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Anonymous asked in Business & FinanceInvesting · 7 years ago

How do people lose money in Forex trading ? ( 10 points for best and serious answer )?

I want to know about Forex trading (just for my knowledge )

I do not understand how 95 % people lose money ?

is there any given time that you can hold the currency ? or can you hold it for a long time(like 1 year ) (like stocks ) and sell it ?

if some one starts with $10 ,what is the maximum that he can earn from ONE DAY (assume that he is the best forex trader in the world) :P ?

4 Answers

  • 7 years ago
    Favorite Answer

    95% of Forex traders lose because they are amateurs with more hopes than skills. They play against seasoned professionals who have been doing this for a living over many years, equipped with the latest in news feeds, computers and algorithms.

    What makes you think amateurs have much chance of winning against them? there will be one or two here & there, but the vast majority will lose most or everything they invest.

    The $10 you mention is a rounding error in the trades of the professionals. You will need several thousand dollars to even start.

    Best to go and borrow some books on Forex from your library, and read them. You will be far more informed, and in a better position to succeed.

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  • Anonymous
    5 years ago

    Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.

    Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.

    However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?

    The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.

    Learning a profitable trading strategy is possible, You should watch this presentation video

    It's probably the best way to learn how to win with binary option

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  • 4 years ago

    A lot of interested traders are asking themselves the question if you can really make money with binary options? The answer is that you can indeed make money in binary options trading. Learn here

    Obviously this is a perfectly legitimate question considering that most people have not traded binary options in the past and generally believe that investing is a very difficult activity.

    However, you will have to put an effort into it. You will have to learn money management, reading of charts as well as the usage of indicators.

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  • 7 years ago

    $10 I don't think is enough to do anything. You usually invest on margin, so with a small amount, you could make a larger amount.

    Currencies don't move too much in one day. If you think another currency will strongly rise in value against the USD, try to go to a bank and physically buy that currency. Check the price online before you go in so they bank doesn't rip you off too bad.

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