Forex is a simple and easy form of investment. You only need to join a trusted forex exchange and have a license. The strategy is the same as other types of investment, buying at a low price and selling at a high price. The time to invest is very flexible. Investors must also choose the type of foreign currency that is widely traded, such as USD, EUR, YEN, GBP etc. Furthermore, investors also need to read international currency news, because foreign exchange is highly dependent on the world economy and the government.
Is Forex Investment Profitable?
- Thread starter Suba
- Start date
Forex trading can be very profitable. An experienced trader can make a lot of money. But the risk is also very high. I am considering to employ the service of a licensed forex trader to do the trading for me. I just pay him a commission if he makes profit for me.
- Thread starter
- #3
In forex trading, no one is always successful, be it professional traders, why don't you try trading yourself with small capital, or practice a demo account first. You can also practice swing trading and position trading so you have time to analyze forex.
I have tried trading myself with small capital but have not been very successful. The trader I talk about is a reliable acquaintance of mine. He is a very experienced trader. That's why I am considering employing his service. Another reason is I have freelance work to do. I do not have much time to analyze forex.
- Thread starter
- #7
You are right that many people with higher education will greatly benefit from entering the world of forex, especially those with majors that are closely related to forex, finance, statistics, etc.
Forex trading is a great thing to invest in. However, you should take your time to learn analysis and trading strategies. It is not so easy to trade as you may think. So take your time and learn first before investing money.
- Thread starter
- #9
You are right, to invest in forex we must master the skills of both technical and fundamental analysis, besides that we must also be able to withstand greed and emotions, and practice a lot so that we become more experienced.
Forex trading is very good way of earning, provided one must have sound knowledge about it we cannot start it with only few dollars but we need some good money to start it furthermore we should remain vigilant as we must know when to sell and when to buy.
- Thread starter
- #14
Of course forex trading will be very profitable if someone has prepared himself such as mastering technical and fundamental indicators, can control emotions and is not greedy, has studied the demo account well and even has experience on a real account.
Yes there are a lot of people that are earning good money from forex trading. But it is not something you can just jump into, make sure you know what you are doing first.
Forex investments could be incredibly profitable if you know how to invest and when to invest. Forex markets are risky, but it is profitable for those folks who invest money at the right time and liquidate assets at the right time.
Forex investment is very profitable if you know about it and if you invest in the right currency that you are supposed to invest in because there are some currencies that will make you lose your money
- Thread starter
- #18
In my opinion, the most appropriate currency is a currency where you also understand a lot about the country of origin of the currency, for example JPN. You should understand the economic and financial conditions, interest rates in Japan, so it will be easier for you to predict JPN fundamentally.
- Thread starter
- #20
You are right, there is nothing easy to make high profits, and high risk like in forex. We must be equipped with both fundamental and technical strategies and analysis, apart from that we must also be able to control our emotions and not be greedy, forex trading must be according to plan.