Is there anyone who has learned forex from scratch and is making profits? I’m a newbie trying to learn forex trading. I’m currently using the demo account and there has been tremendous improvement. One thing that is coming out of it is one must invest a lot of time to learn. Any successful trader here who might want to share his journey and lessons learned.
I haven’t but I will offer you some sound advice. 99% of forex gurus don’t earn money from trading, they earn money from teaching - YOU ARE THE BUSINESS.
Don’t pay a cent before verifying that the person earns money from forex trading. They should show you a live account with a positive equity curve. No screenshots, no demos, no stories. If you ask for that evidence, you will smoke out the 99% of wannabe forex gurus.
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Forex has an Achilles heel…a deadly one…there is no official universal quotable exchange rate…Yani…no one can tell you in time and space…the exact buy/sell…so broker kukuosha ni kuadjust customized rates on your screen to your trade and goodbye my son…
Try futures…and that needs more $$…currency exchange is a voodoo market…it does not make sense to anyone on a fundamental level to day trade…it would be the kid if the wild west, the Amazon jungle na Sahara desert had a threeway…it always swallows the “omenas” in a sea of whales
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A very small percentage of traders make a profit and the rest chase losses just like any other gambler. Its better to invest your time learning high income skillsets you can depend on ex. coding.
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Nilitrade na demo account nika-earn 7k USD profit in four days sasa nikajua nimeomoka
I opened a real account na nikaweka 100 USD weuh…out of that niliearn only 13 dollars in profit na nikalose hio 100
Forex=Betting
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There is nothing to learn in gambling. Just put your money and hope or pray that it will be in your favor. Those claiming to know the tricks are charlatans making money from actually teaching you.
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Spare some minutes for this 2020 Twitter thread. Most of the questions you have are answered here;
[MEDIA=twitter]1251198142873296897[/MEDIA]
What about this people that are trading using bots, binary bots who has an experience with those things sjui wanaziita ‘poverty x’ ‘american dream’ …
Solid advice dat
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:D:D:D Pole boss.
Take your time. Read Forex Trading for dummies and Technical Analysis for dummies. Price Action Trading, Rayner Teo…as you sharpen your skills on mt5 demo.
Fungua forex account na 20$, trade cents till ur good enough to add onto your account. Don’t expect to get rich quick though! Profit sio ngumu kumake.
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This sounds like someone who tried forex and failed so is now discouraging other peeps.
Yes,I do.
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From my experience and what I’ve gathered from others, one of the keys to success is dedicating time to really understand the market and develop a solid strategy. Well, it’s also helpful to use tools that can automate some of the trading processes, which can save time and potentially increase profits. For example, platforms like https://www.clickcapital.io/trading-bot offer automated trading solutions that might be worth looking into.