Please Is Forex Trading Profitable? - Investment - Nairaland
Nairaland Forum › Nairaland General › Investment › Please Is Forex Trading Profitable? (1021 Views)
| Please Is Forex Trading Profitable? by omozu1(op): 7:00pm On Jun 18, 2020 |
Please I just want to know how profitable is forex trading thanks for your help. |
| Re: Please Is Forex Trading Profitable? by WaywardSon(m): 7:08pm On Jun 18, 2020 |
Not the way many people market it. Its a career and a lifestyle but many scammers will take your money and leave you empty. The forex market is a dangerous high sea that newbies will almost certainly lose their first account hey some keep losing down to the 9th account then frustration gets them and then they quit. Some carry on and keep their greed low. They find mentors who not only teach them but give them experienced guidance that shortens the whole failing stage and grows them into full mature traders, with time these traders eventually quit their day jobs because there's nothing like the sweet sweet sensation of a profitable trade.Forex will pay you Forex will also wreck you. It's all up to you bruh. I've been trading for 3 years now. Forex and binary. In my next life I pray I start early, best thing that ever happened to me |
| Re: Please Is Forex Trading Profitable? by omozu1(op): 8:18pm On Jun 18, 2020 |
WaywardSon:thanks if you are to teach me to become a pro how much will it cost me? |
| Re: Please Is Forex Trading Profitable? by WaywardSon(m): 8:46pm On Jun 18, 2020 |
omozu1:DM me on WhatsApp. Its a long road tho |
| Re: Please Is Forex Trading Profitable? by jasent(m): 9:30pm On Jun 18, 2020 |
WaywardSon:Just 3years you want to teach,you never even see the real forex. |
| Re: Please Is Forex Trading Profitable? by jasent(m): 9:34pm On Jun 18, 2020 |
omozu1:Forex is very lucrative Op..But becarefull of many guys that called themselves trader.Many are just after your money..Start learning at www.babypips.com. I can also give you my materials for free,don't pay any money to anybody for training.. Let's I forget you must have other source of income for now,otherwise it will be very difficult for you to be successful in this business... It took my 5years before I started making profit in this business.. Good luck to you |
| Re: Please Is Forex Trading Profitable? by Heryormilekan(m): 9:58pm On Jun 18, 2020*. Modified: 12:39pm On Jun 18, 2022 |
Maybe |
| Re: Please Is Forex Trading Profitable? by WaywardSon(m): 10:20pm On Jun 18, 2020 |
jasent:by august it will be my fourth. If you know anything about trading you'll know the journey never ends, the learning never ends and 12 years experience trader will still have dry spells. I will never claim to be a perfect trader, I'm a Nigerian I grew up with very little and forex changed my life even my lil sis is making 100usd per day on binary and she's no maverick. Just following my directions. The Op should follow babypips.com they are really good if you're short on cash. There's also a ton of free materials on different fx channels. One can learn forex absolutely free it can be self taught if you're determined well enough. However your wilderness period may be long before you get your feet bro. Also have a steady source of income. Its very necessary in this business |
| Re: Please Is Forex Trading Profitable? by jasent(m): 10:30pm On Jun 18, 2020 |
WaywardSon:I am not here to join issues with you,both saying your sister is making 100usd per day cast doubt in your claim to be a profitable trader. There is never a fix amount to be made daily in this business as you're not 100% sure what will likely happen in the market on daily. We trade probabilities,meaning the best setup can end in Negative.. Less I forget I have got 18years experience in this business, so I knw what I am talking about. |
| Re: Please Is Forex Trading Profitable? by CribsofLagos(f): 10:39pm On Jun 18, 2020*. Modified: 8:39am On Aug 13, 2024 |
. |
| Re: Please Is Forex Trading Profitable? by WaywardSon(m): 10:56pm On Jun 18, 2020 |
jasent:lol the op asked about the business and if it pays? He's been hearing about it for awhile now and wants to know if the venture is worth it. 18 years 20 years 30 years? All na statistics. The average Nigerian cannot afford to eat 3 separate meals and I'm telling him that yes someone can make a living out of the market. Everybody has his own strategy for milking the money. Sorry it took you 18 years to make steady profits. |
| Re: Please Is Forex Trading Profitable? by jasent(m): 11:01pm On Jun 18, 2020 |
WaywardSon:No,it took me 5 years to become profitable. Started 2002,became profitable 2007/08 |
| Re: Please Is Forex Trading Profitable? by omobabaloke247: 11:39pm On Jun 18, 2020 |
In the long term (5 to 10 years after learning) yes but in the short run (1 to 5 years) No. But to very rule there is exception. yours could be one you know. |
| Re: Please Is Forex Trading Profitable? by SavageResponse(m): 6:00am On Jun 19, 2020 |
omozu1:I am not an expert on forex trading but from my research it is profitable however, it requires a lot of hard work and dedication In reality it is almost impossible to make daily or monthly returns of 30% and above...forget the bullshit claims you see people making online...most of them are just running an elaborate Ponzi scheme disguised as forex trading Also ignore those guys who chase people around to come for training; anyone who is really making good money in forex trading in Nigeria will not have the time to be chasing 20 participants around to come and pay N1,500 each for training! ![]() Please go online and do some research to get the facts before you dabble into it I opened a thread a while ago where I challenged the so-called forex trading champions who make bogus claims here; most of them avoided making any comments on the thread https://www.nairaland.com/5889914/it-possible-survive-only-profits |
| Re: Please Is Forex Trading Profitable? by brownemmanuel43(m): 7:16am On Jun 19, 2020 |
The guy that said his side makes 100$ day are u sure is the same forex we all know? Bcs forex is damn volatile, so your sister to be making 100$/day I wonder the kin trick she dey use. As for op, forex is not for the fainted heart, before u venture into this game, bear it in mind that is a 50_50 game |
| Re: Please Is Forex Trading Profitable? by idomalord: 11:24pm On Jun 19, 2020 |
brownemmanuel43:He said the sister trades binary |
| Re: Please Is Forex Trading Profitable? by Fa44me: 2:57am On Jun 20, 2020 |
jasent:I just sent you email bro. Please reply. Thanks |
| Re: Please Is Forex Trading Profitable? by Fa44me: 3:02am On Jun 20, 2020 |
WaywardSon:Can you help me out, bro? 08134780680 |
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hey some keep losing down to the 9th account then frustration gets them and then they quit. Some carry on and keep their greed low. They find mentors who not only teach them but give them experienced guidance that shortens the whole failing stage and grows them into full mature traders, with time these traders eventually quit their day jobs because there's nothing like the sweet sweet sensation of a profitable trade.