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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.
 
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.
 
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.
 
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 .
 
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.
 
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.
 
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 .
 
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 .
That is very true forex trading is profitable it is one of the best business which anyone can do people join the market because they just want to make money and not for any other purposes,but first of all you need to learn and obtain all the neccessary skills needed to win the bull and bearisj market before you can proceed
 
That is very true forex trading is profitable it is one of the best business which anyone can do people join the market because they just want to make money and not for any other purposes,but first of all you need to learn and obtain all the neccessary skills needed to win the bull and bearisj market before you can proceed
My friend , everyone of traders should know that it not by learning Forex strategy or how to be good analyzer or even how to get skill , but only by money management .
 
Although it's not as easy as it seems since sometimes you need to analyse before trading. But it sure is a good income provider if you got some skills
That is right. It is not easy even if you have all the skills needed. The risks are still there due to so much uncertainty in the market. But having skills is way better than trading without them.
 
From my own perspective,I joined forex because bi wanted to make money outside my normal day job.
I joined forex to have extra cash for my self,today the forex I joined jokingly is now my main source of income.
At the moment I am thinking of adding stock trading alongside forex.
 
Inasmuch as Forex trading has high unpredictability, the level at which one can accumulate substantial profit is actually on the high side, which that is why most people opt for Forex trading, notwithstanding the risk attached. It is also because they want to widen their trading skills to become professionals.
 
One thing forex is not is gambling, if you take time to study from the right source you should get the hang on it
Of course, I do not consider Forex to be Gambling, unlike Ponzi schemes, hyip sites and Casinos that are all involved with gambling risk. I even prefer to incur losses and learn from my experiences on Forex trading than to invest in all this mushroom hyip sites that offers mouth-watering profits that cannot be seen.
 
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
There are actually many people I know who became millionaires through Forex trading although definitely they had incurred losses at the long run. Forex trading isn't for the feeble minded, you must be able to admit your mistakes and not consistently blaming it on the market condition. You should also use indicators effectively to curb losses.
 
Well generally people join forex to ultimately get profit in the end, I doubt there are people out there that are joining forex just because they like trading and they see forex trading as a game I doubt there is someone like that although there might be some out there that thinks like it is like a game while earning some profits along the way
 
Joining forex trading is simply because people are finding other ways to make money in an easy way. Forex trading is an online business that one can do at the comfort of one's home. Though it come with a very high risk bit people must be ready to take risk in any business.
Definitely and one good thing about Forex trading is the ability to trade at low rates like $10, this is why most students can afford to trade in it. Also the knowledge and experiences gotten from Forex trading is an evidence and a great feat that any trader would strive to attain.
 
From my own perspective,I joined forex because bi wanted to make money outside my normal day job.
I joined forex to have extra cash for my self,today the forex I joined jokingly is now my main source of income.
At the moment I am thinking of adding stock trading alongside forex.
Me either , i started trading Forex for the same reason then i wanted it to be my main source of income but i got suffer to make profit for long time till nowadays .
 
Me either , i started trading Forex for the same reason then i wanted it to be my main source of income but i got suffer to make profit for long time till nowadays .
As a beginner,try not to make forex your main income because you won't like the outcome.
As I said I started trading when I was working,this really helped to keep me in check especially when I lose funds in the course of trading.
As a forex trader,good source of income is vital.
 
They want to make money fast here but they actually loose money fast here which is the riskier and truth so such business should be avoided at all costs there are lot of businesses that you can start off and have decent success as well from the strategy and using it perfectly to make things turnaround for you and your business in my opinion
 
the primary reason people join forex trading is to make money in but there are also a lot of other reasons. Forex trading provides you the opportunity to make money sitting at the comfort of your home and that is one of the main reasons a lot of people prefer trading it. Starting forex trading is not really very hard provided you have enough knowledge of how it works. You can trade and make money from anywhere.
 

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