Do you think Forex is money factory.

[glucoseguy]

Forex is not a money making factory. Many newbies to forex have that at the back if their mind and that's why they put lots of money in Forex trading yet they keep encountering huge losses. We should bear in mind that we can make good profits from forex but we shouldn't assume that the money comes so easily. Applying the basic skills and experience will make one successful in trading.

 

[barood4money]

It is not a money factory but a money earning place. Your earning capacity will depend on your skills, strategy and how much capital you are investing. And its not so easy as it looks. First gain some experience and then enter to the arena.

 

[Daisy]

Well, its a place where you can earn some side money but it doesn't meant that you won't risk losing just as much so it can also be a place for loss factory too if you don't know what you're doing so its a double edge sword in forex. So a new trader must take into full consideration before putting out a lot of money. You can make some reasonable profit but its not the lottery machine as you can lose a lot of money too.

 

[Bonyi]

Forex is a profitable business, yes. But to say that it is a money factory, really is s somehow. Although to be profitable, you have to be knowledgeable and experienced.

 

[barood4money]

It totally depends on a person's skills and knowledge, a trader has to decide that whether he wants to make forex as money making factory or money spending factory. So a newbie should learn seriously about forex.

 

[Decub]

Well, its a place where you can earn some side money but it doesn't meant that you won't risk losing just as much so it can also be a place for loss factory too if you don't know what you're doing so its a double edge sword in forex. So a new trader must take into full consideration before putting out a lot of money. You can make some reasonable profit but its not the lottery machine as you can lose a lot of money too.

A lot of people associate Forex to a money making machine and ways they can easily start making money without much input but they only realize how wrong they are when it must have been losses all the way. It can never be a money machine because one does not start reaping from it as soon as the seed is sown.

 

[Cutiekc]

A lot of people associate Forex to a money making machine and ways they can easily start making money without much input but they only realize how wrong they are when it must have been losses all the way. It can never be a money machine because one does not start reaping from it as soon as the seed is sown.

yes it is quite giving a kind of wrong impression seeing forex trading as a money factory because if it is so and right to associate forex trading to money factory then it shouldn't be that hard for us and more stressful before we will be able to make money from it. So therefore forex trading isn't a money factory.

 

[Bonyi]

No I don't think so. Forex is not a money factory but you can make money from only if you have knowledge, skill and experience. So our mindset should be clear about what forex is or we will join with wrong mindset and have loses.

 

[barood4money]

To make money at money factory also need knowledge. So to make money at forex trading you need lots of knowledge and presence of mind. If you use your skills at good timing then you can make really a good amount of money.

 

[Decub]

yes it is quite giving a kind of wrong impression seeing forex trading as a money factory because if it is so and right to associate forex trading to money factory then it shouldn't be that hard for us and more stressful before we will be able to make money from it. So therefore forex trading isn't a money factory.

Each time this wrong impression is created among newbies, it makes me think they are only being used and forced to pay for something they shouldn't. The resultant effect is this. They will think that they are branded failures since every other person is making it except them.

 

[haneefzain]

Yes if you have trading skills and completely educated with forex basics and techniqes and ability to manage uncertain condition for you forex is money factory..but as we know forex is risky business so can not ignore the part of loses..

 

[Angelic]

Yes if you have trading skills and completely educated with forex basics and techniqes and ability to manage uncertain condition for you forex is money factory..but as we know forex is risky business so can not ignore the part of loses..

Then if that is so then it is not a money factory since one will be asked to have all those knowledge and skills. Forex trading is a business which can make us money depending on how hard we must have worked for it. Forex is no money making factory.

 

[barood4money]

Well, to make money in a factory also need good knowledge. So make forex a huge money making place you need bo an expert professional trader. And to be that you have to practice for years.

 

[Decub]

Then if that is so then it is not a money factory since one will be asked to have all those knowledge and skills. Forex trading is a business which can make us money depending on how hard we must have worked for it. Forex is no money making factory.

Exactly, a lot of people misunderstand the concept of money making machine. That which cold even be related to a money making machine if not the risky nature of it is HYIP. Forex provided it requires skills and a lot of it ay that, then one cannot associate it with a money making machine.

 

[Angelic]

Exactly, a lot of people misunderstand the concept of money making machine. That which cold even be related to a money making machine if not the risky nature of it is HYIP. Forex provided it requires skills and a lot of it ay that, then one cannot associate it with a money making machine.

And those people who sees forex trading that way are all lossing one way of the other now. Forex trading is a business that the market is unpredictable thus in other to make money one will need to be good at analyzing the market and having some good trading system too.

 

[barood4money]

Well, to make money you need to be a good analysis. And for that you have to learn for years. You should know about different tools, templates and indicators. When you will have everything in your fingertips, you will really earn a good amount of money.

 

[Angelic]

Although that forex trading is a lucrative business that does not mean that it is a mooney factory where anyone can just come and have his own money. Forex trading is a business that is profiting in accordance to how one who is the trader approaches the market. Some people might be earning intensively due to they have paid their dues.

 

[Decub]

The lucrative nature of Forex is sometimes hyped and misunderstood by many and that makes some potential traders think it is such were your overall hard work doesn't play much role. Well I think these days, people are beginning to learn their lessons. Some in a hard way, others coming newly with high degree of cautiousness.

 

[Bonyi]

The forex trading is very good business for the learned trader. This business give them money like a machine of making money in very short time. The trader who has the good knowledge skill earned the huge amount from this business without any risk.

I agree with you that forex is only for those who are learned trader. They have knowledge of forex. That means that even if it a money making business, it is only those who have the knowledge that can make profit.

 

[seeker]

No I dont think that forex trading is a money making machine, the business is a place where currency are being sold and purchase, profits are made in smaller units but with the help of lotsize, the profits increases, there is a great gap from it being a money making machine.