Forex Basics - What is Forex?

[Cutiekc]

[MENTION=75]Cutiekc[/MENTION]
Thanks for that comment because i was telling a friend about the same sentence you has said. I told him that forex trading has No fixed monthly earning...and No need to argue it, because it is a profit or loose business.

Well, thats right, forex trading has no fixed earnings but the earnings has no limit in the sense that hence we have good amount of knowledge and skills we can earn any amount that we want to earn. Furthermore, forex trading is the simultanously buying and selling of currencies.

 

[barood4money]

Forex trading is such a business where an earning depends on the the time given at trading, capital invested and the strategies you plan. You are not limited to selling or buying currencies. You can also buy and sell commodities and metals.

 

[kate beckinsale]

forex is the best online business in the whole world and that is the first launched business which is dealing in trading and now he is becoming more famous and advance peoples daily join that business and they are earning regularly and their future has now become safe and secure

 

[Decub]

Forex trading is such a business where an earning depends on the the time given at trading, capital invested and the strategies you plan. You are not limited to selling or buying currencies. You can also buy and sell commodities and metals.

Yes Forex earnings depends majorly on three different factors namely; skills which entails both theoretical, practical and psycological, capital and the quantity of time you give to it to trade. Most times, we find out that those that concentrate much on the earnings do not posses any of those qualities.

 

[Cutiekc]

Yes Forex earnings depends majorly on three different factors namely; skills which entails both theoretical, practical and psycological, capital and the quantity of time you give to it to trade. Most times, we find out that those that concentrate much on the earnings do not posses any of those qualities.

You are actually right because before we will be able to make money in here, the concept of forex trading is meant to be known. some may really think that forex trading is more of the practical stuff but no, comprehending the theorical aspect of it makes it speedy on its learning curve.

 

[Decub]

A vast majority of newer and potential traders think that Forex or knowing about Forex is mainly understanding how to trade especially in Demo and it is that concept that contributes to their failure. Forex has other neglected but important factors necessary for its success and this bothers on the theoretical part of it.

 

[kate beckinsale]

forex is the most wanted and world wide forum of the whole world and it is the most wanted forum which is paying to every one sheer amount of money and here we can all complete our dreams of becoming rich and famous

 

[Decub]

forex is the most wanted and world wide forum of the whole world and it is the most wanted forum which is paying to every one sheer amount of money and here we can all complete our dreams of becoming rich and famous

Are you really talking about Forex as a market or Forum as a discusssion or earning zone because the post seem so conflicting. I think it will be better to stay on topic as what the thread starter means is what Forex is.

 

[Angelic]

Are you really talking about Forex as a market or Forum as a discusssion or earning zone because the post seem so conflicting. I think it will be better to stay on topic as what the thread starter means is what Forex is.

That dude seems to be a newbie into the business most of all his posts are strange, you know, lol.

Thats aside, forex trading is a different defination as per trader and that is why when we all trade we have different result due to we have different view for it.

 

[glucoseguy]

Having different views in forex is what made forex trading unique from other businesses. Our abilities to interpret our individual views in such a way that they will yield profits and minimize losses is what makes a forex trader successful.

 

[barood4money]

forex is the best online business in the whole world and that is the first launched business which is dealing in trading and now he is becoming more famous and advance peoples daily join that business and they are earning regularly and their future has now become safe and secure

Please wake up. I think you are dreaming. Or you are from that country where the price of American dollar is too high. That's why you have posted such comment. This is a place where we share our knowledge and get to learn from everyone. And for giving time , we get some remuneration.

 

[kate beckinsale]

there are many basics of forex all time greater trading platform for every one to earn and that is build up to complete the dreams of people so that they all live a happy life and with everypassing day he is progressing leaps and bounds and now he is the world first no one trading business in the world

 

[Decub]

That dude seems to be a newbie into the business most of all his posts are strange, you know, lol.

Thats aside, forex trading is a different defination as per trader and that is why when we all trade we have different result due to we have different view for it.

I think she's a SHE from the name hehe! Yes, the perception we attach to Forex plays another role in the kind of profit we make. Of course I have heard someone say he takes Forex as gambling and plays it as if he is playing gambling as well which may have been the reason he is been losing.

 

[glucoseguy]

Taking forex as a gambling game isn't advisable if a trader intends making profits because forex and gambling are two different things entirely. Gambling depends more on luck unlike Forex which requires little luck. Provided we have the required experience, apply the right strategies, we will earn profits in most of the trade we do, having only few losses due to luck.

 

[Decub]

Taking forex as a gambling game isn't advisable if a trader intends making profits because forex and gambling are two different things entirely. Gambling depends more on luck unlike Forex which requires little luck. Provided we have the required experience, apply the right strategies, we will earn profits in most of the trade we do, having only few losses due to luck.

But in the real sense, that is how some see it. Actually, not so many take trading as that which requires a lot of effort and time to mature. Some are just of the opinion that it is yet another means of growing capital, hence, the major reason they take chances.

 

[Cutiekc]

But in the real sense, that is how some see it. Actually, not so many take trading as that which requires a lot of effort and time to mature. Some are just of the opinion that it is yet another means of growing capital, hence, the major reason they take chances.

You know the truth is sad but yet its the truth because there is this way in which forex trading works that makes it seems as id its gamble, because one charateristics of sport betting which is gamble is that you cant predict correctly which team are to win. So same in forex trading but more advanced in the sense that good analyst get correctly 80percent market prediction.

 

[Angelic]

I think she's a SHE from the name hehe! Yes, the perception we attach to Forex plays another role in the kind of profit we make. Of course I have heard someone say he takes Forex as gambling and plays it as if he is playing gambling as well which may have been the reason he is been losing.

I have this male friend who is from indian and he is a trader but I will regard him as a gambler due to he believe that forex trading is gamble as his reason are due to forex trading is not predictable just same as gamble.

 

[Decub]

I have this male friend who is from indian and he is a trader but I will regard him as a gambler due to he believe that forex trading is gamble as his reason are due to forex trading is not predictable just same as gamble.

And you find out that those who have such believe, things work for them exactly that way. If he will be truthful to you, you will discover he has never made any good profit from trading. It has always worked for him the way he assumes since that is what he believes in. Though Forex might have some similarities with gambling, a lot of difference exist as well.

 

[barood4money]

And you find out that those who have such believe, things work for them exactly that way. If he will be truthful to you, you will discover he has never made any good profit from trading. It has always worked for him the way he assumes since that is what he believes in. Though Forex might have some similarities with gambling, a lot of difference exist as well.

I am also an Indian. But I agree with you at this point. There are huge difference between forex and gambling. Forex trading has its own knowledge and ways. We cannot use all the skills of gambling at forex. It will cause loss most of the time.

 

[Angelic]

And you find out that those who have such believe, things work for them exactly that way. If he will be truthful to you, you will discover he has never made any good profit from trading. It has always worked for him the way he assumes since that is what he believes in. Though Forex might have some similarities with gambling, a lot of difference exist as well.

We chat on social apps and I can clearly remember how his messegs goes whenever he makes it in forex trading and when he lose he do tell me but wouldn't wanna go into details about it.
Thats forex defination for him but to me forex is not gamble it is a pure business of skills and knowledge.