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Thread: What are your thoughts on Forex trading?

  1. #1
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    What are your thoughts on Forex trading?

    Do you make some money from it?

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    Re: What are your thoughts on Forex trading?

    I have never tried such things, but I would like to learn how to trade binary options. I guess, it is pretty interesting

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    Re: What are your thoughts on Forex trading?

    Hello! Binary trading is a very interesting thing nowadays, I guess. I like trading binary options as well, and I use Stockpair broker for it. Try out some demo accounts first, and you will see if it is a good option for you or not

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    Re: What are your thoughts on Forex trading?

    I had never tried this, If any one tried this or they got lump-sum money then please tell me how you do it.

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    Re: What are your thoughts on Forex trading?

    Hi everybody. How do you do? Are you looking for the best place where you can get a live forex info? https://topbrokers.com/ is the best as they operate for quite a long period of time from 10 pm GMT Sunday to 10 pm GMT Friday. They also provide you information about the most profitable strategies.
    Last edited by Draven; 06-24-2018 at 08:30 AM.

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    OMF Member Fonya's Avatar
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    Re: What are your thoughts on Forex trading?

    I tried FX trading, quite a good thing though

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    Re: What are your thoughts on Forex trading?

    A am also up to FX trading and trade via https://fxmcapital.com/ when I have free time. It's very convenient and exciting because I can earn additional money there. I also try to focus on broker business and then to earn like this.

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    Re: What are your thoughts on Forex trading?

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you.

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    Re: What are your thoughts on Forex trading?

    Quote Originally Posted by HarbalRock View Post
    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you.
    Yeah, such trading isn't really for everyone
    Last edited by RedStar; 09-07-2018 at 03:47 AM.

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    OMF Member RedStar's Avatar
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    Re: What are your thoughts on Forex trading?



    Yes, I joined Forex market a year ago and now it's a good additional resource for earning money in my case. I wish I could make it the main one but it's impossible because of some serious reasons. Forex is based on trading with foreign currencies and your profit is totally connected with prices for them, and it's impossible to predict always their changes and catch 'perfect' moments for making your deals, it's something like real gambling sometimes
    Anyway I think that anybody can earn money with this market but from my own experience I can say that important things in this case are:
    - understanding your needs and possible risks (you can easy lose all your money anytime)
    - defining your goals and creating a good trading plan (because forex is in many ways like any other serious business)
    - starting from mini/demo account and small money investments for at least for month, be patient for moving slowly but effectively at the same time
    - choosing a good and reliable broker (it should be really professional for making your financial operations successful, there are very many types of them for forex https://fx-list.com/ecn-forex-brokers )
    - focusing on a single currency pair and mastering financial strategies for it (you need to become really skillful and experienced with them)

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