Do People Really Make Money From Forex Trading? - Business (2)

Do People Really Make Money From Forex Trading? - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Do People Really Make Money From Forex Trading? (21101 Views)

Re: Do People Really Make Money From Forex Trading? by allen113: 2:39pm On Feb 03*

I have this forex group I belong to in telegram na legit with white forex traders they there but why I lose interest be say their profit no dey pass $10 abi na 10 pips dem dey call am grin

olamilekan9:
Abeg share link bro

The admin of the group remove the link. I guess his trying to protect the group from spammers.

4 Likes

Re: Do People Really Make Money From Forex Trading? by QuinQQ: 2:40pm On Feb 03

motymop:
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

It is also what you say you're doing if you're always on phone and suspiciously suddenly have lots of cash! grin

Re: Do People Really Make Money From Forex Trading? by motymop: 2:41pm On Feb 03

QuinQQ:
It is also what you say you're doing if you're always on phone and suspiciously suddenly have lots of cash!

so are you saying people dont make money with their phones?

1 Like

Re: Do People Really Make Money From Forex Trading? by macphilip: 2:42pm On Feb 03

As someone that works in the forex industry, I know of a client that has been withdrawing profits daily, weekly, monthly consistently in the last 3 years. I also know of 98% of traders that lose their account deposits within the first 1-2 weeks of trading.
I myself I traded a highly profitable strategy, withdrawing monthly between 2014 - 2016 until the broker stopped paying and forcefully closed my account.

Re: Do People Really Make Money From Forex Trading? by BouquiLake: 2:44pm On Feb 03

I trade for myself butvyet to get to the full profitable trader level.

The moment uou see any Forextrader selling anything... Turorial, Strategy, Training in the name of Academy etc.... They are not making money. If they are, they wint need to sell anything. They should be able to help others come up if they are sure of themselves.

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?

Re: Do People Really Make Money From Forex Trading? by OGOLMEKZ95: 2:46pm On Feb 03

mascot87:
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

FOLLOW BACK BRO.

Re: Do People Really Make Money From Forex Trading? by Zuckembego: 2:47pm On Feb 03

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)

This is just the plain truth. Nothing to add bro! 👍

5 Likes

Re: Do People Really Make Money From Forex Trading? by jossytech(m): 2:48pm 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?

I suggested one thing's I've been using and 90% are against it, its robot, it won't make you huge return but will be steady , no emotions, you set what you want and it follow it
Its unpopular but works

2 Likes

Re: Do People Really Make Money From Forex Trading? by Peruez01: 2:50pm On Feb 03

Am a living proof that you can make money from forex trading...

I will like forex trading to learning how to drive a car. The more you get involved with attention to details and meticulous learning you will figure it out
Just get a good and patient mentor.
Understand the concept and master it then

4 Likes

Re: Do People Really Make Money From Forex Trading? by BBQZ: 2:53pm On Feb 03

Google icc by sci. Thank me later

Re: Do People Really Make Money From Forex Trading? by Zuckembego: 2:53pm On Feb 03

obeegee:
You can make money from it if you are not greedy

The problem is that "it is not possible not to be greedy in forex trading."

1 Like

Re: Do People Really Make Money From Forex Trading? by QuinQQ: 2:53pm On Feb 03

motymop:
so are you saying people dont make money with their phones?

There is money then there is money. See below.

allen113:
I have this forex group I belong to in telegram na legit with white forex traders they there but why I lose interest be say their profit no dey pass $10 abi na 10 pips dem dey call am

Re: Do People Really Make Money From Forex Trading? by tosyne2much(m): 2:54pm On Feb 03

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)

You're one of the most realistic Forex traders I have ever come across

Many Forex traders are so full of sugarcoated mouth especially those ones that are trying to recruit people into it and cajole them to bring money to trade for them and give them proceeds of the profits

5 Likes 1 Share

Re: Do People Really Make Money From Forex Trading? by Lekby25: 2:55pm On Feb 03

Forex is legal and profitable if you are patient enough to learn it well before going life. People are actually making money from it.

5 Likes

Re: Do People Really Make Money From Forex Trading? by AbujaLagos: 2:56pm On Feb 03

Forex and betting apps are the same thing

9 Likes

Re: Do People Really Make Money From Forex Trading? by Alusiizizi(m): 2:56pm 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?

The short answer is a qualified NO. 95% of retail traders loose their money in FX, that being said, there are success stories littered about. The trick to successful FX is money and patience. You need money so that you don't use too much leverage(consider crypto trading, it'll give you the most bang for your buck with no leverage at all). You need patience as well, let's say that the market goes against you in a non-leveraged setup, then you should stay in your position until you see a return, or trade the dip to recover your loss and make a profit and this can often involve considerable wait time.

1 Like

Re: Do People Really Make Money From Forex Trading? by QuinQQ: 2:57pm On Feb 03

BBQZ:
Google icc by sci. Thank me later

I googled. See answer I got below

Re: Do People Really Make Money From Forex Trading? by Donsheddy: 2:57pm On Feb 03

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)

You've said it All... No advice pass this one...
Forex is profitable if you follow the right approach...
We are talking about the biggest market in the world ...
Just like every business it requires time, patience and dedication...
Ready to learn and unlearn...
Its not as easy as they paint it but once you figure it out
..
You're good and made for life...

3 Likes

Re: Do People Really Make Money From Forex Trading? by BIODAVY(m): 2:57pm 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?

Re: Do People Really Make Money From Forex Trading? by everythingtall3: 2:59pm On Feb 03

When devil want to destroy you, he introduces you to forex or sport bet

7 Likes

Re: Do People Really Make Money From Forex Trading? by Obiedun(m): 2:59pm On Feb 03

I can say people are not making money from it. Some years back people rushed to the business, where are they today. I lost over $400 on trading apart from the money I spent on training. I came back with nothing. Betting is even better than forex trading.

10 Likes

Re: Do People Really Make Money From Forex Trading? by YourGFsnatcher: 3:03pm 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?

They make money by selling the idea that they can make you rich through trading. That's why they fksubt wealth so you can pay more to teach you. Even though trading is no scam, where they make the money is the fee you pay for them to teach you.

Same thing prosperity pastors do. They flaunt Wealth and tell you they can make u rich too when u do what they say, they make you give them money, they buy more things but deny its your money, when u don't make it they tell you cos you did not sacrifice enough

Re: Do People Really Make Money From Forex Trading? by BeardedMeat(m): 3:05pm On Feb 03

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)

Op, no matter what you do, don't engage this guy outside of NL. Enough said.

2 Likes

Re: Do People Really Make Money From Forex Trading? by BeardedMeat(m): 3:09pm On Feb 03

merrymike47:
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 😂.

Over 6m votes against the 8m of the one that has been preparing for almost 20years and you think it's a joke? Tinubu was thinking about Peter Obi when he took a dive on that turkey cold floor.

1 Like

Re: Do People Really Make Money From Forex Trading? by Akwamkpuruamu: 3:11pm On Feb 03

My losses in over 16yra of Forex trading is more than my gains. I have to be blunt. I can give it 60 losses 40 profit.

This January this year I have lost 500k in relation to profits made

2 Likes 1 Share

Re: Do People Really Make Money From Forex Trading? by nedekid: 3:14pm On Feb 03

Chechelenche:
I have always wondered why they sell ebooks if they make so much

Have you seen where someone is making money then decides to teach people the secrets of how the money is made?
Red flag number 1

8 Likes

Re: Do People Really Make Money From Forex Trading? by Emeskhalifa(m): 3:14pm On Feb 03

I ran oooo. I no fit abeg. Though my brother is doing it and to some extent he has been making decent profits from it.

Re: Do People Really Make Money From Forex Trading? by pipnator00(m): 3:14pm On Feb 03

Yes people make money from trading, a lot actually but note, trading is extremely difficult!

Note also, every and any finance job is extremely difficult, hence only the smartest are employed into finance and the reward (pay) is hugely insane!

Re: Do People Really Make Money From Forex Trading? by Akalia(m): 3:15pm 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?

I trade in binary option which is similar to forex in virtually all respects but I can tell you for a fact that the losses usually outweighs the profits for the majority of traders in the market.

Re: Do People Really Make Money From Forex Trading? by Uchefx: 3:16pm On Feb 03

I started making money after loosing everything, and it took me 7yrs before making my first 20,000usd with a 500usd account, the secret of forex is experience and money management.

7 Likes

Re: Do People Really Make Money From Forex Trading? by Abioladoks: 3:20pm On Feb 03

Is more or less like SPORTYBET

2 Likes

Re: Do People Really Make Money From Forex Trading? by Inspirer1: 3:23pm On Feb 03

Forex trading (the electronic one) is gambling.

Except you do the physical one that abokis do.

2 Likes

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