Do you think forex is money factory

hitfx

Corporal
Messages
164
No doubt anybody can blow his account any time when he is not conscious about stops. If he is disciplined, he will use all possible managing tools to limit his loss. Even with high trading skills, nobody can gain unlimited profit from forex with using stop losses.
 

Gateluri

Recruit
Messages
41
It is estimated that about four to five trillion dollars are traded everyday within this market. If you are talking about the shear volume, then yes it is a money factory. If you are talking about getting rich, then you need to be realistic. A lot of people have lost everything in it.
 

Morning1234

Private, 1st Class
Messages
67
Why do you call the market a factory? Forex is market. A tool for redistributing money from the poor to the rich. Or from stupid to smart.
 

Etedus12

Sergeant
Messages
174
Nothing is a money factory, except of money factory. Forex is trading businesses; where you need to work as hard as possible, develop your skill and area of expertise. Money doesn’t come just right away, you still need to earn them and do not rely on luck or coincidence.
 

Thoris

Corporal
Messages
111
You can call Forex anything you wish to, but it all narrows down to how your operations take place. If you have a poor strategy and lack trading discipline, the nit would certainly be a losing factory. But if you've mastered the tips for making profit, then you are right to call it a money factory
 

Boyd35

Recruit
Messages
68
Thoris, you made a very good note. I also believe that everything is related to traders skills, knowledge and experience. There are many opportunities on this market, but it is only question of traders skills if he would be able to exploit these opportunities to his own benefit
 

landorra

Private, 1st Class
Messages
43
No doubt anybody can blow his account any time when he is not conscious about stops. If he is disciplined, he will use all possible managing tools to limit his loss. Even with high trading skills, nobody can gain unlimited profit from forex with using stop losses.
Amen, brother!
 

BaazexRep

Baazex Representative (UNCONFIRMED)
Messages
39
Forex traders can make it for living it can be a money factory for the traders who have trading technical skills and have good money management skills with enough experience to invest capital in live trading
 
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