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Forex Trading: Real Or Scam? - Investment - Nairaland

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Forex Trading: Real Or Scam? by Nobody: 11:03am On Sep 08, 2020
There are so myths regarding forex trading in Nigeria people have labelled forex trading as a form of Ponzi scheme, gambling, or get rich quick scheme. Forex have been in existence with almost the same modalities as stocks trading, but the difference is accessibility, liquidity, leverage, volume and time.
With a mobile device you can actually trade forex and earn consistent profits however, like any other profession it requires training and expertise. No one becomes a doctor or an engineer overnight .Why do you think you can make millions from a profession engaged in by banks, government and seasoned professionals with years of experience overnight?
Many people in Nigeria want the easy way out and the level of poverty and unemployment is not really helping matters, this had made many people fall prey to different individuals using forex to extort many youths because they lack the requisite knowledge and believe that forex can leverage them out of poverty overnight.
I have been trading forex for quite some years now, but it took me 2 years of consistent hardwork, studying, trading and losses to be able go develop a system of profitability. As a young man you can make it forex actually but you need to filter your mind form different noises about forex get your ass down to study, demo trade and meet an experience trader( who is actually profitable in real life) to share his experiences with you.
In these times of depreciating Naira and harsh economy, as a young man you can actually keep your head above water with profitable forex trading.
Forex is not scam, but a legitimate way you can be independent and earn a decent living.
Re: Forex Trading: Real Or Scam? by IgweBUIKE1(m): 11:06am On Sep 08, 2020
Sylvermaxx:
There are so myths regarding forex trading in Nigeria people have labelled forex trading as a form of Ponzi scheme, gambling, or get rich quick scheme. Forex have been in existence with almost the same modalities as stocks trading, but the difference is accessibility, liquidity, leverage, volume and time.
With a mobile device you can actually trade forex and earn consistent profits however, like any other profession it requires training and expertise. No one becomes a doctor or an engineer overnight .Why do you think you can make millions from a profession engaged in by banks, government and seasoned professionals with years of experience overnight?
Many people in Nigeria want the easy way out and the level of poverty and unemployment is not really helping matters, this had made many people fall prey to different individuals using forex to extort many youths because they lack the requisite knowledge and believe that forex can leverage them out of poverty overnight.
I have been trading forex for quite some years now, but it took me 2 years of consistent hardwork, studying, trading and losses to be able go develop a system of profitability. As a young man you can make it forex actually but you need to filter your mind form different noises about forex get your ass down to study, demo trade and meet an experience trader( who is actually profitable in real life) to share his experiences with you.
In these times of depreciating Naira and harsh economy, as a young man you can actually keep your head above water with profitable forex trading.
Forex is not scam, but a legitimate way you can be independent and earn a decent living.
are you base in Lagos sir will also like to learn or get signals from you
Re: Forex Trading: Real Or Scam? by Minsk24: 2:16pm On Sep 08, 2020
Much Love to GBP pairs.... This week don stew.. Forex pays... You just have to approach it with a tough mindset

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Re: Forex Trading: Real Or Scam? by SoftBillionaire: 11:39am On Sep 09, 2020
Sylvermaxx:
There are so myths regarding forex trading in Nigeria people have labelled forex trading as a form of Ponzi scheme, gambling, or get rich quick scheme. Forex have been in existence with almost the same modalities as stocks trading, but the difference is accessibility, liquidity, leverage, volume and time.
With a mobile device you can actually trade forex and earn consistent profits however, like any other profession it requires training and expertise. No one becomes a doctor or an engineer overnight .Why do you think you can make millions from a profession engaged in by banks, government and seasoned professionals with years of experience overnight?
Many people in Nigeria want the easy way out and the level of poverty and unemployment is not really helping matters, this had made many people fall prey to different individuals using forex to extort many youths because they lack the requisite knowledge and believe that forex can leverage them out of poverty overnight.
I have been trading forex for quite some years now, but it took me 2 years of consistent hardwork, studying, trading and losses to be able go develop a system of profitability. As a young man you can make it forex actually but you need to filter your mind form different noises about forex get your ass down to study, demo trade and meet an experience trader( who is actually profitable in real life) to share his experiences with you.
In these times of depreciating Naira and harsh economy, as a young man you can actually keep your head above water with profitable forex trading.
Forex is not scam, but a legitimate way you can be independent and earn a decent living.
You are on point.
People spend years in school some cases up to 5, 6 years in school to study a profession after that they still spend more time before earning or may end up not being able to convert the knowledge to income.
But when it comes to forex, someone who just started trading yesterday, if they don't make millions overnight, will assume forex is scam. If forex is scam the banks, and other financial institutions will no longer exist. 'Cos that's what they do with our money.
If you are interested in forex, give it time, seek to gain mastery first. When you gain mastery of the skill it becomes profitable to you. There is always a learning process first for any sector of life you want to make money from. Don't be in hurry to judge forex, Calm down and learn the skill.

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