Is investing in forex a good idea

Is investing in forex a good idea

Is Buying Forex Expert Advisor & Trading Indicator a Good Idea? The answer is YES and NO – use your common sense. There are many professional traders who make millions of dollars without buying any indicators, expert advisor (forex robots), trading seminars, paying of workshops, etc. Starting today, you have to study price action patterns 3/13/ · Foreign currency investing can be exciting, but it isn't for everyone. Before getting started with forex, it's a good idea to look at the risks and advantages of this type of investment. Advantages of Investing in Forex Diversify your portfolio — Many investors focus heavily on stocks and blogger.comted Reading Time: 6 mins Trading forex is a great way to make money if done properly. Before you venture into it, you should understand that it is very risky. If you approach it with little or the wrong education you can end up losing all your investments easily. I'm not

Is Forex a good investment? - Quora

When I was new in forex trading business, I almost tried every indicators available on the internet and the forex trading robots also known as forex EA Expert Advisor.

I know many beginner in trading has similar experience to this, is investing in forex a good idea. I made few thousands of dollars in hands-off trading and make some hundreds of dollars in manual trading using customized indicator in my Meta Trader 4 platform. But I found a better one way to become consistently profitable in forex trading. Do I stopped looking for forex robots and forex trading indicator?

Read the full story! LateI started forex trading including binary options, stocks investing, and even tried cryptocurrency which I make some thousands extra money buying Ripple, Ethereum and some bitcoin BTC using US Dollars. I commit myself to learn forex trading. Everyday I study chart. I opened a forex broker account only demo accounts and trade. I learned something from that experience.

And make sure you cut losses to be in the game forever. Use risk to reward ratio and find your egde. If you know your edge, you will become confident in trading forex, stocks, CFDs, etc. Forex is not a gambling game. Forex is a game of probabilities. Now, I became profitable in trading forex, and even in stocks because; I know my edge.

I have developed my own trading system. Many traders losses their money. Starting today, is investing in forex a good idea. Simply go to your trading chart and RESPECT the market. Up, Down, is investing in forex a good idea, Sideways? Trade them all. When it is downtrend, just sell. When it is sideways? Just buy and sell on top and bottom.

As simple as that? Do not trade if you have only ortrade when you have or more. I have trades that gave me twenty five not 2. Now I simply create a system where in I automatically trades using Expert Advisor. The answer is YES and NO — use your common sense. There are many professional traders who make millions of dollars without buying any indicators, expert advisor forex robotstrading seminars, paying of workshops, etc.

Starting today, you have to study price action patterns. As naked chart trader, you is investing in forex a good idea analyze the market easily. Did you see price action pattern here? What about the second chart below? Believe me, just trade here and look at left and right. For left, look at the previous lows and highs, for right look at the price?

And BOOM! Many scammers sell forex robots and indicators or worst offers a forex broker that is only a market maker broker, is investing in forex a good idea. There is no such thing as sniper entry, nor a accurate buy and sell signal arrow! Use your common is investing in forex a good idea. If a person selling a robot or an indicator, well, if he really makes money on that EA and indicator, he will now waste time to sell, rather make billions of dollars using that robot or indicator.

Many people in forex business even in stocks, and options trading business are making money trhough. If you found people acting like this on YouTube, close your YouTube and learn your own trading system.

When you see backtesting forex robots and having a great results, close your YouTube and create your own robot. When you are in telegram channel and see a indicator with buy and sell arrow as if it is an accurate, leave that channel and learn. Start developing your forex trading strategy. Did I bought forex robot and indicator? Did I used robot and indicators?

It is because some robots and indicators are profitable if you use them wisely. Why I stopped using robots and indicators, it is because the price action is the king in trading. If you have profitable robot and indicator? Will you waste time to sell it or to just trade and become financially free out of your is investing in forex a good idea system robot, indicator, strategy, etc.

Will you waste time promoting your trading workshop, seminars and trading school? Common sense. Why not trade and make money and enjoy the rest of your life.

Now you know the point, do not listen to those people who sell anything related to trading forex, stocks, crypto, options, etc. Comment to this if you think this is useful. Share to many beginner trader for them not to get scam! Your email address will not be published.

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The Reality Of Trading Forex Full-Time

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Why Investing In The Forex Markets Can Be A Good Idea | MoneyHighStreet

Forex trading is the trade of currencies where you buy or sell a currency in anticipation that its price will go up or down in the coming times. You benefit from the rising and falling rates of the currencies. The main idea of forex trading is as simple as that Trading forex is a great way to make money if done properly. Before you venture into it, you should understand that it is very risky. If you approach it with little or the wrong education you can end up losing all your investments easily. I'm not 9/5/ · When most people talk about trading on the forex market, they’re talking about trading foreign currency as a speculative investment, similar to investing in the stock market. This can be profitable because currencies are constantly being exchanged at different blogger.comted Reading Time: 7 mins