Can you trade forex to earn money to buy an apartment? No, you cannot. Instead of chasing fantasies, you should get a good education and find a good steady job - one that pays a real paycheck ( not forex pipe-dreams). Sorry, I know that's probably not what you wanted to hear, but it is the truth. Forex is chasing a fantasy, a delusion. You know who makes money in forex? BROKERS - they make money, not their clients.
{quote} {quote} Well it seems that I am totally misguided in my awareness. But there is a different pleasant factor it seems that you have quite acceptable mortgage interests in your countries. Do you? I think it would be useful if you wrote on average month income in your country
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The Price/Income Ratio is probably what you look for, and the mortgage as a percentage of income. Here you have the official comparison,
Can you trade forex to earn money to buy an apartment? No, you cannot. Instead of chasing fantasies, you should get a good education and find a good steady job - one that pays a real paycheck ( not forex pipe-dreams). Sorry, I know that's probably not what you wanted to hear, but it is the truth. Forex is chasing a fantasy, a delusion. You know who makes money in forex? BROKERS - they make money, not their clients.
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Yep, go get a job that you will be miserable going to everyday that pays you just enough to get by. The American Dream. Don't take risks, don't chase dreams, that way you'll never be successful. You can be just like the rest of the masses driving to their miserable jobs every day. Look around you next time you are driving to work, look at the smiles on everyone's faces. About 2 % of the population make enough money to actually live AND enjoy their job. The negative people on here that say nobody can make money in forex say so because they can't....and god forbid, if they can't, no one can.
{quote} Yep, go get a job that you will be miserable going to everyday that pays you just enough to get by. The American Dream. Don't take risks, don't chase dreams, that way you'll never be successful. You can be just like the rest of the masses driving to their miserable jobs every day. Look around you next time you are driving to work, look at the smiles on everyone's faces. About 2 % of the population make enough money to actually live AND enjoy their job. The negative people on here that say nobody can make money in forex say so because they...
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As a Chinese saying "do a job that you like and you will never work again in your life", maybe that is the key to success in forex, you like it, you keep doing it over and over until you succeed.
And yes, how the heck would someone like "Gravitist" know who does money and who does not in a multi trillion a day business ? Just by his own experience I guess, which must be losing money over and over, isn't it Gravitist ?
{quote} Yep, go get a job that you will be miserable going to everyday that pays you just enough to get by. The American Dream. Don't take risks, don't chase dreams, that way you'll never be successful. You can be just like the rest of the masses driving to their miserable jobs every day. Look around you next time you are driving to work, look at the smiles on everyone's faces. About 2 % of the population make enough money to actually live AND enjoy their job. The negative people on here that say nobody can make money in forex say so because they...
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But IMHO a precision should be added, forex trading is an ambitious business and can give you a lot of freedom but it needs a lot of studying and not less than any ambitious job such as lawyer, Doctor, etc..., if you want quick money and does not know what risk is then you are much better off without forex trading.
{quote} I hope I have misunderstood you, were you saying that it's easier for a foreigner to open a company in China than a Chinese ? If so, then I can say that it is not true at all, I have to renew my visa every year with anxiety, which a Chinese doesn't need to do, also because my company in Shenzhen is solely owned by foreigners I need to have 500 000 rmb capital minimum,do you have it ? So I do totally disagree this f*cking clich that it's easier for foreigners, like saying what a black dude can do in USA ? Becoming president?! come on !
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Absolute agree, difficult in China, the VISA problem. (i need to renew every 2 years now) (few years ago, i need to renew every 60 days !!)
There is 2 ways to be rich:
- sell expensive to the rich, because they are rich
- sell cheap to the poor, because they are the larger group
if you make 1 yuan profit, and sell to 1 milliards people, you are rich.
You can make the same with the forex, be good, take 0.5 pip for each customer, you will be rich. (no need to have a account with 100 000 usd, you just need to be good) .
{quote} Absolute agree, difficult in China, the VISA problem. (i need to renew every 2 years now) (few years ago, i need to renew every 60 days !!) There is 2 ways to be rich: - sell expensive to the rich, because they are rich - sell cheap to the poor, because they are the larger group if you make 1 yuan profit, and sell to 1 milliards people, you are rich. You can make the same with the forex, be good, take 0.5 pip for each customer, you will be rich. (no need to have a account with 100 000 usd, you just need to be good) .
Haha，buy an apartment few years before in Nanshan,then you already be super rich now.10000-20000USD Per square now.Even more expensive. {image}
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With all due respect and with humility, I do say that buying real estate once you got money is just very stupid, it only make sens when you do not have money and borrowed at a good price, why ? Because proprietary money yields much more profit compared to risks.
{quote} Absolute agree, difficult in China, the VISA problem. (i need to renew every 2 years now) (few years ago, i need to renew every 60 days !!) There is 2 ways to be rich: - sell expensive to the rich, because they are rich - sell cheap to the poor, because they are the larger group if you make 1 yuan profit, and sell to 1 milliards people, you are rich. You can make the same with the forex, be good, take 0.5 pip for each customer, you will be rich. (no need to have a account with 100 000 usd, you just need to be good) .
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It all depends on how much you are loosing, same as retail, there is lost parcels, warranties, customer arrangements/ offers, staff, office, etc...
0.5pips only depends on how many pips you loose on the other hand and how often, then comes the psychological behavior correlated to this ratio.
Edit : sorry my bad, I Just realized that you were saying 0.5 pips commission, right ?
{quote} With all due respect and with humility, I do say that buying real estate once you got money is just very stupid, it only make sens when you do not have money and borrowed at a good price, why ? Because proprietary money yields much more profit with less risks than real estates.
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I don't agree with you some point.because buying real estate is good investment in sz.you know that many people need to rent to live.Also the price is still growing fast.Why not take chance?BTW I still can't figure out what business I can do.AMAZON?EBAY?My previous job is merchandiser.
{quote} It all depends on how much you are loosing, same as retail, there is lost parcels, warranties, customer arrangements/ offers, staff, office, etc... 0.5pips only depends on how many pips you loose on the other hand and how often, then comes the psychological behavior correlated to this ratio. Edit : sorry my bad, I Just realized that you were saying 0.5 pips commission, right ?
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Yes, there some stuff need warranties, specially electronic, just give back to the Shenzhen factory, (they will give the defective to another customer, i already see by my eyes).
And yes, take 0.5 pip commission from each trade, can earn more than work trading for a bank.
{quote} I don't agree with you some point.because buying real estate is good investment in sz.you know that many people need to rent to live.Also the price is still growing fast.Why not take chance?BTW I still can't figure out what business I can do.AMAZON?EBAY?My previous job is merchandiser.
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Well, it's very simple, do you have money in cash to buy an apartment without help of the banks ?
{quote} Yes, there some stuff need warranties, specially electronic, just give back to the Shenzhen factory, (they will give the defective to another customer, i already see by my eyes). And yes, take 0.5 pip commission from each trade, can earn more than work trading for a bank.
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I can can see that you are familiar with Shenzhen, indeed the warranty is a big problem.
{quote} I can can see that you are familiar with Shenzhen, indeed the warranty is a big problem.
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Yes, to many problems, need to check every stuff, one by one before shipping overseas, loose too much time, for a small profit, forex it's much better.
{quote} Yes, there some stuff need warranties, specially electronic, just give back to the Shenzhen factory, (they will give the defective to another customer, i already see by my eyes). And yes, take 0.5 pip commission from each trade, can earn more than work trading for a bank.
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0.5 pips commission can give a very even very very good reward if trading big lots (lots of follower), do you, Scalpeur ?
Do not get me wrong, I do totally believe in it, I just can not do it because my average pips per trade is too small, I am sure many traders are doing very well in social trading.
{quote} Yes, to many problems, need to check every stuff, one by one before shipping overseas, loose too much time, for a small profit, forex it's much better.
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Yes, need to make a quality control on each product but the worse is when to exchange the defective product to your suppliers.
Can you trade forex to earn money to buy an apartment?
