Forex Trading is Profitable?

[Charlie3]

forex trading is very good for day trading and swing trading , we can make lot of money if done properly

[capoeira]

crytpotraders have some problems with Forex since bagholding "strategies" will get you killed very fast (will fail in cryptos in the end, too however).
Also position sizing is very important with the huge leverages you can get on some brokers. Many cryptotraders haven't even ever heard of it lol.

a I made a list of recomended Forex brokers for cryptousers here: https://bitcointalk.org/index.php?topic=716530.0
there are so many out there now, better stick with the better options

[Obiwankenodium]

Im copytrading with zulutrade, just as a diversifacation of my total assets. Up until now the earnings are quite ok.

[emililadjet]

The real problems can begin to develop when communication between a trader and their broker begins to break down.

[seramania]

forex trading can make profit or not it depends on the person who does it, many people and traders benefit and also many people don't get profit because they can't work well in trading. become profit or not seen from skills and abilities

[Indrawan77]

It is profitable if you know how to trade properly, there are numerous of people make a living by becoming a traders so every trading could be profitable, forex is one of the trading that got high risk, the price movement factors is almost the same with stock market, but the price movement is a bit faster than stock, if you already familiar with stock then you won't have too much difficulty to do forex trading

[Clark05]

I have friend earn a lot of money in forex trading. And maybe someday I will watch a video to learn more how to earn because for me I think it is not easy base of what I see but it depends to person of what strategy they use.

[cubicdissection]

forex trading is a world big platform for currency pair trading it is profitable but also risky if you want success in forex you need to learn and practice in demo account

[Obiwankenodium]

forex trading is a world big platform for currency pair trading it is profitable but also risky if you want success in forex you need to learn and practice in demo account

or prove you can make profit on a small account. Trading on a demo account is different in psychology than trading with real money in my experience, even if it is only a small amount of money.

[capoeira]

forex trading is a world big platform for currency pair trading it is profitable but also risky if you want success in forex you need to learn and practice in demo account

or prove you can make profit on a small account. Trading on a demo account is different in psychology than trading with real money in my experience, even if it is only a small amount of money.

best is to take steps.
start on demo account (better stay there for a couple of WEEKS),
then go 0.01 lot until you make constant gains,
than you can make the positions bigger (in small steps)

[CryptoMobster]

I use a lot of forex based trading methods to trade Crypto, just got to make sure you use good risk management with the crazy movements we can get.

[liuqi]

forex trading is a world big platform for currency pair trading it is profitable but also risky if you want success in forex you need to learn and practice in demo account

All the trading platform is risk one, so we need some experience But If we start forex trading automatically it will improve skills so everything is our learning knowledge. I said Forex trading is less ricky platform compared to crypto investment, So I recommend to crypto because If we take more risk you will get more profit in trading.

[milewilda]

As long a market do have Buy and Sell then profitability would always be there. Im a long time Forex Trader but i temporarily switched to Crypto market for some years due to profitability matters.
We cant really deny that crypto can give out 1000x possible profits if your are somehow lucky with your investment which you cant able to achieve on forex for a short period of time but when it
comes to risk then they differ but both things are actually risky if you dont know on what your are doing.

[pundit]

I am into Forex trading for last 9 years, infact forex took me into a deep debt, its the cryptocurrency market which helped me in recovering my losses but since the time crypto market in bloodshed there are again deep losses. Every financial market is having its own cons and pros, most of the crypto exchanges do not allow over margin trading so your equity cannot be wiped out in short time but forex exchanges provide over margin trading up to 1000 times and people do not control their emotions of taking high risk trades, it leads to account wipe out in few moments sometime.
Same is vice versa there is lot you can earn in forex trading if you know how to take trades and control emotions, if you are good in fundamental or tech analysis you can double your account in few days by taking small risk, there is high volume forex trading so you have good fluctuations of price most of the time. Forex brokers offers lot of trading tools inorder to analyze market, also you can trade demo account to test your trading skills.

[Reid]

Zero risk? Is that a joke?

Then let us all just do forex trading if that is the answer.
Crypto trading wont be here if that is all true.

I have just one question though.
Why post it in bitcointalk forum?
I mean why are you here if you really believe that forex trading is the answer for you to be ricch?

[noormcs5]

forex trading is very good for day trading and swing trading , we can make lot of money if done properly

Forex trading is risky at the same time. You can end up liquidated if you do not trade properly. On the other hand, even an inexperienced trader, can keep and hold his coins for a longer term in case he is in loss.  

[wuvdoll]

Forex is at least a bit more less volatile unless some political major break happens. The difference between crypto trading and forex trading is quite known. When you are trading crypto you check out the signals and charts and indicators and all that jazz and in the end you are just at the hands of some whales.

Everything could look like price is dropping and some major player could buy and price will go up, or it could be just the reverse when everything looks like price is going up but than it will fall. That is exactly what happened in 6.5 thousand dollars, everyone believed price would go up because everything looked amazing but than we are at 3 thousand dollars because of a whale.

Forex doesn't have that, unless some president does something silly the prices are not that much volatile and you just look for good indicators and buy/sell accordingly and you are mostly right.

[ongkok87]

forex trading is very good for day trading and swing trading , we can make lot of money if done properly

profitable and not depends on the person who plays, because there are already so many people who lose money because the experience is still small and there are those who succeed in forex too. and it depends on how you play

[Kotone]

Forex trading is good. In fact I once tried to do forex trading, before I got into cryptocurrency. I know a lot of people that are into forex trading and they have been able to make a lot of money and able to buy houses and live a good life by trading forex.

But that doesn’t mean there are not people who are losing, a lot of people are losing their money forex, thought majority of them are due to lack of skills and experience, and as a matter of fact some of them has labeled it as scam.

So you mean to say cryptocurrency will be like this in the future?  When people lose money they will label it as scam but if not, they will be psyched to believe that it's not even red flags are obvious. I would love to try FOREX as the market capital is the biggest in the world. But all of my earnings will be overflowed in crypto 

[jerry0]

Can anyone do this as long as they have a bank account?