Is Forex trading profitable?

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August 20, 2011 2:09pm CST
Have you done forex trading? I'm a beginner in this. can you please guide me? Do I have to invest anything on it?
4 responses
@SQD444 (677)
• India
8 Nov 11
Forex trading is profitable with high risk reward ratio.. if you have a good strategya nd plan in traing you can earn good money in this market .. at the same time if u get carried away with greef and trade like a gambler you will end up loosing all the money... its a business like stock and commodity trading and this is the biggest market in the entire world...do a lot of research and demo trading before you invest any real money in this market...
@JosephP (1116)
• Jamaica
8 Sep 11
Well I am sure that investment is a requirement. I have no experience with this but I hear that it can be very profitable. Sadly the most profitable things are usually the ones with the most risk. If you decide to go down the forex road pleas be aware that your are taking a big risk.
• Spain
20 Aug 11
Please be very careful and do not put any money into this type of venture, the chances are you will lose it all. My friend tried forex trading some years ago, initially she did a test run using virtual money to see if she would be able to use the system and be successful with it. She soon learned "the ropes" and made a good enough virtual profit that she decided to try the real thing. She is an intelligent person not given to throwing money away on scams and this was a legitimate site, but as soon as she was trading with real money, her own, it went badly wrong and she lost everything she had invested. It is possible that this happened because using real money made her more cautious than when using virtual and that she made wrong choices. Leave this to the "experts", even they get it wrong quite often.
@petersum (4522)
• United States
20 Aug 11
The fact that you have to ask, "Do I have to invest anything on it?", certainly means this isn't for you! You need to invest a lot! The returns, if you are successful are measured in fractions of a cent for each dollar invested. Of course, being new, you will lose more than you will gain. Forex is a scam! It is manipulated by the larger traders so that they win and the small fry like you lose!