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  1. #1
    Senior Trader
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    Forex market: useful or harmful?

    There’s nothing harm will happen to you in Forex trading. At worst case scenario it’s going to be your mistake. Forex trading is about investments. Some just don’t see it that way. They seem it’s money making machine. They end up gambling instead of trading and when they loss they have lots of complain, that Forex trading is hard and so on. But the trust is that, they don’t do anything to make them earn in the first place.

  2. #2
    Kevin Pietersen
    Guest
    Forex business is not harmful to the trader who already has enough trading knowledge and experience about Forex market. But, for the trader who still lack of knowledge and experience about trading surely, this business will become harmful for them. This is way, many people said before we invest our money at this business, better we invest our time first for practice.

  3. #3
    Senior Trader
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    Actually, Forex business designed to bring financial relief to us, if the ball is played according to the rules. But, I see maximum people make it too complicated and then it turns to be harmful rather than do good to them. I belong to the school of thought that believes that a person must give time to learning and demo trading before he makes any effort to invest a dime.

  4. #4
    Senior Trader
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    Forex market is platform its own economic functions and is never harmful nor dangerous as some erroneously believed. When we attuned ourselves away from the market and we incurred loss., we blamed the market. It is just normal to get the frequency of a radio or television before you hear anything. So, same condition in Forex market.

  5. #5
    Senior Trader
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    Of course, Forex trading is useful though it’s depending on how you use it. This applies to almost every other thing. As, you can use water to quench the thirst of a kid or use it to drown the kid. So, it is all in the minds and how you perceive things. Hence, get your priority right and trade accordingly.

  6. Thanks PCMNewsdesk thanked for this post
  7. #6
    Senior Trader
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    Dec 2020
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    Quote Originally Posted by Andre Silva View Post
    Of course, Forex trading is useful though it’s depending on how you use it. This applies to almost every other thing. As, you can use water to quench the thirst of a kid or use it to drown the kid. So, it is all in the minds and how you perceive things. Hence, get your priority right and trade accordingly.
    I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

  8. #7
    Senior Trader
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    Dec 2021
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    Now many brokers allow traders to scalp. I can scalp without any problems in ForexChief. I can't say anything about trading on the news, because I don't use this type of trading.

  9. ARIONFORXtarder
 

 

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