Is educated forex trading profitable ? Or is it still a gamble/luck ?
Hello folks,
I’ve been wanting to trade in forex and I’m still in the learning process..
I’ve heard from many that trading in forex, stocks, bonds etc is a gamble with or without education ?
Is it so?
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about 1 year ago
If you know what you’re doing, it’s all an educated guess with every trade.
If you don’t know what you’re doing, It’s like playing blackjack with a blindfold.
about 1 year ago
1) Yes.
2) No.
3) No.
about 1 year ago
Forex is a very difficult investment option, it requires a lot of reading and analyzing.
One might need to know how a country is running, it’s foreign affairs and stability of the curreny government/ currency, etc.
for a starer, i would go with some simple investment options available. like CD or a secured investment/ return, governement bonds etc.
it also depends on how long you want to invest.
Good luck on your investment
about 1 year ago
I believe anything you do in life without training will most probably end in failure. Same goes for forex trading. Most of the people lose money in forex trading because they don’t bother to get the right education when they start trading.
The best investment is always the investment on your brain. Without a doubt, Forex trading needs much more than just a few guidelines or tips to be successful. Experience, knowledge, capital, fortitude, and even some help of luck are all crucial in one’s success in the FX market. if you lose in a trade, do not lose the experience in it. Learn from your mistakes and regain your position in the next trade
about 1 year ago
trading in any form is a gamble and so requires extensive education to profit from it. you don’t simply jump to it with less preparation else you will see your investment like going up in smoke. educate yourself first. its a must. you may check the source below and download a free forex ebook and a free demo account. they can even provide you a personal, live, one-on-one sessions via phone, email or chat if you wish by simply opening an account- mini, gold, platinum or vip. for a beginner, a mini account will do. all the best.
about 1 year ago
If win, forex trader will tell is it’s because they are well educated, with proper technique, blah blah blah….
If lost, forex trader will tell you it’s just luck not on their side.
about 1 year ago
You’re not going to find a straight answer about forex or any other investing technique like stocks and options anywhere. Everyone has their own opinion and frankly you shouldn’t believe anyone and should just make up your own mind about it. If you believed everyone that said it was good and it turned out bad for you then you just easy move onto the next best thing and try that, where as if you believe someone when they say “this is bad don’t try it” and you never do you could of been missing out on something that actually worked it was just that persons bad opinion of it. I’ve gone through heaps of products trying to find what works for me and so far I’m doing very very well using forex trading robots. I’ve done stocks, options, etc but nothing has been better for me than forex robots.
about 1 year ago
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.
Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
about 1 year ago
Whether you invest in FX, stocks, bonds, derivatives, futures, real estate, or any thing else, there is risk.
You even take a risk investing your time working for an employer or building your own business.
Nothing happens in life without taking a risk. The best thing you can do for yourself is learn and keep learning. You will find the things you are good at and the things you should avoid.
Remember one thing, getting an education is not learning unless you process and use the information.
about 1 year ago
I just read nice guide on forex, It’s called Insider’s Guide to Forex Trading and I would reccomend it to anyone trading on forex. If you want to make money on forex this could be most important book you’ll ever read!
It covers everything there is to know about Forex trading.You can find more details here:
http://choprz.com/pz02x/
about 1 year ago
AIG was be a best stock to invest if you plan to invest for a long term, because AIG is too big to fail and beside AIG no longer need government bailout money. if you invest in AIG are now you returning profit is 10-30 times in 3-5 years.
about 1 year ago
It is always about some luck – but only EDUCATION + EXPERIENCE = BETTER TRADING RESULTS.
And you must also be prepared to the fact that even professional traders can sometimes lose. Their job is to lose less then others and earn more than others.
Read more about Forex market in this post – http://www.traderforex.com/about-forex-market-trade-industry/