You can make some good profit but I don't know about huge or getting rich as the risk is also just as high. I do not want to risk that much money. Its better to keep it to pay my bills rather than risking it all. I think I prefer to risk just a modest amount of money or bonuses I get from forums...
I know that you can get verified by adding a bank account, a checking account, a debit checking account, a credit card and apply for their credit card. As soon as you get approved for their credit card, you will be automatically verified. If you don't have a credit card, you can apply for a...
I use a lot of them. I use paypal, payza, egopay, skrills, and bitcoins. Among all of these, I think paypal works well for me since there is little fee and I can also transfers at any amount to my bank account whereas I have to wait for ten bucks on payza and its not cool. I don't like to wait...
I think it can be if you're good at trading. Its only if you do make profit that its a good business but if you lose then its not a good gig for you. You should consider doing other stuff for money but don't trade if you lose a lot of money. You should trade only if its profitable for you or if...
Its a hobby of mine and a little side gift for some lucky extra money but its way too risky to depend on it for cash so I work for my money. I plan on working but I will never quit my job for forex like some people. I think its not that safe and here in the US, my bills are way too high. there...
I guess that is what it is. When you lose you feel like the world is over but you should not be surprise as you know that you might lose walking in a trade at any time. So, you should shake it off and learn from your mistakes and move on. I think its easy to lose in forex so don't risk the money...
During news releases, there are noise trend and those noise trend calm down after a coupe of hours so the trends are just news induced and not real trend but the scalper can get in and scalp some money and then exit in a few minutes if it doesn't hurt but its too risky too. Its risky for short...
I think its all about experience and knowledge and know how you can get profit and prevent losses. So if you can keep all of those points in check then you're good. Its better to earn modestly day by day then to rush yourself and become like a gambler and then lose all at once. You will also...
Its not easy to earn in forex. It required a lot of knowledge and experiences before one can actually make steady profit. Forex is not rocket science but it calls for details to attention and once you are able to set everything right on the screen and on your mind, you can make some profit. Its...
I don't think its impossible for some pro trader but it might be impossible for the newbie. I think that once you risk large your can also become a homeless too if you end up being addicted to it and lose all of your money. If that is all you do is dream to get rich and put all of your money in...
I think we need all that we can learn so to ensure that we are not missing out on anything. Little knowledge is very dangerous so we want to know all so that we would be able to make the best trading decisions. and good trader are very knowledgeable so learning is the essential to earning more...
I think we have to be modest in our money management. I think money will have to be managed. I think trading at a modest amount is better than trading all of your money at once. If you put it all in once trade and lose it all, you have nothing left to trade so you have to trade a little at a...
I think a lot of pro has to start from somewhere. It will depends on how good they are at trading. They can make money that way. If they have special talents and mind then they can become pro and make more money than the average trader. I think some of them might have experiences in finance or...
The main purpose is to earn some profit from our trades. I guess people are in it to make money. I don't know what else are they in it for. I know people who trades cause they want to earn some side money or they don't have a job. I think its a good source to earn some extra side income. This is...
I think you can get away with learning things on your own. Its easy to learn things on your own. If you know how to read, you can learn and understand everything online. There are more than enough resources online so if you're paying then you must have extra money or have problem learning on...
I don't really have time for long term trading but I scalp a lot and it works a lot of time. I can't really sit there and wait for two days or a week on a pair. I like scalping and I like short term work but its very high risk indeed. You can lose a lot of money in one time. You can lose a lot...
It sure is but I'm also very afraid of losing cause I can't afford to lose a lot of money so I stick with low accounts and also use bonuses and I only trade if there is a real good trend. I will avoid all bad trends. You have to be really careful in forex cause losing is quick and gaining is...
Of course technology helps us a lot. Because of the internet, forex is available to international traders and it helps them make some side money. There are some that make a full time income from it. Its possible to earn a good side income with online forex. Of course it will be so much more...
A demo is a must for any newbie. You would lose less money if you practice a lot in a demo. You would be kidding yourself to move on to a real account without practicing a demo first. You will learn all the technical there and you will learn how to avoid mistakes. If you made all of your...
You can but it doesn't mean that you will also lose $1000 if the trend goes downhill so it doesn't mean that you will get to gain that one k. It will all depends on how good the trend is heading upward but you don't always get that lucky and by the time you do you might not have any more money...