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Do People Really Make Money From Forex Trading? - Business (6) - Nairaland

Nairaland ForumNairaland GeneralBusinessDo People Really Make Money From Forex Trading? (21201 Views)

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Re: Do People Really Make Money From Forex Trading? by kbright2(m): 1:05am On Feb 04
Which platform is this? binary.com I guess

keemson4:
Binary trading is far better than Forex trading though they used MT4, MT5 and Trading view but winning in binary is easier.
Re: Do People Really Make Money From Forex Trading? by kbright2(m): 1:32am On Feb 04
Perfectly calculated. That is #500K plus just by trading 20 days a month. Very achievable with right trading skills and money management.

Bravo brother!

Akpos8819:
Forex is the hardest way to make easy money..If you've 1000 $ equity, then be disciplined enough to make 2% of that equity as your daily target and then compound it for a month if you want to go into as a full time Job. Make withdrawal and pay yourself as if it were a job. The good thing is that since it avails you the opportunity to earn in foreign currency, you might end up earning more than average an Nigerian earn in a month.
Small lot sizes = small losses= small gains
You learn more in your losses than your wins
You do not hold losses in FX, you only hold profit.
Re: Do People Really Make Money From Forex Trading? by kbright2(m): 1:40am On Feb 04
You're sighted brother! The gain in more than the pain only if you can stand strong during the storm. (Goldman) I wish to get one or two from you

Mcval:
The comments I have come across here makes me laugh. I have been trading Forex for sometime now and it sounds very funny when I hear people say it's gambling. Trading Forex is a very valuable skill I will advise any jobless Nigerian youth out there to acquire. Instead of venturing into fraud acquire this honourable Skill that can give you financial freedom.
Enroll for a course with any of the trusted mentors around to learn the basics. Practice on Demo for sometime then start with a small capital or even get a prop firm account and earn some money when you pass. Set targets, avoid being greedy, be disciplined and with patience you will start making money consistently.
Forex is not a scam please and you don't need a $1000 account to be making $20 daily. If you have an edge in this business you can make more. This is a $70 account that I started trading yesterday and this is the balance today.
Re: Do People Really Make Money From Forex Trading? by Inspirer1: 4:00am On Feb 04
BucketHat:
Wait a minute oh!

Where the upnorth guys dem,deh get the dollars 🤔

Hard currencies full for their hand nor be small oooo
O don't know about the up North guys you are talking about o, I am talking about the ones in the Southwest. I know there are registered BDCs that get the dollars officially from CBN, so those abokis are just like agents to the BDCs, like their staff/workers, that's what I know.
Re: Do People Really Make Money From Forex Trading? by EleweNjewe: 4:41am On Feb 04
cheesy

RUN O

Lost millions to this Demon..

huh
Re: Do People Really Make Money From Forex Trading? by EleweNjewe: 4:56am On Feb 04
wink

Phewwwwwwwwww

Flew awayyyy grin



gringrin
TTPAAR:
Try Aviator, na person say make I tell you. 😁
Re: Do People Really Make Money From Forex Trading? by TossTos(m): 5:51am On Feb 04
My take is , either you're going to be a forex trader or not , just try to learn it at the same time try self discovery .. you see forex is Business done globally where we come with our styles of doing it .. institutional funds trading it also are their to make profits , they employ great people with rules , simple repeatable process, once target hits , they call it a day .... And most of this is done on just one 1assets , they've fully studied , collect enough data histories.. 95 or 99% will lose as generally says because they lacks what the 1% club were doing .. 95% scalps , want to make all of the profits because trading will end today , going in and out every now and then , 95% is looking at 10 assets to trade because he want to make all of the profit on them , 99% in trading is AVERAGE MEN while 1% is doing what the average men were not doing , in trading average man has enough hope in loss than in winning, that is one of the main reason you hear all of this loss loss loss loss , getting stopped out while winnings are just 0.75cent of $ , 1$ . You see, there's a lot to trading but it is the best knowledge to have .. Lets be friends and we'll talk more about it .. trading is not comparable to Sport Bet or Lotto because you can't learn anything there in sport bet or lotto as you'd learn in trading ..
Re: Do People Really Make Money From Forex Trading? by Ten06(m): 6:41am On Feb 04
Forex trading is a long-term venture; it does not deliver instant rewards. In the early stages, losses often outweigh gains until one develops proper knowledge, discipline, and experience. Many people who publicly flaunt wealth and claim it comes from forex trading are often fraudsters, using forex as a cover to disguise their questionable activities.
Re: Do People Really Make Money From Forex Trading? by Goldbw122(m): 8:09am On Feb 04
How did you manage to write that word here without getting banned 🚫
Re: Do People Really Make Money From Forex Trading? by Goldbw122(m): 8:11am On Feb 04
EleweNjewe:
wink

Phewwwwwwwwww

Flew awayyyy grin



gringrin
There is difference between gambling and forex market..
Re: Do People Really Make Money From Forex Trading? by Goldbw122(m): 8:14am On Feb 04
kbright2:
Perfectly calculated. That is #500K plus just by trading 20 days a month. Very achievable with right trading skills and money management.

Bravo brother!
When you have the mentality to like loss the account you will definitely loss it but when you have this mind set of a marathon journey and not a sprint then you are on a long way.. even when you eventually loss the account you tend to learn something from it..
Re: Do People Really Make Money From Forex Trading? by Goldbw122(m): 8:15am On Feb 04
HeroicMeastro:
They are drug lords hiding under the so-called forex thing.
There are real ones.. just chill
Re: Do People Really Make Money From Forex Trading? by Goldbw122(m): 8:15am On Feb 04
Starz825:
I Prefer sporty than Forex!
That means you have a lot of things and information to actually learn. Don't worry you will get there.
Re: Do People Really Make Money From Forex Trading? by Goldbw122(m): 8:20am On Feb 04
Tunmise40:
Many people have spoken the partial truth about forex that you would lose all, lose most of the time and take long time to become profitble after losing much. Thats 100% correct. But what they forgot to mention or dont know is this, for a very complex and huge market like forex, YOU DON'T VENTURE INTO IT WITHOUT ANY EXPERIENCED GUIDE. you would have to learn from your own losses in that case and it can be for a very long time of losses like most people have been pointing out here so far. Its clear to see their foolish mistake is venturing into it on their own. Theres a proverb that says follow a man that has gone twice through the road you are about to take so you wont fall into errors and costly mistakes. The same applies in anything you want to venture into, whatever business it is. Its always far much easier that way. There are people making consistent profits from forex although very few. There are many reasons why people loses most of the time in forex and one of them is greed, uncontrolled emotions. Nothing punishes greed in this world like forex. Sometimes i trade just 2 or 3 times in a week and am satisfied with whatever i get. You can check my profile.
You just try to remove that gamble mentality then you will be fine is already an habit.. so you just have to like switch it.
Re: Do People Really Make Money From Forex Trading? by EleweNjewe: 9:36am On Feb 04
cheesy

I'm talking about the aviator here
Abi he no dy shout flew away?


wink
Goldbw122:
There is difference between gambling and forex market..
Re: Do People Really Make Money From Forex Trading? by 3nity7: 9:52am On Feb 04
Please what trading system are you using? Just tell me I will research about it it looks profitable.
Mcval:
The comments I have come across here makes me laugh. I have been trading Forex for sometime now and it sounds very funny when I hear people say it's gambling. Trading Forex is a very valuable skill I will advise any jobless Nigerian youth out there to acquire. Instead of venturing into fraud acquire this honourable Skill that can give you financial freedom.
Enroll for a course with any of the trusted mentors around to learn the basics. Practice on Demo for sometime then start with a small capital or even get a prop firm account and earn some money when you pass. Set targets, avoid being greedy, be disciplined and with patience you will start making money consistently.
Forex is not a scam please and you don't need a $1000 account to be making $20 daily. If you have an edge in this business you can make more. This is a $70 account that I started trading yesterday and this is the balance today.
Re: Do People Really Make Money From Forex Trading? by AMI3(m): 10:16am On Feb 04
Kobicove:
In my opinion forex trading is better than crypto because crypto is all hype and really has no solid assets backing it
I prefer crypto to forex in cryp u can stake, buy during the pre-sale, u can invest for future , u can invest in stable coin and still make immediate profi.
Crypto may have stock trading similarities
Re: Do People Really Make Money From Forex Trading? by hobyner(m): 10:41am On Feb 04
Better to be playing Sporty than to go into Forex. Na free advice I don give you
Re: Do People Really Make Money From Forex Trading? by Starz825(m): 10:47am On Feb 04
Goldbw122:
That means you have a lot of things and information to actually learn. Don't worry you will get there.
Bros...i have been there.... i lost a lot of money and i hated it since then....

Sporty paid me more than forex ever did.... dont know abt tomorrow...but i doubt i will go into forex again

My sporty sef na responsibly i dey bet am.

Thanks
Re: Do People Really Make Money From Forex Trading? by tonididdy(m): 11:47am On Feb 04
I feel and think for some it's real while for most it's packaging

Like kojoforex just bought a 2026 g63 this week in Dubai....it has to be real.
Re: Do People Really Make Money From Forex Trading? by dietsono(m): 12:20pm On Feb 04
Chechelenche:
I have always wondered why they sell ebooks if they make so much
Why do you also eat when you know you are still gonna shit it out
Re: Do People Really Make Money From Forex Trading? by ernieboy(m): 1:40pm On Feb 04
pook:
Exness different types of instrument on Metatrader for you that thinks Forex is same as crypto.
but all those instruments are based on speculating i.e. predicting future price movements, same as forex.
Re: Do People Really Make Money From Forex Trading? by ernieboy(m): 1:41pm On Feb 04
pook:
Forex is different from Crypto, don't say this on Forexfactory. People will think you are clowning or trolling. Forex is currency pair, that's all.
but they are both based on speculating future price movements
Re: Do People Really Make Money From Forex Trading? by Mcval(m): 2:35pm On Feb 04
3nity7:
Please what trading system are you using? Just tell me I will research about it it looks profitable.
I trade FVGs, 4hr, 1hr, 30min, 15min and 5min timeframes. Avoid the US Session because of Liquidity sweeps. However, you can wait for the sweeps to take place before you enter a trade to avoid stories that touch.
Re: Do People Really Make Money From Forex Trading? by Mrexcell(m): 2:48pm On Feb 04
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)
So ur trading system u have mastered doesn't have stop loss?
Re: Do People Really Make Money From Forex Trading? by 3nity7:
Mcval:
I trade FVGs, 4hr, 1hr, 30min, 15min and 5min timeframes. Avoid the US Session because of Liquidity sweeps. However, you can wait for the sweeps to take place before you enter a trade to avoid stories that touch.
thanks. Please Can you recommend any YouTube videos, materials or channels because I know you wouldn't have the time to answer some of my questions here
Re: Do People Really Make Money From Forex Trading? by Mcval(m): 6:07pm On Feb 04
3nity7:
thanks. Please Can you recommend any YouTube videos, materials or channels because I know you wouldn't have the time to answer some of my questions here
Go to YouTube and search for "how to trade FVGs".
You will find educative videos there.
Re: Do People Really Make Money From Forex Trading? by TheGift: 7:19pm On Feb 04
blesdman:
All these talks na scope. Forex trading is simply forex betting. An addiction
I don't bet and I don't trade forex, so I have no idea how it feels to be addicted to those.

Just answering based on objective research.
Re: Do People Really Make Money From Forex Trading? by 3nity7: 7:40pm On Feb 04
Mcval:
Go to YouTube and search for "how to trade FVGs".
You will find educative videos there.
alright thanks 👍
Re: Do People Really Make Money From Forex Trading? by pook(m): 9:40pm On Feb 04
ernieboy:
but they are both based on speculating future price movements
Yes. You speculate movement by analysing.
Re: Do People Really Make Money From Forex Trading? by SamuraiXXX: 9:58pm On Feb 04
Akwamkpuruamu:
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
If after 16 years you're still making losses it means forex trading is not for you, you should try something else
Re: Do People Really Make Money From Forex Trading? by blesdman(m): 11:42pm On Feb 04
TheGift:
I don't bet and I don't trade forex, so I have no idea how it feels to be addicted to those.

Just answering based on objective research.
that research is what the sources or references of ur research wants u to believe. Forex trading is simply forex betting
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