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Hello everyone
A while ago I heard the term forex trading from a friend. Besides that, he said that he has earned quite a bit of money with it so far. I do not know if I can trust him because he is not a reliable person. That's why I would like to ask you here, can you actually earn money with Forex trading or is it all nonsense?
 

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Comfortable trading voyage can be ensured by the trader when he can choose his broker according to his trading requirements. I have picked up a verified broker ForexChief which is providing me full time expert assistance, moderate leverage of 1:400, contemporary trading platform of MT4 along with effective trading tools and techniques. I am also enjoying absolute capital security here which will facilitate him effective trading platform with easier transaction facilities.

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One thing I can tell you for sure, Forex is one of the most interesting and hectic things on the market today. It is based on simultaneous buying and selling of currencies. So you buy one currency and at the same time sell another currency. They are always traded in pairs, and exchanges were always carried out by a broker. And the exchange rate between two currencies varies from its strength. More about this you can find on this page http://www.tradeforexinsa.co.za/.

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Trading in Forex market is popular with many people who are looking for low capital trading. There is no need to have a massive investment to get started. It’s also convenient to trade Forex because 24-hour trading is available.

The question that any new FX Trader will ask is “How much money will I make from Forex trading?” The quote is often said that the easiest way to get $1,000 in Forex is to start with $5,000. This is obviously a humorous quote, but points to a large issue that is not a joke. More than half of Forex traders lose money. Many of them lost significant amounts of money.

The fallacy is that it is easy money. Typically, when someone signs up to start trading Forex they do so under the false illusion that it is an easy way to make money. They are sold on expensive courses that feature rich millionaires in their yachts talking about how they do no work but make lots of money.

That very well may be so. But it is highly doubtful that those same rich millionaires weren’t working their butts off at some point in their life. It is also highly likely that those millionaires have lost huge amounts of money when starting trading Forex and learning how to succeed in what they do. That is the nature of the game.

Meanwhile the top Forex traders are using tried and true systems that they slowly developed or learned through much trial and error, and are making consistent profits every single day.

Even these top Forex traders experience slippage at some point. It’s a common problem when markets are fast-moving. Slippage happens when losses are larger than expected. To account for this successful Forex traders reduce calculated net profits by 10%.

The difference between these successful traders and those that don’t succeed is really the difference between any successful and unsuccessful person. Those people that are ultimately successful have typically tried a million things and lost a lot of money and time in the process. The only way they were able to discover something profitable that worked for them was by trying things over and over again that didn’t work until they found something that did.

Sure, they aren’t out there preaching about all of their failed systems and all the times they lost money, but who would be?

If I were to start over trading in financial markets with no knowledge there are a few key places I would start.

First I would start reading books. Books give the theory behind trading in financial markets, and understanding the theory is key to successful long-term trading.

Second I would join every Facebook group or Reddit thread that talked about Forex. Then I would ask questions constantly in those groups. I would be respectful and try to help out answering any questions that I could to those that knew even less than me.

Next I would understand that leverage can be a double-edged sword. Using excessive leverage can seriously damage what could otherwise be a successful Forex trading strategy. A big part of not using excessive leverage is being realistic about expectations of the return on investment.

Finally, I would find people I trust and ask them for reputable brokers and courses that I could take. This one is probably the biggest key. There are probably hundreds of Forex courses online that guarantee you a system that will make you money from day one. As with anything of that nature, a lot of them are scams. They are taught by people that learned how to trade Firex, couldn’t succeed at it, and ended up just selling courses to make money.

Other courses are taught by legitimate traders with great systems for making money and willingness to help out those that aren’t as far a long as they are. Finding these courses requires finding people you trust who have no ulterior motives and learning from them.

So in conclusion, yes people make money on Forex. People also lose money on Forex. The difference is a mindset. People that make money understand Forex is a business and a hard one at that. They don’t have an easy money mentality. They overcome failures and eventually win.

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Best Broker for education? FreshForex of course! Why?

Because FreshForex offers you:

1. Introduction to the forex market

2. How to predict the price movement

3. What do you need for profitable trading

4. Trading System

5. Many more......

 

Now I am trading with FreshForex and still generate new experience...

 

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On 5/29/2019 at 11:54 PM, hajkoo said:
Quote

Hello everyone
A while ago I heard the term forex trading from a friend. Besides that, he said that he has earned quite a bit of money with it so far. I do not know if I can trust him because he is not a reliable person. That's why I would like to ask you here, can you actually earn money with Forex trading or is it all nonsense?


It is not nonsense, there are people actually making money from Forex. I am one of them. I trade with Forexchief broker and I am making 20% of my capital every month. It is not that much, but the profit you make depends on your account balance and how much trade you make per day. I can assure you that Forex is profitable when you use the right broker and strategy.

 

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  • 3 months later...
  • 4 months later...

Choosing a good broker is not an easy task in this market. There are so many scam or fake brokers in the forex market. If you are new in this market, you should choose that kind of broker who can teach you all the basics of forex like low spreads, high leverage and many more things. I am trading with TP Global FX. I choose them because they give me low spreads which is 0.01 pips. Their leverage is higher than many other brokers in the market. You can also try their demo account to know about their trading style. They have 56 pairs of FX. Overall, I like them for their all facilities and easy trading method.

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  • 4 months later...
On 5/30/2019 at 3:24 AM, hajkoo said:

Hello everyone
A while ago I heard the term forex trading from a friend. Besides that, he said that he has earned quite a bit of money with it so far. I do not know if I can trust him because he is not a reliable person. That's why I would like to ask you here, can you actually earn money with Forex trading or is it all nonsense?
 

you can trade from piprebate site
for what?  i will explain
They have got rebates up to 90% on all your trades. So it doesn't matter anymore that you win or lose!
the important fact is that they provide any brokers you want

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  • 2 months later...

forex trading is the most famous and profitable business in the world. If you want to start trading then you should gain proper knowledge about forex first. The broker is most essential in the forex market. Without a reliable broker, you can't even survive in the forex market. There is no alternative way of a reliable broker. If anyone looking for a reliable broker then I would suggest Eurotrader. I trade with them. They are very reliable.

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  • 1 month later...

 The first mistakes of a novice trader are ... They are wrong choose forex broker, like me when I was trading for the first time. I am trading with FBS and I don't understand the terms and conditions about FBS , they said that I was wrong and suspended my acount and my money is gone. So you guys be careful with FBS and don't forget to always read the terms and conditions of your broker. 

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