Is Forex trading is a good choice?

raaman

Valued Contributor
Today, more and more people are turning to Forex trading. It is because of the risk it holds in growing their investments. You need to make the right choices and decisions in trading. If you do so, you will not only have a profitable investment plan, but you can also enjoy financial security and a regular income in the process. Next comes what makes this kind of trading an even better choice in trading platform.
The low transaction costs enables the normal market conditions to spread retail transaction costs to less than 0.1%. It makes trading more convenient around costs. Big dealers in the trade also appreciate a spread that is as low as 0.07% and that is still very reasonable.
 

Axis

Banned
Forex trading is obviously a good kind of money making venture that you can think about but you must understand that before making money online as a forex trader you must obviously have financial resources since forex trading is called about financial investment in order to make profits. Forex trading will also need reasonable and sufficient amount of training and not just any kind of training from roadside individuals but rather from gurus who are experts and Masters having the knowledge to closely predict the forex market as to when it will rise or fall as well as other further analysis.

Forex trading will also demand that you as an individual develop a mindset p of learning because through every losses you will learn something that will help you to win next time. Forex trading is never a good money making strategy for online beginners that is individuals who are newly introduced to making money online. There is no hiding the truth, because forex trading is a more complicated way of making money online.
 

moonchild

VIP Contributor
Is Boxing a good choice?

You see? That's how your question feels like, it is subjective hence people will have different opinions on it and that's why other pursuits exists, you can make money in anything, there are people that make money writing, singing and dancing on a stage, it's rarely about good choice and largely about the individual.

Who are you? What are your strength and weaknesses? What's your risk appetite? What is your current condition? By answering these few questions you'll arrive at the answer whether Forex Trading is a good choice FOR you or not, and it's the for every field out there.
 

FinTrader

Active member
It depends on the person's preferences and skills. Anyone who likes to analyze, monitor economic and financial events in the world, and be diligent will enjoy this activity. But if you came here to earn a lot of money quickly, without learning anything and without devoting a lot of time to it, you won’t achieve anything here.
 

Phantasm

Banned
Forex trading is a venture that can bring high returns, but it requires vast knowledge about the markets and much practice and skill to succeed. Also, Forex trading involves taking some level of risks; a situation where losses might exceed the initial investments. If you have a good grasp of market operations and are committed to honing your skills over time, then maybe Forex trading would be an ideal choice for you. However, this should be undertaken with care and always remembering the dangers. It’s advisable that you speak to a financial expert first before deciding on whether or not Forex trading is suitable for your financial objectives and how much risk you can tolerate.
 
Top