Hi, I am wondering has anybody earned trading on forex?
Question by Questioner: Hi, I am wondering has anybody earned trading on forex?
I know that it is quite easy to earn money on Forex. And I do it on demo version, although has anybody earned with that?
Answer by b2fnow
But like all beginners, you are blind to the risk, and focus on potential profits that you have no way of knowing how to achieve. Everything looks easy to the beginner without knowledge of what they are observing. Your general question, rather than specific, and your naive presumptions tell me you won’t make it. You’re a dreamer, unwilling to take the first step on your own, will not learn and persevere on your own, waiting for someone to give you “The Answer.”
Do you have a trading plan? Do you adhere to that plan exactly. Have you tested that plan for several months? If not, then you’re just playing a video game and have no guide, no idea, no clue whatsoever what you’re doing or what the outcome will be in real time. Do you know anything at all about money management and stops and trends and indicators and support and Technical Analysis?
It is certainly not “quite easy to earn money on Forex,” or we would all be rich and you wouldn’t have to ask this question. It is the most challenging decision you will ever face. I would not recommend it to anyone; too much work, pain, and loss. There are lots of easier and better ways to make money. Those just mildly interested in trading rarely make it. Fact: more than 80% of all traders lose money.
If you decide to go ahead and learn to trade, be prepared for a lot of studying and testing and long hours scratching your head and trying to figure it out. We cannot teach you. There are no shortcuts to learning. There is no one indicator or webinar or book or idea or method or secret that will make you successful. There is no crystal ball. The future is always uncertain. You or anyone else cannot possibly know what will happen the next minute or 10 minutes or hour, let alone the next day. Be prepared to lose everything and to endure a lot of heartache.
Out of the 10% – 20% of traders that actually make money, only 3% actually make it worthwhile. Good luck with that.
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