational decisions.

[Sled]

Just trade crypto. Forex is crap shoot. All centrally planned. The bankers open their mouth and talk the money up and down. The whole market is totally faked and rigged.

Even though forex is what you think it is, if you manage to read the flow or movement of the market, you will definitely make money on Forex.  I believe crypto and forex have the same nature.  So when there are people getting profit in crypto, absolutely there will be people who get profit in Forex.

Yes, forex and crypto trading is the same because they are all about currency but the advantage of cryptocurrency trading is you can easily make money because it is almost predictable with the use of chart, by basing on it and finding some patterns and also by the news where you can make a conclusion while in forex, it is very difficult because it is fast pump and dump so you need to study well before you can make money. I prefer crypto than forex.

[bamboylee]

So far I know about Forex that it is a online currency transaction sector. Obviously you can earn money and lose also. In business both can be happened. I am not involved in Forex but a number of my friends are doing well in here, they are making profit from this way, sometimes they have lost of their capital also. It's a natural process but you have to be capable and  intelligent to make profit from forex.

yes,it is possible. in order to win, one must be an experienced trader and have enough knowledge with what you do. should be able to analyze and understand the mechanics of forex trading .

[electronicash]

in forex, you can always profit no matter where the market is going because you can either go long or short in every position you made. same thing with loss, you can either lose money wherever the market is heading where as in crypto currencies, accumulating and waiting is the game. the more you have the more money you can profit in the end.

[n0ne]

in forex, you can always profit no matter where the market is going because you can either go long or short in every position you made. same thing with loss, you can either lose money wherever the market is heading where as in crypto currencies, accumulating and waiting is the game. the more you have the more money you can profit in the end.

Yeah with forex what's​ been quoted seems to be the right way to profit, but with bitcoin accumulation of bitcoin for a long time period is good for making better profit. Same time accumulation cause the value drop for which, even if you hold bitcoin as a long term investment periodic spending is a must that makes the value be stable and growing further.

[Card]

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

Forex is known for its high volatility. If you have enough resources for news feed and enough knowledge on technical analysis, you may get possibilities to earn more from there. Compared to bitcoin trading, Forex is high risk involved for your capital.

Yes, right
Forex is a high risk gambler
If you want to play forex be careful.

[yakushev]

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

Forex is known for its high volatility. If you have enough resources for news feed and enough knowledge on technical analysis, you may get possibilities to earn more from there. Compared to bitcoin trading, Forex is high risk involved for your capital.

Yes, right
Forex is a high risk gambler
If you want to play forex be careful.

There is no need for caution, but experience and knowledge.
The risk is only related to how you can properly manage money. You are responsible for your actions and profit.

[DRaGoN RaNTaRo]

Just trade crypto. Forex is crap shoot. All centrally planned. The bankers open their mouth and talk the money up and down. The whole market is totally faked and rigged.

It is somewhat true that it is not that easy like we used to make in the crypto market,in order to make a healthy profit in the forex market you have to invest more money as the volatility is really low compared to the alt coin market,where you see massive volatile market and as a trader you will always like the crypto market simply because of that.

[bouren]

Just trade crypto. Forex is crap shoot. All centrally planned. The bankers open their mouth and talk the money up and down. The whole market is totally faked and rigged.

Society and economy have special feature of kicking out everything unworthy.
If Forex is still here it implies that Forex does possess some utility. Everything in world requires time and knowledge to get perfection. Simply blaming something as fake and fix won't work, many people are making grands every month with Forex.

[grermezter]

Forex trading is very lucrative, but you have to watch the signs and be well informed about what's going on in the economic world a lot.

[electronicash]

Just trade crypto. Forex is crap shoot. All centrally planned. The bankers open their mouth and talk the money up and down. The whole market is totally faked and rigged.

Society and economy have special feature of kicking out everything unworthy.
If Forex is still here it implies that Forex does possess some utility. Everything in world requires time and knowledge to get perfection. Simply blaming something as fake and fix won't work, many people are making grands every month with Forex.

i do believe you as i'm from forex community back then. i have been trading with few brokers since 2008. these are the money around the world being traded in pair, transactions in forex market reaches up to trillions in a day this is combined to all sessions from tokyo, ny and london.

you'd understand that most if not all of the crypto users have not experience using metatrader and how money is earn with just one pip in forex.

[virasog]

Just trade crypto. Forex is crap shoot. All centrally planned. The bankers open their mouth and talk the money up and down. The whole market is totally faked and rigged.

Forex is just a shit. All the forex is planned to make people lose the money and they end up their accounts balance and its goodbye all investment. 
I would suggest use crypto trading that is way better than forex. You have a lot more information on crypto and there is no hidden force who is moving the prices and making people loss.

[South Park]

Of course you can make money in forex, but it is really difficult, many get greedy and think about getting a lot of money, but the truth is very difficult to make money in forex, more than 90% of those that invest in forex end up losing their money and obviously that money goes to the experts that take advantage of the new traders.

[Hydrogen]

Forex is good for cases where a currency hyperinflates. Someone can make a lot of money buying up hyperinflated currency right before it rebounds. There are some who earn a decent living trading on forex. There are some scams in forex that can take advantage of those without experience and also those who don't have enough money to afford to trade on a legitimate platform.

I'm not certain how profitable/unprofitable forex day trading is. With most major governments on the planet being trillions of dollars in debt--forex could be incredibly profitable in the future if governments default on debt & hyperinflation occurs followed by a rebound.

The zimbabwe dollar at its hyperinflation lowest value to rebound growth somewhat mirrors bitcoin jumping from $12 per BTC to $500 per BTC. Hyperinflation can generate incredible growth.

[Lancusters]

Forex traders are earn only. Happen of course exceptions, but this happens very rarely. I do not advise anyone to tempt fate in Forex unless you want to part with the extra money.

[btcjoin14]

If you could make money on Altcoin trading then you might have a chance within that Forex game since the markets pretty much move in the same directions. Just a regular up, down and sideways movement is not that hard to view the outcome from those movements, the only thing that you might want to have considered would be to have the right bankroll management so you could diversify your portfolio in order to make more money and decrease the chances of losing a bunch of money on it.

[NavySeals]

You can make money on forex, but this doesn't mean you'll do it anyway. It's the market of wolves and really hard to survive there. Actually, if you're using leverage, the end is very close to you on forex.

[darthmaul]

Foreign exchange is multinational trading platform. It requires lot of skills and people are crazy about it. There are masters behind the forex playing you as a game. You must be one step ahead, there are small decimals you have to look after, do the math, aftermath and all the calculation very quickly. The market goes up and down in fraction of seconds, you have to look after news update every hard hour and manipulate your very own trade. That is how it feels like forex. Now imagine yourself doing that. 

[Kotone]

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

They had guidelines on how you can start trading with forex they also have flow chart and instructor if you really want too also they had practice mode but when it comes in reality you will be distracted of all the coins in there you will be distracted on what coins will be buy and everything will be fall apart until you will lose everything from it. I lose 100$ dollars there and never tried it again.

[Theb]

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

They had guidelines on how you can start trading with forex they also have flow chart and instructor if you really want too also they had practice mode but when it comes in reality you will be distracted of all the coins in there you will be distracted on what coins will be buy and everything will be fall apart until you will lose everything from it. I lose 100$ dollars there and never tried it again.

Bro I think what he is referring to is Fiat Currency which is "Forex" or foreign exchange and not Altcoin. Forex is much more simple and easier compared to Altcoin trading as you can based your trades on how the country's economy is doing which is reflected to the currency's price. Also one of their tools is not called a flow chart but basically just a "chart" in which you can choose from lines to candlesticks.