By using Apprenticeforums services you agree to our Cookies Use and Data Transfer outside the EU.
We and our partners operate globally and use cookies, including for analytics, personalisation, ads and Newsletters.

  • Join our UK Small business Forum

    Helping business owners with every day advice, tips and discussions with likeminded business owners. Become apart of a community surrounded by level headed business folk from around the UK


    Join us!

Have You Ever Tried Forex?

RedSky

RedSky

New Member
Forex trading is based on foreign currency exchange and your profit in this case is strongly connected with the current prices for them. Considering how fast and unpredictably they can change, your profit can vary greatly during different months and in this case such trading has much in common with cryptocurrencies. Because of that I can say that it's possible to earn some money with Forex but becoming very rich with it is mostly a rare thing and you should be lucky with good prices for this :)
For earning money you should know basic principles of trading in the forex market, there's enough info about this in net (sadly there's no good help inside the system for beginners). You need to understand the currency price quotes, arbitrage and the leverage system of trading. The other important thing is finding a good and safe broker https://www.dailyforex.com/avatrade/avatrade-review/804-b, unfortunately this is the main scam problem for Forex, scam is very widespread among brokers. Because of that never work with unknown brokers, always check all avaliable information about them, especially reviews from other real clients and the fine print of the documents when opening an account. Also it's better always to start from a mini account, if everything is ok later, then you'll be able to continue to work successfully with this certain broker.
 
Top