Do you think forex is money factory

[iMusingKiMi]

It is not forex only, it is the whole financial industry. If you are good, you can always print money there with other people money.

 

[Whitesnake]

Well forex is certainly money factory for the ones who are very much dedicated and self disciplined while trading which takes utmost effort and only very few traders can achieve this goal.

 

[TrapLok]

Yes. Having access to an economic calendar is absolutely essential for forex trading. An economic calendar will show you all (hopefully) events that will have an impact on a currency pair(s). Many traders like to trade when there is a lot of volatility in the markets.

 

[pashaev]

Market reaction to news is always unpredictable. Trading in such moments is more like a roulette game than a pragmatic job.

 

[kingsman]

Market reaction to news is always unpredictable. Trading in such moments is more like a roulette game than a pragmatic job.

Trading news requires lots of experience and precision in taking decisions on time. Apart from these things, you need to have a good broker where slippage is less, otherwise news trading will mess up your account.

 

[Rakovski]

Forex is a money factory only if you are sell EAs or have any not related to trading business. Forex is a big game for money that have moderators and admins above the market and traders are like a players trying to bit a piece of cake.

 

[pashaev]

Trading news requires lots of experience and precision in taking decisions on time. Apart from these things, you need to have a good broker where slippage is less, otherwise news trading will mess up your account.

Do you have a strategy for predicting market reaction to news? If focus only on out the forecast on the rumors and rolling back on the facts this is not enough.

 

[nahiyar]

Yes. Having access to an economic calendar is absolutely essential for forex trading. An economic calendar will show you all (hopefully) events that will have an impact on a currency pair(s). Many traders like to trade when there is a lot of volatility in the markets.

We cannot say just volatile market is a way of money making actual earning comes when one understands how to react on certain times of trading. He has to know pair moods , impact of news on market and skill of trading is also important which brings real success to the trader . FOrex is not a factory that makes money for you , have to search your own share from here

 

[Albert Dcosta]

Do you have a strategy for predicting market reaction to news? If focus only on out the forecast on the rumors and rolling back on the facts this is not enough.

Well nobody can have a strategy of market reaction to a particular news. It is just sometimes, news impact is so clear that you can put your trades easily. Just like CAD did last day with clear move and many traded it successfully.

 

[bigdolly]

Well nobody can have a strategy of market reaction to a particular news. It is just sometimes, news impact is so clear that you can put your trades easily. Just like CAD did last day with clear move and many traded it successfully.

What about news straddle, I use this strategy on my Hotforex account, sometimes it works pretty well, overall I'm in profit so far