Can you really make money on forex?

[KajolThappar]

I've read a lot about Forex, but I've never seen a proven profitable forex strategy, despite the claims of some scam web sites.

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

[Sattvinder]

Auto trading systems help you profit in the forex market without begin an extremely good trader who is already earning money in forex. for starting earning just get one of them.

[henryduncan12]

There is very short list of traders who make money on forex while is a long list of traders who had lost their money. Therefore forex trading need sufficient practice before to trade with real money.

[pipship]

There are obviously a lot of advantages if you can get it right - and I mean get it right consistantly - and here is the crunch, because there are a lot of negatives sitting on your shoulder. Patience, Fear, Greed, and lethargy (tiredness) and tension in watching a screen for hours with money riding on the outcome.
I have given an awful lot of time up to get it right in trading and have decided that if I am to be successful I need as much of an auto system as one can get.
By that I mean an auto mechanical system that will give me small positive trades, frequently and carried out on a regular basis.
The Institutional Traders have deep pockets and can ride the peaks and valleys to the extent that the Retail trader such as I can't do, so they only need to match the fundamentals.
Forget about the Holy Grail for retail traders, it isn't there, and the best system out there we'll probably neve get tor know about it.
I was once asked how long I thought it would take a newbie to get proficient in trading forex and told him two years and he nearly fell backwards, and thought that I must be backward for taking so long to learn.
Depending on your mental perceptions it could take less time I suppose if you are a natural, but the road will still be a long and lonely one I guess.
Cheers & good luck...................pipship

[pipship]

There are obviously a lot of advantages if you can get it right - and I mean get it right consistantly - and here is the crunch, because there are a lot of negatives sitting on your shoulder. Patience, Fear, Greed, and lethargy (tiredness) and tension in watching a screen for hours with money riding on the outcome.
I have given an awful lot of time up to get it right in trading and have decided that if I am to be successful I need as much of an auto system as one can get.
By that I mean an auto mechanical system that will give me small positive trades, frequently and carried out on a regular basis.
The Institutional Traders have deep pockets and can ride the peaks and valleys to the extent that the Retail trader such as I can't do, so they only need to match the fundamentals.
Forget about the Holy Grail for retail traders, it isn't there, and the best system out there we'll probably neve get tor know about it.
I was once asked how long I thought it would take a newbie to get proficient in trading forex and told him two years and he nearly fell backwards, and thought that I must be backward for taking so long to learn.
Depending on your mental perceptions it could take less time I suppose if you are a natural, but the road will still be a long and lonely one I guess.
Cheers & good luck...................pipship

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