Is there a future in forex trading?

Forex trading
05 Feb 2022, 14:25 81 Views
Temperature temperatures about Forex, Binary Option have already been detected as bad. The brokers like binomo are deceiving traders for a margin call.
Is the Forex Broker different?
Is there a future in forex trading?
Can you rely on forex trading for daily meals?

1 Answer

R
rizki rosadi 08 Feb 2022, 12:26

@Hamid Awaluddin: Are Forex Brokers different?

Forex brokers are certainly different from binary options (BO) brokers. BO brokers are purely market makers, while in forex brokers there are hybrid brokers.

Is there a future in forex trading?

There is.

Is it possible to rely on forex trading for daily living?

The answer can be yes or no depending on whether you can trade or not. If you already have proof of consistent profit for 6 consecutive months, please grow your account so you can take daily living money from your trading account.

The biggest question is, can you really trade? Is there proof of consistent profitability for 6 months - 1 year?

If you haven't made a consistent profit yet, don't aim too high wanting to rely on forex trading for daily living. Consistent profit is not an easy thing.

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