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Forex trading…how much % Chances are there?

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5:52 am
August 3, 2013


JHONTY FX

Member

posts 27

Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as theForex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. Particulary suspicious are private Forex investment clubs, which are usually scams. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap . com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

12:13 pm
July 26, 2014


Jamal Mia

Member

posts 42

actually it depends on traders. If if you are skilled enough and has the experience to win from trading, you may win from live trading too. But I hope you know that, almost 80%-90% traders can not make money from live Forex trading. Because, this market is seriously risky and tough to make profits. My broker OctaFX helping me a lot to win from trading and making me crazy seriously. Though I a new trader, still I am making enough profits.

4:37 pm
August 13, 2014


Muhammad Perkins

Member

posts 39

I think when it comes to trading there is always a 50/50 chance to start off with but if we go that way than we are gambling that is far far away from reality as Forex is a real business so here we have to do proper learning, education, experience and once we become master/expert we will have about 80% chance of success which is really amazing.

2:46 pm
September 24, 2014


mr walner

Member

posts 14

It is really impossible for anyone to say how much chance he has just like that as Forex is a very unpredictable business but yes if we have the right broker like OctaFX we definitely stand great chance of success as they offer so many things like 50% bonus, instant withdrawals and plenty of other stuff that we should ever wish plus we can completely trust them as they are regulated company.

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