Written above the same thread It can definitely be considered as a sea of money if your strategies are working well for you. The experience will make you more successful.
oanda's swap + spread... i mean you day trade? forex is really uneven playing field even the founder admits a.k.a gambling
I would describe forex as different rather than hard. It requires a very different trading approach vs stocks, bonds and what have you.
Thanks for posting the video. That man is a rock and roll super star. I don't believe he said trading fx was gambling, I took it as most clients approach it as entertainment / gambling.
Yes, true if a traders knows well how to trade then he can be a successful trader. So always learn the basics of Forex trading before start and it will be helpful to be a successful trader.
Exactly we need to focus on learning the skills which are essential in making money from forex trading.
It does not matter if the trader trades coffee, gold, emini S&P 500, Netflix, ETFs, oil, Forex or whatever, if his system is good it will make money regardless of the financial instrument. Forex is no different than any other market!
stop lying only forex have swaps and it's not optional only forex you have to understand both instrument e.g if you trade eurusd you have to understand the state of euro AND the USD you forgot EUR vs CHF?
ANY market can crash, and Forex is no exception. Never trade major currencies that are pegged artificially (EUR/CHF in this case, historically) and you will be fine. Nonsense, you trade what the EUR/USD chart is telling you, period.