Forex is money sucking machine?

[goldenmember]

Truth be told that forex is a money and time sucking machine. At least that is the way it has worked out for me. I can count lots of hours and loads of dollars I have lost at forex. Each time I hope that it will provide rewards.

[firman]

yes, maybe it could be like this, but it depends on who is doing the trading, if not careful and made ​​a mistake in trading then some or all of the capital could be lost but if the discipline to implement appropriate strategies especially in the course trending forex market can make money fast like a machine

[fuad hasan]

of course forex is money sucking machine but not all of them..in every business you need experience.forex is not easy work.so we need experience then we are money sucking machine in forex

[mayur]

think EURUSD is the best pair for any newbie to start trading with and they can make profits from this pair as the movements are more and quick in this pair and it is easier to do analysis for this pair .

[mayur]

Stop loss helps in reducing the risks and minimizing the losses and avoids the account from being blown off or get margin call. Stop loss is one of the major and most important tool of money management and traders should use it wisely to improve his quality trades

[mayur]

In forex trading a trader does not need to report to anybody or need to trade at a particular time and he can simply trade anytime based on his convenience and can start with minimum amount and take less risks .

[jmsblack18]

I think it depends you.Sometimes can say that Forex is a suction machine, because you're losing your mind again and agin.But sometimes you might see it as a money maker, you can take advantage of as fast there.

That is right. Someone who says the forex is money sucking machine is they who had the bad experience about forex and keep losing. Of course they must blame theirself , why they cannot keep study so they didn't get losing too much every time they trade. Keep learning and evaluate yourself when losing to get in stage the profitable trader.

[mayur]

If a trader or member has any issue he posts here and gets expert advises and comments on the same which helps him a lot and can improve his knowledge and skills which will in turn improve the qualities of his trades .

[mayur]

Big players just do not perform any trade or enter a trade at any time but they do their analysis and see the economy and market conditions and wait for the right levels before they perform their trade

[mayur]

As a scalper it is a good strategy to trade with the trend and to trade with trend it is important to consider a indicator or few indicators to have a better idea of current trend to make profitable trades .