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Anyone Tried Forex Trading?

Discussion in 'Researching & Planning your new business' started by Twinflower, Sep 4, 2018.

  1. Twinflower

    Twinflower Member

    What are the best strategies for it? And how much money is it possible to earn with it?
     
  2. RedSky

    RedSky Member

    It's a foreign exchange market. Forex is based on an exchanging of one foreign currency for another, considering that your profit will be always connected with difference in exchange rates. It's simple, you need to find profitable ones for you and sell certain currency at higher prices and then buy another one at the lower prices. Because of that forex system is based on trading of currency pairs (for example EUR/USD) and you need to monitor always changes for the exchange rates, they're strongly connected with economic and political situation in certain countries.
    The other important thing is finding a good broker, there's a plenty of them but it's recommended to work only with checked and reliable ones from special lists https://fx-list.com/binary-options-brokers and regulatory agencies, in other cases there's a great risk for scam. All your financial operations will be managed by your broker, you also need to open your own forex account. Also it's better to start from a mini account or a small amount of your capital, such strategy will save you from possible big money loss in the beginning because of various mistakes.
     
  3. versal567

    versal567 Member

    Never tried it but I suppose that it's not the best idea for earning good money
     
  4. poliq

    poliq Member

    I believe there is no special strategy for trading. I am currently using fxmcapital trading to earn money online. It's very fast and then I just invest them in bitcoin. It's rather popular and bitcoin is going to be a profitable crypto.
     
  5. Ronald123321

    Ronald123321 Member

    Yes! It is really good way to earn money!
     
  6. Dilan123

    Dilan123 Member

    Forex trading? No. I know that it is one of the ways to earn money online. I think making money online is a good idea. It is very popular now. I earn online too. I make good money with this. But I did not engage in forex trading. I prefer sports betting. It is not only profitable, but also interesting. You can do it, even if you don’t understand anything in sports. I am working on https://777score.co.uk . It is tthe best site for this!!
     
  7. seoMaster

    seoMaster Member

    No. I have not tried Forex. Now I make money on this site casino mr bet. I play in an online casino. I'm good at that. I'm happy with my work. This is the main source of income.
     
  8. Dilan123

    Dilan123 Member

    It is an interesting...But I think it is not very good to invest money in this...
     
  9. Ronald123321

    Ronald123321 Member

    "I also think that this is not a good idea to infest money into forex. I would advise you to invest in your business. This is better. Yes, it is not as fast as forex, but it is more reliable. I opened my business not so long ago. And I can say that I am very pleased with this. It is not easy. But I try very hard. I use devexpress components These programs help me control my business. It simplifies the work.
     
    Last edited: Oct 12, 2018