How profitable is forex trading?

[Holicent]

Forex trading is a type of financial market in which currencies are traded against each other. The most popular currency pairs are the US dollar and the euro, but there are also numerous other pairs that trade in various world currencies.

The main advantage of forex trading is that it allows you to participate in global markets without physically owning currencies. This means that you don't have to worry about currency exchange rates when you want to buy foreign goods or services. You can also profit from fluctuations in the value of different currencies without having to keep track of their value yourself.

Forex trading can be profitable if you know how to manage risk and take advantage of opportunities. It's important to keep in mind that forex trading isn't suitable for everyone — especially those who aren't used to dealing with large sums of money and can't afford to lose it all at once.

 

[Jasz]

The profitability of forex trading is based on the time taken to complete a trade. If you are making small trades and can hold them for long periods, then your profit will be higher. However, if you are trading large amounts of money or holding positions for very short periods, then you will lose money in the long run.

The main reason for this is that there are many factors that affect how profitable a forex trade is and these include:

Time – How long does it take for a forex trade to complete? This will depend on whether you are trading with a broker or at an exchange

Margin requirements – The amount of money you have to deposit when making a forex trade. The more margin required, the higher your risk profile will be

Position size – How much money do you want to risk on one single position? Larger positions are more risky than smaller ones

Market volatility – How volatile is the market you are trading in? If it moves too far away from its mean value, then your profit will be less than if it was more predictable

Volatility index – A volatility index measures how volatile an asset’s price is over time and can be used as an indicator of future price movements.

 

[Ivo Zetticci]

Nowadays, learning has become easier due to the availability of internet. So, don’t keep yourself apart from market studying. Watch video tutorials and read e-books to develop the basics of trading. Eurotrader offers traders free educational program and a smooth trading environment.

 

[Ivo Zetticci]

Fundamental analysis over the market is few times more effective than technical analysis. World economy analysis is needed to catch the direction of Forex market. For technical analyzers, Eurotrader can be a perfect choice because the broker allows traders with all technical tools.

 

[Asahi]

You not only need sufficient knowledge of trading but also need a scam free broker.Traders must stay alert about scam brokers because they can snatch your fund any time. So, make sure you are trading with regulated brokers. It’s not a big deal if your investment amount is less than a hundreddollar. Eurotrader is a regulated ECN broker that provides you high security of funding.

 

[Jack Reacher]

A trader’s trading capital is increased with the addition of these bonuses and it’s of no value until you can’t make the best use of your obtained bonus. Eurotrader allows traders with a whopping 111% deposit bonus. They also offer high security of funding.

 

[Dita Walczak]

The more leverage you use in trading, the more it will be risky for you. Personally, I prefer scalping the most and the broker ensures all scalping-genial trading facilities. With FXOpulence broker, you can enjoy fast trade execution and other facilities moderately.

 

[esopezo21]

As with any market that experiences volatility, the greater the risk in forex, the greater the chance of profit, such as leveraged trading, but this should not be viewed from a purely optimistic point of view. Losses are just as likely, and as the risk increases, traders can sometimes face burdens they cannot bear

 

[FXOchartist]

How to profitable forex trading is to keep learning and practicing and never give up, it is good if you find a good mentor who guide to make faster learning process, choosing a mentor sometimes become tricky because not all mentor is reliable, so it is good to check their track record and trading experience before hire mentor trading, however trading without mentor although need longer process, It can free of charge by practice using demo account, we can trade using demo ECN FXOpen and practice trading to find profitable trading strategy without any risk.

 

[esopezo21]

How to profitable forex trading is to keep learning and practicing and never give up, it is good if you find a good mentor who guide to make faster learning process, choosing a mentor sometimes become tricky because not all mentor is reliable, so it is good to check their track record and trading experience before hire mentor trading, however trading without mentor although need longer process, It can free of charge by practice using demo account, we can trade using demo ECN FXOpen and practice trading to find profitable trading strategy without any risk.

Do you mean like a broker or a financial adviser as the mentor? I am looking for that kind of role model for my investments, but I do not want to work with a broker or financial intermediare. I want to control my investments own and decide independently. Of course it is not easy as it sounds, so for now I am listening some podcasts, but they are so generic and superficial as it gets