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Is Forex reliable?

  • #381
  • Feb 23, 2020 9:34am Feb 23, 2020 9:34am
I don't think people are against forex, just most people are aware of its shortcomings but want to trade anyway.
  • #382
  • Feb 23, 2020 1:56pm Feb 23, 2020 1:56pm
I guess so. Loss is the only Guarantee in Forex, but its very possible to make money. like you say its a process.
  • #383
  • Feb 27, 2020 6:19am Feb 27, 2020 6:19am
Good info, this page actually gives the facts about forex being reliable or not.

What about brokers are the reliable ?
  • #384
  • Feb 28, 2020 9:05am Feb 28, 2020 9:05am
Quoting ElComandante
I have heard many rumors about Forex that Forex is not reliable and Forex is a risky business and you can loss all your money. So I am very confused about Forex so plz help me and tell me Is Forex reliable or not?
This thread is old. The fact that the thread is still here tells us that the system holding it up is reliable. The same point can be made about the Forex market. It's still here.

It's not so much a question of whether the Forex market is reliable or not, but one of reliability in terms of the strategy you use to trade it, and your ability to withstand its pressure.
Learn from your mistakes and march on.
  • #385
  • Mar 6, 2020 10:19pm Mar 6, 2020 10:19pm
It is the most reliable market, as long as you don't use enough leverage to warrant a margin call or need orders filled within a few seconds in order for it to be optimally profitable.

The forex is reliable because you can always fill an order for 10-MLN cash equivalent within 10 seconds and within a 0.1% range of the quote you got before you clicked "order" while the free spot-equity in most brokers boils down to what's akin to insured cash-deposits.

It's actually safer to hold account in foreign exchange than stock markets.
Count Of Antwerp
  • #386
  • Edited 9:30am Mar 7, 2020 6:28am | Edited 9:30am
thanks for all the thoughts i have read so far please i need help can anyone recommend any site where i can get materials on price action trading using higher time frame analysis for free. { email address deleted by staff }
  • #387
  • Mar 9, 2020 11:13pm Mar 9, 2020 11:13pm
its a very questionable question , because there is no one who can ensure this question with easily , when the statistic comes how many profitable traders are there , then it looks really not reliable . when market gives profit consistently then it sounds a very good business and also dependable. its really a complicated issue to answer.
  • #388
  • Mar 10, 2020 1:44am Mar 10, 2020 1:44am
Forex trade is reliable business, it can look reliable to those who have the knowledge and experience of trading.

To other who think trading can just be easy money will look like a scam.
  • #389
  • Mar 10, 2020 9:43am Mar 10, 2020 9:43am
I don’t know whether I would call it reliable. There are both risks related to trading and risks related to finding a proper broker which won’t scam you.

To illustrate that point with cold, hard facts – according to official statistics by Action Fraud, which is UK’s national fraud reporting center, for 2019 victims of investment scams in the UK lost a record 339 million GBP. Those are just the losses for one country in one year. The losses globally must count in the billions.
That said, people continue to trade because despite those issues the forex industry does provide plenty of opportunity to profit from trading.
  • #390
  • Mar 10, 2020 12:46pm Mar 10, 2020 12:46pm
Quoting MapleLeaf
Nope, it's not reliable. Eventually, you will lose everything in FOREX. Just stay away from it and go look for a job. Otherwise, if you want to put your money into this CASINO, then don't whine later. 99.6% of people lose money in FOREX. Period.
Many brokers claim % of losing traders is something like 70-80%. It's not bad but definitely not good. There is also question how did you they calculate this %, like in what time a complete loss occurred, etc.
  • #391
  • Mar 11, 2020 7:39am Mar 11, 2020 7:39am
Quoting StephenFXT
Forex trade is reliable business, it can look reliable to those who have the knowledge and experience of trading. To other who think trading can just be easy money will look like a scam.
Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience. take it or leave it. decisions is yours. thanks
  • #392
  • Mar 11, 2020 10:44am Mar 11, 2020 10:44am
I agree. Don't believe shady brokers adversing you quick and easy profits, that's unrealistic.
  • #393
  • Mar 13, 2020 12:54am Mar 13, 2020 12:54am
Good points on how not to fall for fake brokers. Thanks guys.
  • #394
  • Mar 13, 2020 1:33pm Mar 13, 2020 1:33pm
Forex trade is very reliable business and if trader is having proper trading skills and knowledge then Forex become the good and consistent source of income for them and it can also the change the living standard.
  • #395
  • Mar 30, 2020 4:01am Mar 30, 2020 4:01am
Quoting Robertstarc
Forex trade is very reliable business and if trader is having proper trading skills and knowledge then Forex become the good and consistent source of income for them and it can also the change the living standard.
Bullshit

Retail forex trading is a negative sum game for losers.
  • #396
  • Mar 31, 2020 5:53am Mar 31, 2020 5:53am
test
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the highest point comes before the fall
  • #397
  • Apr 1, 2020 6:52am Apr 1, 2020 6:52am
It depends on your trading skills is what i learned. Forex is reliable but it also depends on your trading knowledge and skill if its reliable to trade in forex.
  • #398
  • Apr 1, 2020 10:00am Apr 1, 2020 10:00am
I agree. Do you as a trader find Forex reliable?
  • #399
  • Apr 1, 2020 11:42pm Apr 1, 2020 11:42pm
I can understand why non-trader think of forex as unreliable because of how market currencies can react. It is important to read and know the fact that forex is real, but the forex broker can be questionable unless properly researched.
  • #400
  • Apr 2, 2020 12:54pm Apr 2, 2020 12:54pm
Quoting mlawson71
I agree. Do you as a trader find Forex reliable?
Those who making money from it find it reliable however on the other hand those who didn't make any luck always says grapes are sour.
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