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  1. #1
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    Default Is forex trading a money losing machine?

    Well you had heard a lot about forex trading being a money making machine but tell us whether it had been a money losing machine for you or not?


    It had been for me and I was very frustrated also. But from last 2 to 3 weeks I had started to come on top and end with green pips. What stage are you in and what do you say about this?

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    Forex for me is a mixture at the moment since when I started it was mainly a money seeking machine, but after learning the art of trade, I have started making consistent profits and now I can say that this is definitely a money making machine, if we use it rightly. I am lucky that I work with OctaFX broker; it’s an outstanding broker to deal with especially due to their love able factors which includes tiny spread of 0.2 pips for all major pairs!

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    Forex is a profitable business and also very risky. If you will start it without learning and no skills then it will proof money loosing machine for you but if you have skills and proper knowldge then you can make lot of money also.

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    Senior Investor Rahul247's Avatar
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    No it is not a money losing machine, it all depends upon the trader who teh trader play the Market and the kind of education he had at the beggining of the trading.

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    Senior Investor Uncle Gober's Avatar
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    Forex is money making machine and money losing also. Money making for those who are experienced trader and money loosing for those who are not have any experience. we must to have experience become making money on this Forex. Learning is one of the conditions that could be a better trader in trading. Video tutorials and webinars be an alternative acquire trading knowledge. TICKMILL provide video tutorials and webinars complete

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    Senior Investor Rahul247's Avatar
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    No way, it all depends upon you how you treat the FX Market, because that will let you know about it and your trading skill also matters.

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    This is a massive world of opportunities; if we grab it correctly then we could be making serious profits. I do Binary Option trading where there is always great chance to work if we do work properly; I am joined with FMbinary broker where there is really great land of opportunities available especially with one of the highest payout policy up to 85% for both short and long term options, it really makes trading so much easier for me to do.

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    Senior Investor gaban's Avatar
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    If we have good skills then forex trading is not a machine to lose money but forex is a money making machine. We can make a lot of money in forex trading. For that, we need the skills, knowledge, experience and good trading psychology so that we can trade with a maximum

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    This is the biggest trouble of this business for new comers; it can be seriously profitable at one end, but when losing that can also go very far. Right now I am trading with OctaFX broker where there is everything in my favor whether it’s with their low spread of 0.2 pips, high leverage up to 1.500 or smooth trading platform, it’s all perfect and makes this losing machine into winning one that too big time and consistently without trouble.

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    This market becomes money loosing machine when a trader deals with unreliable broker. In some companies even if a trader gains something he or she always loose some sum during the withdrawal (now I talk about the brokers that proclaim to calculate exchange prices subjectively such as FIBO Group broker)

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