can you really make money in forex?

[Sasan64]

I agreed that forex is hard. However, one has to be patient to learn it.

Thats right

 

[Cradere]

You can definitely make money with forex trading but it should not be your primary goal. What you should care about as a beginner is obtaining new trading skills so that when you are in the live market, you can build a strategy in accordance with the changing market conditions.

 

[Isthmus]

Without a doubt forex is an amazing way to earn money if you are skilled. You can improve your chances of winning by moving cautiously and developing a trading strategy. A consistent trader has an advantage over traders who do not trade consistently or trade without a plan. Having good market knowledge is a must, and one should have a decent understanding of how things work here and what can lead a trader to success.

 

[Subfocal]

Forex can be really profitable if traders have appropriate trading skills and in-depth knowledge. Or else, it can lead you to losses.

 

[Serimeter]

It’s obviously possible to make money in the forex market. This is why there are so many traders around you. I know it’s a little difficult to achieve your financial goals in the market. But if you really want to do something well, you will have to keep patience and work hard.

 

[Quirky]

Those who have knowledge and skills can make money from trading forex. Beginners need to work hard and learn to become a skilled trader in order to become profitable.

 

[antwanmcdonough]

Forex trading is not an easy way to make money. However, if done correctly, It can assist you in making a lot of money based on your knowledge and experiences. It is preferable to prioritise learning over earning money.

 

[dbestofmasquare]

Yes, it is possible for anyone who has a solid understanding of the market as well as a good knowledge of it to make a significant amount of money in the market. You do not need to worry about it as much as you might be right now. Trading foreign currencies can be lucrative, but making good money in the market requires a significant time investment, along with patience and self-control. If you are able to, you will make a lot of money doing so.

 

[Sufflate]

Getting rich would be a far-fetched goal for a beginner in the forex market. It is possible to start small and then gradually grow your trading account earning a good amount of profits. But that surely takes some time as you still have a lot left to learn and a long way to go. A beginner should be focusing on becoming skilled and consistent as a trader first before anything else.

 

[Famished]

Yes. You can definitely make money in forex trading. But it is not an easy task. You need to have the knowledge and patience to practise for years in order to gain practical experience, so that you can make profits even in a bearish market.

 

[Pangolin]

Yes. Making money in forex is possible if you are good at it. There are many factors that come into consideration. For example, how good is your trading strategy? How much are you risking? How good is your risk management game? So, if you want to make money, you need to connect the technical and psychological parts of being a trader. Bring them in sync and you will make some handsome returns slowly.

 

[Wallflower]

Forex trading is not a get-rich-quick scheme. If you are not skilled enough, this is probably not the place for you. To be profitable in the market, you must certainly put in the effort. There are no shortcuts.

 

[Isocracy]

Without a doubt. Forex trading is a profitable business. Based on your knowledge and experiences, you can make a lot of money. Keep in mind that knowledge comes before money.

 

[spacemedia]

Yes, but you have to know what your doing, you can lose everything pretty fast.

 

[Bugaboo]

If you really want to make money in the forex market, consider hard work, patience, learning, skills, trading psychology, risk management, discipline, consistency, and determination to trade.
If you practice long enough on a demo account, you will understand how to trade and whether your strategy works or not.
You have to control your emotions anyway. While you are learning about the forex market, try to learn and control your emotions. You have to start controlling your emotions from the beginning.
Journal from the start, and understand what you are doing and what you can do.
Obviously, it takes time to learn about forex. But, if you utilise this time to learn and practise forex trading, you can expect good results while trading a live account.

 

[Rheometer]

Yes and numerous traders have made money utilising the Forex markets but there is also the other side of the story. Many more traders have lost everything due to failure. You should be aware of a few things if you want to start trading. It is a zero-sum game to trade. This implies that there is a loser for every winner. Most people who lose do so because they either started out lucky or lack the necessary expertise. Since there are many scams in this market, you should take your time to develop profitable trading skills.

 

[Sayid.jafari]

if you are new don't do trade with your real money