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Joined Jul 2020
|131 Posts
Forex is reliable only if you can make profit here. Many people are making money here. Whether you will be able to make money or not, it will depend on your skills and mental abilities.
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Joined Jul 2020
|129 Posts
Forex is certainly acceptable. This is just a risky business. It can destroy all your money. However, if you trade with risk management, you will avoid risk. There is no business in the world where there is no risk. There are risks in all businesses, but if you do any business according to the plan, you will see at the end of the day that you are profitable. If you learn everything properly by managing risk in Forex, then the chances of loss will decrease. So I will suggest you can trade but first, you have to learn from online how to do risk management or money management.
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Joined Mar 2017
|490 Posts
any kind of business platform even forex trading is reliable , its not a big deal , the main question you are discipline or not , if you are , you will be successful from any places.
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Joined Jul 2020
|131 Posts
Yes forex is reliable. It's not going anywhere. But you need to have enough knowledge and skills to make money from here. You also need a reliable broker. There are scam brokers out there.
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Joined Apr 2020
|370 Posts
Forex is reliable unless you are being told that it's a get-rich-overnight scheme, in which case, it's possible that some broker is trying to lure you through false advertisement.
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?
Ignored
If you are unemployed, first get a job . then put your 1/2 month's salary in your trading account. you will come to know reliable or not.
Would say that forex is reliable as a regular source of income for the majority of traders out there?
Ignored
No, not for majority of the people. Only for smart people. That's why sometimes it's called Smart Money. To be profitable we need enough skills and knowledge. Trading is not for unskilled people.
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Joined Mar 2016
|641 Posts
skill and knowledge is important , there is no way to ignore this simple message but sometimes i feel despite of having good knowledge the result can be useless if there is no regular practice session. for we have to emphasis on practice session first of all.
