Do people actually make money from Forex?

roydan

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I used to wprk for a Forex company a few years ago. People make money until they get greedy. Too big of a leverage will get you out of the game. Limit yourself to a resonable one and you might get a shot. A leverage of 1:100 will take you out if the asset lost 1% even for a moment.
 

Game of Squid

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I used to wprk for a Forex company a few years ago. People make money until they get greedy. Too big of a leverage will get you out of the game. Limit yourself to a resonable one and you might get a shot. A leverage of 1:100 will take you out if the asset lost 1% even for a moment.

Woahh great experinse on forex
 

Game of Squid

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Yes, there are some people who make money but mostly people lose.
Forex, just like any other business is time consuming and you need to work for your money.
Yees that a big fact, mostly people lose their monney and time, but other people make some money
 

Spats

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I doubt most retail forex traders or day traders make a livable income from it. Wall Street guys obviously make money with it, though.

I've noticed that a lot of people that have inheritances or trust funds claim they made their money with forex, stocks, poker, or crypto (if they're younger).
 
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Willyfish

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Banks make a lot of money... forex is like a battlefield with everyone competing to win.

So if you are ready to beat banks, have a million dollar algorithm to trade, go ahead.

If you don't, your life will be a stop loss festival (and it's better than having no stop loss at all...)
 

Surfer420

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Banks make a lot of money... forex is like a battlefield with everyone competing to win.

So if you are ready to beat banks, have a million dollar algorithm to trade, go ahead.

If you don't, your life will be a stop loss festival (and it's better than having no stop loss at all...)
What he said.

You have better odds making money in casino than against big banks and their algos and people with PhD in math always updating banks algos.
 

mubashirshakoor

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hey guys ive got something to ask to you.

Do people make money from Forex or is it all just an illusion.

your thoughts guys
It will make you rich if you have a lot of money. For average people it is not good.
 

Game of Squid

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I doubt most retail forex traders or day traders make a livable income from it. Wall Street guys obviously make money with it, though.

I've noticed that a lot of people that have inheritances or trust funds claim they made their money with forex, stocks, poker, or crypto (if they're younger).
They not trust forex btw
A few percent of them are making good money just like in IM, poker, and sports betting.
But in forex industrie
Forex is one of the most rigged markets, run by HFT algorithms.

Only sure way to make money in forex is selling forex bots to uneducated retail traders.
I think this is illegal?
Banks make a lot of money... forex is like a battlefield with everyone competing to win.

So if you are ready to beat banks, have a million dollar algorithm to trade, go ahead.

If you don't, your life will be a stop loss festival (and it's better than having no stop loss at all...)
Yaah, forex is like a battlefilled, you need to be a very competitive to make some penny
 

Game of Squid

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For people who have a lot of money and no knowledge it's also a disaster recipe.. :D
Thats true a lot of people even not in a forex industries, many people loose thier money with no knowledge at all
 

Starblazer

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One guy in my neighborhood convinced 20-30 people to invest in forex. He promised to give twice the money after 6 months. He lost it all and committed suicide. Some people suspect that he invested in crypto but told them forex because people may not trust crypto. His family didn't pay anything to anyone as there are no contracts involved.
 

Game of Squid

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One guy in my neighborhood convinced 20-30 people to invest in forex. He promised to give twice the money after 6 months. He lost it all and committed suicide. Some people suspect that he invested in crypto but told them forex because people may not trust crypto. His family didn't pay anything to anyone as there are no contracts involved.
Ohhh, thier are a lot of people loose thier money on forex without any idea or consequences
 
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