Can you really make money on Forex?

[EdenHazard]

There was forex before Bitcoin, obviously I did not win from forex. Because forex requires a lot of patience, and foreign currencies move very slowly. That's why I did not have a winner.

move slowly actually not the real problem as you can always have a broker and get your money in 10x from the initial deposit , well i am not really love to play forex anymore with limited time to trade compared to bitcoin which 24/7 .

a big whales are the only one who make money there , in bitcoin , anybody could achieve it for sure!

[dzhan]

I don't like Forex, it is very risky and you need really big knowledge and large experience to make some profit or at least to minimize the risk of losing. Also you need to trade with big amounts to make some earning, which make it even more risky. Instead I like trading crypto currencies.

[DesmondHayes]

Everything is achievable just with the right knowledge and right techniques. Money can come fast and it can also disappear fast. If you plan to trade on the forex you should find yourself a good broker which will instruct you with the further details about your possible investment fields where you will trade your stuff. Forex is very risky and you must watch out for the fail predictions that the certain amount of the scammers are sharing to make their own profit out of the scam. Money can be made but there are only a few of the profit winners that achieved their goals on the forex alone.

[chrmn27]

Yes you can if you know how to deal with it. I mean, ForEx is a very risky thing since it involves fluctuation. You have to have that instinct of when the value will go up or down.

[Lanatsa]

Yes you can if you know how to deal with it. I mean, ForEx is a very risky thing since it involves fluctuation. You have to have that instinct of when the value will go up or down.

Instinct is just a part on doing trading either on stocks,forex or cryptos since market is very unpredictable. The thing here since we do talk about forex,we can actually make money on it and there are lots of forex trades out of the world which do generate some good cash or profits but at the same time there are losers on trading too. If theres gaining traders then there are losers normally. Forex is quiet complicated but somehow a manageable thing if you are really expert on it then its a good source of income too.

[jems]

I do not know forex, never even learn it.
many have told me that forex is very difficult to learn and difficult to make a profit.
I trusted it and never tried it. I chose crypto for trading

[markint]

Well, I must admit that my experience in Forex has not been bad, but compared to the income that I am getting thanks to the cypto trading I think there is no point of comparison. I hope to continue trading in Forex in a marginal way and as an extra income, because now all my focus is on the cryptos, although I must admit that what I learned in Forex has been more beneficial for me than the monetary gains I got there.

[Anco_Marzio]

Trading of forex can be very profitable, but only if you take it as a real business, with analysis, strategy and sacrifice.
I can't count how many nights I lost staying in face of three monitors....
Btw, now crypto - even if it's more risky - is more profitable.

[shaun98]

Yes, you are able to make money by trading on Forex. But the gains will definitely not be as much as it is by trading crypto. You will likely need a large margin in order to be able to make tons of money.

[Lupus Solitarius]

Of course you can, but only if you understand that it's a real job that need competence, hard work, patience, analysis and so on.
If you approach forex as a bet game, you will lose all your money

[Anco_Marzio]

Forex is a very well established market, and if you know it deeply, sure you can make decent money.
But with the same competency, you can gain much more trading cryptocurrencies.

[carter34]

Of course you can, but only if you understand that it's a real job that need competence, hard work, patience, analysis and so on.
If you approach forex as a bet game, you will lose all your money

Exactly , what you said is true about approaching forex trading as a betting game like playing coupon. Forex has to do with expertise because it is a serious business that real big money can be made with just a movement of a candle stick that can cover even 400 pips at a time. This 400 pips for instance, is a huge movement either bullish or bearish and depending on the lots size.

[sulendra12]

Ofcourse forex trading is one way to earn money easily althought it's very risk if the market will against you, you can lose your capital if that will happen.

You're nonsense here. You said it has very high risk and you could earn money easily from that, nah it's not. You can't get that money easily from forex if you think like that.

many have told me that forex is very difficult to learn and difficult to make a profit.

True, there is lot of factor that you have to learn before start forex trading.

[Brunus]

Well, lot of people make money on forex but a very bigger number LOSE their money.
Try to work at least 1-2 months with a demo account, then - if you gain - star with little sums.
Don't forget, mistakes on forex are very expensive...

[mrbnson]

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

Of course it is, everytime someone loses out someone else has to gain and so by that very definition someone has to profit at all times. I have had relative success trading forex, not as much as in crypto but then that is just the nature of a more saturated and established market.

[patapon49]

According to the competent authorities, on the forex only 5% of winner against 95% of loser ....

[gandhe83]

According to the competent authorities, on the forex only 5% of winner against 95% of loser ....

I also participated in the Forex market and I lost 40% of my assets. Whereas since entering the Cryptocurrency market I have had 11 times my assets. In my opinion, this is a time when you should invest in the crypto market. It can bring you much profit and durability as this is just the beginning of the crypto market. Do not miss the opportunity coming to you.

[Cryptolupus]

You can make money on forex, but you need to be very good and to have a reserve capital to recuperate the losses.
If you run out of money... bye bye...

[Freddyclose]

I tried at the time and frankly yes you win fast, but you lose just as fast, it's the casino, with a little luck you can win, but in the long run you end up being a loser

[chrisrok]

on the long run you won't beat the market. google for random walk theory