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Do People Really Make Money From Forex Trading? - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessDo People Really Make Money From Forex Trading? (20663 Views)

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Do People Really Make Money From Forex Trading? by Chechelenche(op): 4:35am On Jan 31
I’ve come across numerous blogs and social media posts where people flaunt wealth—exotic cars, luxury homes, and frequent vacations—and claim it’s all from trading forex.

I’m interested in getting into forex trading, but honestly, I’m quite skeptical. Are these claims actually verified?

Most people I’ve spoken to in real life seem to have stories of losses rather than consistent profits from trading, and this has made me very cautious.
I’d appreciate it if experienced traders or knowledgeable members here could share honest insights.

Is forex trading genuinely profitable in the long run, or are most of these online displays exaggerated or misleading?

Re: Do People Really Make Money From Forex Trading? by Love800(m): 4:45am On Jan 31
There are all lies to sell their ebooks.
Re: Do People Really Make Money From Forex Trading? by Stephen0mozzy: 5:08am On Jan 31
Love800:
There are all lies to sell their ebooks.
This right here 💯💯

Many of them are just "tutorial sellers", claiming "coach" title. But the general market of Forex is quite profitable for longshots.

You can be made with one lucky call, or be bankrupt in one unlucky fall.
Re: Do People Really Make Money From Forex Trading? by mascot87(m): 5:13am On Jan 31
Chechelenche:
I’ve come across numerous blogs and social media posts where people flaunt wealth—exotic cars, luxury homes, and frequent vacations—and claim it’s all from trading forex.

I’m interested in getting into forex trading, but honestly, I’m quite skeptical. Are these claims actually verified?

Most people I’ve spoken to in real life seem to have stories of losses rather than consistent profits from trading, and this has made me very cautious.
I’d appreciate it if experienced traders or knowledgeable members here could share honest insights.

Is forex trading genuinely profitable in the long run, or are most of these online displays exaggerated or misleading?
I am a full time forex trader and I will tell for a fact that you will lose a lot of money for the next 3 to 4 years or more depending on how you master yourself and until you figure out how to master the market.
Yes,you can make it in the market but not immediately. If you no get mind,no put body o. A lot will happen in your life that will make you hate it during the period you are trying to figure things out in the market.
I have been in it full time in the last 3 ½ years and I can tell you it's hell but it's getting better.
I can tell you for free, you will lose ALL. Just make sure you have backup funds or you have something you are doing that gives you steady income that will support the loses you will incure in forex.
If you want me to guide you,you can message me. I'm not collecting anything from you.

Make I add: It is also very addictive and once you start,you might not be able to stay out of it. So in the long run, it is either you get serious and make it from there or it ruin you life. (This is a FACT)
Re: Do People Really Make Money From Forex Trading? by Love800(m): 6:56am On Jan 31
Great point.

I really appreciate.
Stephen0mozzy:
This right here 💯💯

Many of them are just "tutorial sellers", claiming "coach" title. But the general market of Forex is quite profitable for longshots.

You can be made with one lucky call, or be bankrupt in one unlucky fall.
Re: Do People Really Make Money From Forex Trading? by Aleem26(m): 7:48am On Jan 31
Confam truth bros....if your skin no full no go put body
mascot87:
I am a full time forex trader and I will tell for a fact that you will lose a lot of money for the next 3 to 4 years or more depending on how you master yourself and until you figure out how to master the market.
Yes,you can make it in the market but not immediately. If you no get mind,no put body o. A lot will happen in your life that will make you hate it during the period you are trying to figure things out in the market.
I have been in it full time in the last 3 ½ years and I can tell you it's hell but it's getting better.
I can tell you for free, you will lose ALL. Just make sure you have backup funds or you have something you are doing that gives you steady income that will support the loses you will incure in forex.
If you want me to guide you,you can message me. I'm not collecting anything from you.

Make I add: It is also very addictive and once you start,you might not be able to stay out of it. So in the long run, it is either you get serious and make it from there or it ruin you life. (This is a FACT)
Re: Do People Really Make Money From Forex Trading? by rickpat(m): 7:57am On Jan 31
I see forex,I run ooooo...my mind no carry am....but you can make money with constituency, but you go lose tire oo..

As for those tutorial people, if the person was .making the dollars will he remember to come sell tutorials to anyone?..those ones are just looking for your small cash
Re: Do People Really Make Money From Forex Trading? by Adebisi444: 9:08am On Jan 31
mascot87:
I am a full time forex trader and I will tell for a fact that you will lose a lot of money for the next 3 to 4 years or more depending on how you master yourself and until you figure out how to master the market.
Yes,you can make it in the market but not immediately. If you no get mind,no put body o. A lot will happen in your life that will make you hate it during the period you are trying to figure things out in the market.
I have been in it full time in the last 3 ½ years and I can tell you it's hell but it's getting better.
I can tell you for free, you will lose ALL. Just make sure you have backup funds or you have something you are doing that gives you steady income that will support the loses you will incure in forex.
If you want me to guide you,you can message me. I'm not collecting anything from you.

Make I add: It is also very addictive and once you start,you might not be able to stay out of it. So in the long run, it is either you get serious and make it from there or it ruin you life. (This is a FACT)
Can I contact you as well to learn about it?.
Re: Do People Really Make Money From Forex Trading? by mascot87(m): 9:40am On Jan 31
Adebisi444:
Can I contact you as well to learn about it?.
Sure, follow me and I follow you back then you can send me a mail. You will be doing most on your own and I will only be a guide
Re: Do People Really Make Money From Forex Trading? by Kaczynski: 1:01pm On Jan 31
Yes. Some people make money from forex. Most don’t. The house (brokers, banks, market makers) always has an edge. One of my bro at three arrow made huge bank when covid started.

If you want a job that pays reliably, learn programming, infrastructure, or something that actually builds value. If you want gambling dressed as finance, go trade forex. Either way, don’t cry here when leverage erases your savings and you learn that markets have no sympathy for hopes and inspirational quotes.
Re: Do People Really Make Money From Forex Trading? by stan4b(m): 11:12pm On Jan 31
Forex is like gambling. Instead of learning forex, use that same energy to learn crypto.
Re: Do People Really Make Money From Forex Trading? by merrymike47(m): 12:12am On Feb 01
If people are doing it, yes people are making money from it. The only thing is that it isn’t as easy as people makes it look online. When venturing into anything, consider the risk attached first.

Just as many had adviced, if your skin no full, no put body. Don’t allow what you see online put you in trouble, if online is always real, Peter Obi will be the current Nigeria’s president, cah man actually won online 😂.
Re: Do People Really Make Money From Forex Trading? by Chechelenche(op): 6:31pm On Feb 01
Love800:
There are all lies to sell their ebooks.
I have always wondered why they sell ebooks if they make so much
Re: Do People Really Make Money From Forex Trading? by Chechelenche(op): 6:36pm On Feb 01
mascot87:
I am a full time forex trader and I will tell for a fact that you will lose a lot of money for the next 3 to 4 years or more depending on how you master yourself and until you figure out how to master the market.
Yes,you can make it in the market but not immediately. If you no get mind,no put body o. A lot will happen in your life that will make you hate it during the period you are trying to figure things out in the market.
I have been in it full time in the last 3 ½ years and I can tell you it's hell but it's getting better.
I can tell you for free, you will lose ALL. Just make sure you have backup funds or you have something you are doing that gives you steady income that will support the loses you will incure in forex.
If you want me to guide you,you can message me. I'm not collecting anything from you.

Make I add: It is also very addictive and once you start,you might not be able to stay out of it. So in the long run, it is either you get serious and make it from there or it ruin you life. (This is a FACT)
That's the point. I am at a point where I'm trying to figure out what I can do on a long term to secure my future and not have to keep struggling that's why I made this post. Thanks for this insightful comment.
Re: Do People Really Make Money From Forex Trading? by Chechelenche(op): 6:37pm On Feb 01
rickpat:
I see forex,I run ooooo...my mind no carry am....but you can make money with constituency, but you go lose tire oo..

As for those tutorial people, if the person was .making the dollars will he remember to come sell tutorials to anyone?..those ones are just looking for your small cash
That "lose tire" na em dey fear me 😃
Re: Do People Really Make Money From Forex Trading? by Chechelenche(op): 6:40pm On Feb 01
Kaczynski:
Yes. Some people make money from forex. Most don’t. The house (brokers, banks, market makers) always has an edge. One of my bro at three arrow made huge bank when covid started.

If you want a job that pays reliably, learn programming, infrastructure, or something that actually builds value. If you want gambling dressed as finance, go trade forex. Either way, don’t cry here when leverage erases your savings and you learn that markets have no sympathy for hopes and inspirational quotes.
Programming!!. How does one go about that without any IT background?
Re: Do People Really Make Money From Forex Trading? by Kobicove(m): 7:14pm On Feb 01
stan4b:
Forex is like gambling. Instead of learning forex, use that same energy to learn crypto.
In my opinion forex trading is better than crypto because crypto is all hype and really has no solid assets backing it
Re: Do People Really Make Money From Forex Trading? by mascot87(m): 7:28pm On Feb 01
Chechelenche:
That's the point. I am at a point where I'm trying to figure out what I can do on a long term to secure my future and not have to keep struggling that's why I made this post. Thanks for this insightful comment.
You are welcome. Make up your mind.
It's a journey of no return
Re: Do People Really Make Money From Forex Trading? by Love800(m): 5:39am On Feb 03
To keep increasing the income na.

I appreciate.
Chechelenche:
I have always wondered why they sell ebooks if they make so much
Re: Do People Really Make Money From Forex Trading? by yemiike: 2:32pm On Feb 03
they dont make anything they only make money by teaching people forex
Re: Do People Really Make Money From Forex Trading? by QuinQQ: 2:33pm On Feb 03
Everyone knows it is euphemism for Yahoo Boy
Re: Do People Really Make Money From Forex Trading? by Pootle: 2:33pm On Feb 03
forex be like cult na when you enter you go understand cool
Re: Do People Really Make Money From Forex Trading? by motymop: 2:34pm On Feb 03
yes, people do make money from forex,

The majority just don't know how to trade forex that is the reason they say it is fraud
Re: Do People Really Make Money From Forex Trading? by helinues: 2:35pm On Feb 03
Its now scam including cypto

Their scam is simple, offer leverage so that you can borrow money but with ridiculous liquidation price

If your leverage is above 10x, some movements are equal which could be around 12x in calculation.. Whichever direction you follow, if you are not clever, you might still lose your money
Re: Do People Really Make Money From Forex Trading? by boxypane:
Forex and BC game na 5 and 6, hell and hell.
Re: Do People Really Make Money From Forex Trading? by obeegee: 2:36pm On Feb 03
You can make money from it if you are not greedy
Re: Do People Really Make Money From Forex Trading? by motymop: 2:36pm On Feb 03
QuinQQ:
Everyone knows it is euphemism for Yahoo Boy
that is a big lie, trading forex takes lot of dedication, focus and little sleep

it also means losing money, learning from mistakes and emotional control, taming your greed and avoiding get rich quick symdrome
Re: Do People Really Make Money From Forex Trading? by AyobamiOluwole: 2:36pm On Feb 03
Chechelenche:
I’ve come across numerous blogs and social media posts where people flaunt wealth—exotic cars, luxury homes, and frequent vacations—and claim it’s all from trading forex.

I’m interested in getting into forex trading, but honestly, I’m quite skeptical. Are these claims actually verified?

Most people I’ve spoken to in real life seem to have stories of losses rather than consistent profits from trading, and this has made me very cautious.
I’d appreciate it if experienced traders or knowledgeable members here could share honest insights.

Is forex trading genuinely profitable in the long run, or are most of these online displays exaggerated or misleading?
If you know what is good for you, stay away from it.

The odds are against you. 99% you will loose, 1% you will likely win a trade. Don’t go there.
Re: Do People Really Make Money From Forex Trading? by CrownedPhoenix: 2:37pm On Feb 03
Rather, they make money from Forex training.
Re: Do People Really Make Money From Forex Trading? by ednut1(m): 2:37pm On Feb 03
Yes the trainers only sha
Re: Do People Really Make Money From Forex Trading? by Fisher007: 2:37pm On Feb 03
It is advanced gambling, trust me you will loose more than you can bargain.

Except you have excess money and patience.
Trust me if you like constant growth and instant return on investments please don't venture into forex.

High blood pressure, checking news and chart like football score line will be your addiction.
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