No, that's not the case because you need to take a look at your pwn performance and not the FX Market, and you need a good broker like FBS Markets as well
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No, that's not the case because you need to take a look at your pwn performance and not the FX Market, and you need a good broker like FBS Markets as well
If you bring yourself to forex trading with greed, you will lose more money.
I know every traders has a passion to make profits and they forgot to learn how to be a good trader.
One more case of a real money loosing machine is unlicensed broker. They can take your money and disappear any time. It's like a thief. FCA recently warned about broker SunbirdFX that doesn't have licence and I think it's quite a good idea to avoid this broker.
No, Forex is a good way for money making so if you are a good trader and have a good broker then you can get success. I have FBS Markets
In my view it is down to how we do trading, if we are working without using common sense then we will obviously struggle quite a lot, but if used properly then it can turn out to be a great money making machine, it is the only reason even with near 90% losing ratio, it is still one of the most popular business online. I really find it interesting and highly profitable especially with OctaFX broker, it helps me avoid losses or at least keep them at bay, it is thanks to their rebate program where I am able to earn 15 dollars profits per lot size trade, it includes the losing trade too, so that’s why I love it so much.
Forex is a really lovely business and to be calling it as money losing machine, it is one of the worst things to do. I believe that Forex is a sort of business where we could make real money and that’s too without any major difficulty, but if we are educated enough. I started off very roughly, but with time I got into good zone and with Nova FX, it has been working wonderfully well due to their free 200 dollars welcome bonus that’s ideal for practicing.