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❓ASK Why do people join forex?

Razor1911

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There may be different reasons for different people as to why they join the forex market. The advantges of joining forex is enormous. Most of the reasons are discussed below:

1. The profitability is very high.

2. Earn from comfort of your home.

3. Small deposit is sufficient to start the business.

4. Free training and online classes availble on internet.

5. Can trade from anywhere as long as you are comnected to internet with PC or Mobile.

6. No formal qualifications required for trading.
 

jeff25

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I believe people join forex for so many reasons.
1. To make money.
2. You get to learn a lot of life lessons.
3. It makes you to be mentally smart.
4. You do a lot of qualitative analysis which you can apply to your daily life and so much more
 

Hashay

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Yes that is true forex trading is never a game forex is a business which serious minded fellow do,you need to study the market and know how it will react or behave before you open and exit a trade
Although forex and gambling have similarities as they both require deposit but it still does not change the fact that forex is a different strategy in the money market.
 

Humbu

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One thing forex is not is gambling, if you take time to study from the right source you should get the hang on it
If you say so mate, but like I said all I hear from people is study forex and get the knowledge. But I hardly come across those who actually completed the studying and making a proper living out of it. I'm yet to come across such individuals
 

Hashay

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If you say so mate, but like I said all I hear from people is study forex and get the knowledge. But I hardly come across those who actually completed the studying and making a proper living out of it. I'm yet to come across such individuals
Let me share with you a screenshot of someone who has a forex school and a trading bit and has accumulated points over the months.
Screenshot_2021-07-20-12-30-02.png
 

Clickzeez

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1. There is a lot of room to make consistent profits if you are disciplined enough.

2. There are risk management measures one can take to reduce or control losses. Tools such as stop loss and take profit orders (among others) are very helpful in giving the trader some control over their performance in the market. So with a good strategy you will be able to cut losses.
 

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Based on the traders whom I have met they join forex for the challenge. Most of them are trading in stocks. Maybe they are veterans so they want some adventure and forex is their haunt. I cannot say if they earn good money in forex but in stocks they do earn good profit although the investment is long term.
 

Razor1911

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I think the only reason for joining Forex or trading Forex that because everyone think that is very easy and fast profitable kind of investment .
It is good as long as people start trading business. But when people get involved in trading, the real scenario emerges. At that time the trader acknowledge that the market is very risky and not easy at all.
 

Hashay

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In this part of the world, forex is not all that popular to people because the few people in the market are usually misled by people who have alterior motive and does not even know about forex.
 

amgad100100

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It is good as long as people start trading business. But when people get involved in trading, the real scenario emerges. At that time the trader acknowledge that the market is very risky and not easy at all.
That is it , you know that , i think you have an experience in that field , because i had also an experience and it was so hard and very risky as well .
 
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