Post
Topic
Board Economics
Re: Can you really make money on Forex?
by
equator
on 29/03/2017, 09:11:58 UTC
Anyone tried or currently trading forex is it possible to make money on it?

Yes I have made some money trading forex. I also lost quite a lot. Trading forex is very risky, not to mention the fact that whenever you place a trade, the online broker acts as a counterpart. It means that for every gain made by you, they lose, and vice versa. You can be sure that some things will be deployed by them to give them an advantage.

I read somewhere that more than 90% of forex traders lose moeny trading forex. You just need to find out what the remaining 10% are doing correctly.
Forex is a Scam. It is not possible to win. Yes you can win, but then you still lose all your money. Those who hoped to make money on Forex I would advise you to pay attention to other opportunities.

The loss is due to  because Forex trading is done between trader and the Forex site itself, just like casino gambling where we play against the house and every one knows that winning against the house is impossible for long term but for short term it is ok.