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How legit and profitable is forex trading please. I am thinking of joining it. Please I need honest response

Statistics has it that about 90% of RETAIL Forex traders lose trading Forex. As a beginner, U have little chance of winning. Even as an experienced Forex trader, after deploying various strategies to bet the market, U would end up losing.

Judging from the above, 90% of Forex traders are apparently programmed to lose. This is cos when U lose your hard earned money, that is when your market maker (broker) makes money. They do this by trading against your position. When U win, they lose money. But such case is rare. Ask experienced traders. U can also ask Google why Forex traders lose money.

clive2u:
How legit and profitable is forex trading please. I am thinking of joining it. Please I need honest response

mastertunji:
Statistics has it that about 90% of RETAIL Forex traders lose trading Forex. As a beginner, U have little chance of winning. Even as an experienced Forex trader, after deploying various strategies to bet the market, U would end up losing.

Judging from the above, 90% of Forex traders are apparently programmed to lose. This is cos when U lose your hard earned money, that is when your market maker (broker) makes money. They do this by trading against your position. When U win, they lose money. But such case is rare. Ask experienced traders. U can also ask Google why Forex traders lose money.

aite. thanks for d info