Trading Discussion Is forex trading good for beginners?

kayode10

VIP Contributor
Forex trading is one of the ways in which you can make money online. Those who like invest in their capital can make a good money out of forex Trading.

Forex trading require a discipline to follow a set of trading signals if you want to make consistent income. Someone who wants to trade Forex must not be greedy. You can simply lose a winning trade due to greed.

Some people out there who are making full-time income with forex trading. This set of people trade for themselves and some other people and share profit.

Forex trading require ability to read chart and dissect on the direction of currency before you place a trade.

Now the question I want to ask that can a beginner who have never had any experience making money online start Trading Forex?
 

btaliat

VIP Contributor
An expert in forex trading was once a beginner and assuming he has concluded that forex is not right for him, he won't have become an expert nor making money in it. This simply means it is not the matter of whether it is good or not, it is the matter of mindset of the beginner to know it and stick it its principles
 

cashisking149

Active member
Forex trading is one of the ways in which you can make money online. Those who like invest in their capital can make a good money out of forex Trading.

Forex trading require a discipline to follow a set of trading signals if you want to make consistent income. Someone who wants to trade Forex must not be greedy. You can simply lose a winning trade due to greed.

Some people out there who are making full-time income with forex trading. This set of people trade for themselves and some other people and share profit.

Forex trading require ability to read chart and dissect on the direction of currency before you place a trade.

Now the question I want to ask that can a beginner who have never had any experience making money online start Trading Forex?
If they can forget about making money in hte immediate future and focus on the process then yes possibly. I look at it in the same way can a complete beginner at school consider making money as a surgeon. Yes but not before they spend many years studying and practicing. You HAVE to pay your dues.
 

Wisdom01

Valued Contributor
You need experience to make more money from the market ,I think many to traders have really lose a lot of money because they lack the trading knowledge to start a trade and earn from that trade and on forex you actually need to note this to make a trade properly
 

dagm

Active member
A forex expert was once a beginner, and supposing he has decided that forex is not for him, he will not have become an expert or made money in it. This simply means that it is not a question of whether it is good or not; rather, it is a question of the beginner's mindset to understand it and adhere to its principles.
 

Wisdom01

Valued Contributor
A forex expert was once a beginner, and supposing he has decided that forex is not for him, he will not have become an expert or made money in it. This simply means that it is not a question of whether it is good or not; rather, it is a question of the beginner's mindset to understand it and adhere to its principles.
Yeah it's good to adhere to the principles ,forex trading is not just a simple thing , Because so many people actually make loss through trading forex ,so it's good to learn it properly before actually making the move of earning from the market I think
 

Asahi

Verified member
It is good for beginners if they can be patient and emotionless. A forex trader must pose the quality of sustaining more and losses because it helps a trader survive in forex for long. Eurotrader allows traders with a whopping 111% deposit bonus that help traders earn more.
 

FXOchartist

Active member
Success in forex trading never come easily and instantly, all required long time process to learn well how to make money from forex trading.

For beginners traders suggested to practice using demo account first before investing their money in real trading account. You can trade with demo ECN FXOpen for free without any risk, simply just install MT4 platform and register demo account from there.

All traders want to success in forex trading, however not all traders maybe become success, if we have a good mindset, success can obtained in many kinds business included forex.
 

Mary Frederick

Active member
Forex is such a profession that ignites traders’ career by bringing financial freedom. But traders can’t derive profit from the market because of the lack of their knowledge. Eurotrader broker allows traders with a big 111% deposit bonus and narrow trading spread.
 
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