A job in forex can be a lifetime job and one can do it at their leisure. When you have good knowledge of it and experience of forex trading, it will not disappoint you. Forex trading can also be something you do in your free time after working your main job so that you can earn extra income. At the end of the day, it all depends on you, but knowledge, good skills, and strategies, as well as planning, are all needed no matter where you want to do forex trading. 

On 11/22/2021 at 6:48 PM, FXOpen Trader said:

In the business of Forex trading it becomes important for the traders to understand the importance of Proper Planning.

Yes planning is necessary and if you have proper plan , you should execute it and make good money.

Forex is a very large market. The traders that trade in this market are aware of the high level of risk in this market, which can easily cause a trader to lose his trading capital if sufficient precaution is not taken. Forex traders make more losses than profits, but this is mainly true for newcomers to the market and those who have been in the market for a while but are new. The key is to practice the right way to trade. 

It is very important to save from loss. Then we are earning. Forex will be able to make an online or non-closing business. We are able to work by creating our own timetable. Forex is a unique or worldwide business

Forex is not at all a gambling business. However, there are traders who make it so by doing some bad things. Investing in forex is a business like any other, where you invest money and purchase, sell, or trade products to increase profits. While some think that this is gambling, when the market goes in opposite direction the account becomes zero and there is no profit. This is gambling, not business. Real Forex businessmen follow money management and take small risks.

I can answer yes and no to the question of whether Forex trading is worthwhile. If you succeed in becoming a consistently profitable Forex trader, then the answer is yes. Professional and consistently profitable Forex traders make lots of money. You can even become a millionaire if you manage to reach this level. For those who cannot become consistently profitable Forex traders, it can be a waste of time and money. The answer to this important question of whether Forex trading is worth it is obvious.

Forex is the great business and everyone can make good amount of money if they have good skills and knowledge.

Forex market behavior can be very unpredictable during important financial news releases. Prices rise or fall in a matter of minutes, changing by dozens or hundreds of points. In such instances, spreads widen, and liquidity is significantly reduced. Obviously, a novice trader is not prepared to handle sudden price changes. In fact, it becomes physically impossible to open and close profitable trades. Trading on the news puts the entire capital of an inexperienced trader at risk. Beginners are urged not to trade during major economic news announcements.

Self-motivation drives people to keep going even in the face of set-backs, to take up opportunities, and to show commitment to what they want to achieve. So if you are self motivated then it will be good to trade forex successfully.

If we can trade using any robot then it has no chance to become greedy and we no need control our emotion in robot trading but in this trading system it has no chance to learn something about forex trading.

Our success in forex trading is based on our knowledge of forex trading. Experience and knowledge are most important factors in forex trading. New traders who do not have enough experience and knowledge will face trouble in forex trading early on. For new traders to succeed in forex trading, they need to get knowledge from experienced traders, PDF books, and YouTube videos. 

An investor who places 10 or more trades per month is considered active. Most of them rely heavily on timing the market, taking advantage of short-term events (at the company level or based on market fluctuations) to turn a profit in the coming weeks or months.

Very helpful,

There are several factors that influence the size of the bid-offer spread. The most important is currency liquidity. Popular currency pairs are traded with lowest spreads while rare pairs raise dozen pips spread. Next factor is amount of a deal. Middle size spot deals are executed on quotations with standard tight spreads; extreme deals – both too small and too big – are quoted with broader spreads due to risks involved.

Making intelligent bets with a small amount of capital is the dream of every trader. The reality of Forex trading is that it is unlikely to make millions from reading a small account in a short time frame, while profit can accumulate and compound overtime, meaning that traders with a small account often feel pressured to take on excessive leverage to build their account quickly. 

The start-up cost of becoming a money vendor would seem enormous. Realistically, when separated from trading stocks, decisions, or destinies, it does not. Forex brokers offer "less than average" and "scaled down" trading accounts, some with a base store of $50. This makes forex trading more accessible to individuals with little or no start-up capital.

By working on a demo account, we can gain experience as well as knowledge regarding forex forum, and by getting them, we can earn profit and bonuses, and by getting them, we will be a real and successful trader, and that is the best thing that can happen in forex markets. 

Right broker is very important indeed, but to earn daily profits on Forex, you have to be professional trader with a huge experience. If trader is newbie, even good broker cannot help here to earn profits daily.

Sure, if you are good in forex trading. Forex is not something one can just jump into without good knowledge about how the market works. Although sometimes one can gamble on it and be rich while one can still gamble and go totally broke. The best way to be rich through forex trading is total understanding of the market

Most of the traders choose forex trading because they want to make money and forex is the great way to make money online.

Trading forex is not exactly gambling, and they are not the same thing. Forex trading can always be profitable if you have good skills in predictive analysis. In order to make money, you must study past and present events and have a solid understanding of the forex market.

As well as how much you invest in trading, your strategies also depend on your experience. Indicators and price action are important to your success in trading. When you invest, you make more money. Your strategies and experience also determine your profit and loss. 

Demo accounts are the best way to learn and gain experience for real trading. For those who do not pay attention to demo accounts, they usually lose money. For making ourselves good traders, demo accounts are essential in the forex business. 

Earning profit from forex is not so easy because we have seen many traders lose money. But smart work can turn it into an easy way of earning profit by following all the good rules of trading, such a starting from demo account and having a good understanding of the market.