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Is Forex reliable?

  • #421
  • Jun 16, 2020 10:13am Jun 16, 2020 10:13am
Reliable or not, forex trading is challenging. Like running any business there are expenses and it takes time and effort to succeed.
  • #422
  • Jun 17, 2020 1:44am Jun 17, 2020 1:44am
Forex is just the same as running a business, got to take risks and you got be prepared for everything.

Gaining profit in forex is same as gaining profit in business you have to strategies everything before you launch your product.
  • #423
  • Jun 17, 2020 2:26am Jun 17, 2020 2:26am
Quoting Deepak.Dubey
Reliable or not, forex trading is challenging. Like running any business there are expenses and it takes time and effort to succeed.
Yes its challenging because it involves risk .
  • #424
  • Jun 17, 2020 10:47am Jun 17, 2020 10:47am
What was the saying? No pain, no gain? It definitely applies to forex trading.
  • #425
  • Jun 18, 2020 2:29am Jun 18, 2020 2:29am
yes pain is a thing that can grow you more and more , if you can take pain as a best friend then there is nothing which can beat you in the world. so we have to take pain as our best friend.
  • #426
  • Jun 18, 2020 4:31am Jun 18, 2020 4:31am
there is anyone who using forex signal consistently and can make good amount of profit.
and some paid signal app really work to bring profit ?
  • #427
  • Jun 18, 2020 5:21am Jun 18, 2020 5:21am
Quoting Majeeda
there is anyone who using forex signal consistently and can make good amount of profit. and some paid signal app really work to bring profit ?
I don't know anyone who can claim that, I certainly don't trust any free signals and even the paid ones are mostly dubious.
  • #428
  • Jun 18, 2020 7:09pm Jun 18, 2020 7:09pm
Forex is the biggest business of the world and people are making profit with it. Forex can be only when a trader want to become rich trading Forex but he has no proper knowldge. Knowldge is always necessary to obtain good profit in Forex trading.
  • #429
  • Jun 20, 2020 3:32am Jun 20, 2020 3:32am
Forex trading is one of the most popular business in this world. It is very popular because in this market it is possible to earn a lot of money. It takes no physical effort. It is completely a mind work. It takes less time to earn huge profit.
  • #430
  • Jun 20, 2020 3:49am Jun 20, 2020 3:49am
its very popular business , no way to deny , its also popular for making loss with a very short time , actually Forex is good or not it totally depends on your approach.
  • #431
  • Jun 20, 2020 4:19am Jun 20, 2020 4:19am
yes it depends also what trading strategy are you using and you can money manage or not .
  • #432
  • Jun 20, 2020 7:22am Jun 20, 2020 7:22am
True. It's simple in theory but really quite complicated in practice, unfortunately.
  • #433
  • Jun 20, 2020 11:35am Jun 20, 2020 11:35am
sometimes trading can be useless even though there is lots of practice and analysis , just be patience when trading and dont be emotional.
  • #434
  • Jun 21, 2020 4:10am Jun 21, 2020 4:10am
Quoting mlawson71
True. It's simple in theory but really quite complicated in practice, unfortunately.
Compared to stocks or commodities that present way too many puzzling options to choose from, forex trading is narrow. In other words, the model is SIMPLER but that does not mean it is EASY.
  • #435
  • Jun 21, 2020 11:32am Jun 21, 2020 11:32am
Quoting NeilWagner
sometimes trading can be useless even though there is lots of practice and analysis , just be patience when trading and dont be emotional.
keep patience is a big deal really , because the human being always believe the short time result , they willing to bring good result with very short time.
  • #436
  • Jun 22, 2020 1:53am Jun 22, 2020 1:53am
Forex is reliable but the markets aren't. They usually go up and down and that makes it very hard us to predict on how things will goes
  • #437
  • Jun 23, 2020 8:43am Jun 23, 2020 8:43am
Even forex is not too reliable, sadly. For example, the the Australian Competition and Consumer Commission (ACCC) published its report about scams conducted last year yesterday - according to that report, Australians have lost a shocking AUD $126 million to investment scams in 2019. That is an eye-watering number and it clearly shows the risks forex poses to people who don't know how to watch out for scams, and that is basically almost all newbies.
  • #438
  • Jun 24, 2020 3:09am Jun 24, 2020 3:09am
Is it forex or the broker we choose are reliable, becuase most scams happen due to the broker.

So is it because of the broker that forex is being questioned whether its reliable or not ?
  • #439
  • Jun 25, 2020 1:22am Jun 25, 2020 1:22am
Quoting mlawson71
Even forex is not too reliable, sadly. For example, the the Australian Competition and Consumer Commission (ACCC) published its report about scams conducted last year yesterday - according to that report, Australians have lost a shocking AUD $126 million to investment scams in 2019. That is an eye-watering number and it clearly shows the risks forex poses to people who don't know how to watch out for scams, and that is basically almost all newbies.
I just remembered about this. Now I am in doubt, haha.
  • #440
  • Jun 25, 2020 8:04am Jun 25, 2020 8:04am
My advice is, always do your research. Make sure your broker is properly regulated by double checking with the regulator. Is possible, pick a broker regulated in your jurisdiction - if your local regulator can be trusted. That means to research your local regulator too.
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