Is Forex Investment Profitable?

[Bisolami]

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.

Forex is about strategy and understanding. If you do not understand the kind of pairs or the kind of currencies that you should invest in, do not bother to invest in it

 

[Suba]

Forex is about strategy and understanding. If you do not understand the kind of pairs or the kind of currencies that you should invest in, do not bother to invest in it

I totally agree with you, we have to master the types of forex currency pairs such as Major Pairs, Cross Pairs, Exotics Pairs. These three types of currency pairs have their own advantages and disadvantages. In my opinion, you are more suitable to use a cross pair, because the profit opportunity is greater, because of the difference in interest rates. so it will take profit.

 

[Passiveearner]

I totally agree with you, we have to master the types of forex currency pairs such as Major Pairs, Cross Pairs, Exotics Pairs. These three types of currency pairs have their own advantages and disadvantages. In my opinion, you are more suitable to use a cross pair, because the profit opportunity is greater, because of the difference in interest rates. so it will take profit.

The main problem here is that it is extremely hard to predict the market value of currencies in the Forex world. This is why it is so hard to assess and analyse the Forex market. Only professional traders are capable to do so.

 

[Suba]

To become a professional forex trader is not easy, we have to learn and practice a lot, and learn to control our emotions so we don't get greedy, in general, professional traders sometimes lose or don't always win every time they open a position.

 

[Blessed19]

Forex trading investment is very profitable but there is a lot of risk in it as if you do not understand how the market in forex trading works, you would have a lot of losses and end up losing all that you have. I had a friend that invested in forex trading and ended up losing a lot of money from it.