Is forex a risky business?

[Starmix]

It's concerning that some brokers who prioritise their own profits over the well-being and success of their clients, especially beginners. That is unfair and unethical for brokers to encourage risky trading practices without providing proper warnings or guidance.

You said it right, there are brokers who abuse the new traders. Time comes they will be slapped by their own hands once those new traders become big traders.

 

[cherry123]

Yes it is especially for those that don't understand how it works and they just dabble into it to make money

 

[Nite]

You said it right, there are brokers who abuse the new traders. Time comes they will be slapped by their own hands once those new traders become big traders.

Eventually, their dishonest actions will be backfired, and then they will lose the trust and respect of trading community.

 

[Passiveearner]

There are many reasons why Forex trading is so risky. The Forex market is incredibly volatile. In fact, it is so volatile that the value of currencies change withing a few seconds if you consider the actual value of currencies in digits after decimals.

There is no doubt that forex trading is a very lucrative investment, but it is also one of the most riskiest forms of investments out there.

It's very a risky business in deed. The brokers usually warn their traders to be aware of the high possibilities of loosing their whole capital prior execution of their trades.

 

[IB D]

Forex is so risky and I can't even indulge in it. Can bring you down all at once.

 

[Passiveearner]

An investor must never forget to use stop loss if they want to invest in the Forex market, especially when they are scalping. Majority of the traders always use stop loss while trading in the markets.

Forex is so risky and I can't even indulge in it. Can bring you down all at once.

 

[Kosi G]

Forex is very risky. It is almost like gambling but a little bit more controlled. Everything can crash within a second.