Is forex reliable?

[Edward Peterson]

Forex trading is dependable on the off chance that you have appropriate learning of this. Read a few decent books is insufficient to do forex trading. You need to hone through demo account and after that begin with little measure of cash to trade.

 

[mlawson71]

Unless you really know what you are doing and you can profit consistently forex is not a reliable source of income. In fact, according to official regulator statistics about 63% of traders lose money.

 

[Lance Tan]

I guess so, 3 Tillion per day?

 

[Helder Santos]

I agree forex it is not what most people think it is. I can be wrong but I do forex for 2 years and still learning. It's better think we are gambling.

 

[Helder Santos]

I don't believe in honest brokers at all.

 

[Helder Santos]

Unless you really know what you are doing and you can profit consistently forex is not a reliable source of income. In fact, according to official regulator statistics about 63% of traders lose money.

More or less someone will lose money. It is like casino. Casino give awards to attract people and all the money they play 60-70% will stay for casino and about 30% awards for clients.

 

[Sandra Tennyson]

I don't think Forex is reliable cause due to high volatile it's very tough to make money and another part is a broker where most of the broker wants to scam from their investors so which is why I cant say Forex is a good place for any beginners and small capital type guys.

 

[Liv]

Can i start trading in forex, is it really reliable or is it just the type of broker we choose to trade is what should matter the most ?

 

[Duke98]

Can i start trading in forex, is it really reliable or is it just the type of broker we choose to trade is what should matter the most ?

Forex trading is not only reliable but also is a source of income for many traders throughout the world. Yes, choosing a good broker also plays a role for you to be successful in your trades.

 

[Duke98]

I don't think Forex is reliable cause due to high volatile it's very tough to make money and another part is a broker where most of the broker wants to scam from their investors so which is why I cant say Forex is a good place for any beginners and small capital type guys.

Regulated brokers never scam their clients. Before trading real money, you must learn strategies and execute them in demo first. Without learning, everything is tough, let alone forex trading.

 

[Duke98]

More or less someone will lose money. It is like casino. Casino give awards to attract people and all the money they play 60-70% will stay for casino and about 30% awards for clients.

No, forex is not casino. Unless you don't learn and trade blindly.

 

[Duke98]

I don't believe in honest brokers at all.

Pepperstone, fbs, ic markets are honest brokers. Regulated. Althoguh it's recommended to go through their terms and conditions before opening an account with any broker.

 

[Daantje Pieters]

Forex is a popular and profitable business. To survive in this business, you must acquire a lot of knowledge and information. It is never possible to be successful without learning to trade. Many traders have been in the market for a long time but are not able to make a profit because they are more focused on profit than learning. You have to learn first and then focus on profit.

 

[mlawson71]

True. Brokers don't make it any easier. There's a lot of unethical advertising that tells newbies they can start profiting within weeks of starting to trade.

 

[Sherverty]

True. Brokers don't make it any easier. There's a lot of unethical advertising that tells newbies they can start profiting within weeks of starting to trade.

Forex is not so easy especially for a newcomer. Forex needs hard work and if you want to make good money in Forex you need to have good level of knowledge and skills and do practice on demo account before depositing money in your real account.

 

[FxTrader27]

Well, very few can make a living trading forex, most of those gurus you see on internet are fake! But I believe you can be profitable however you should have another source of income

 

[Zalea]

Forex trade is a very reliable business but not for everyone, if the trader is having proper trading skills and knowledge then forex become the good and consistent source of income for them and it can also change the living standard. If traders are not skillful and traders haven't enough knowledge it's not reliable because you will lose everything in the forex.

 

[Rufino Fiorentini]

Forex trading is a very profitable business in the world. You have to choose a reliable broker for maximum profits earning. A reliable broker is very important. Choosing a reliable broker is not an easy task though. If anyone looking for a reliable broker I would suggest Eurotrader. They are one of the best brokers I have ever worked. They are really very supportive and helpful. They never make disappointment to their client.

 

[mlawson71]

For most traders it's not really that profitable, actually. Some do succeed but most rarely get to a point where they can support themselves entirely through trading.

 

[BillyT]

Everything is a risk depending on how much knowledge you have on the subject matter. Forex follows the same set of rules. With knowledge you will surely be profitable.