Forex is money sucking machine?

[fxguru007]

Many traders compare forex as money making or sucking machine, but I do not think that. In my view it is very hard working money making business in the world. but not gambling or money making machine. it is also a business but highly profitable.

[sajal]

We can say that forex is a money sucking machine.We can also say that forex is a money making machine.This two names of forex change with each other according to situation.Forex sucks money from a looser, again a winner makes profit from forex.So there is a balance between winners and loosers.Only money floats between traders.Forex is just a medium.It distributes the money among the eligible candidates.For this reason, it is so popular all over the world.

[arinda]

Hi friends
Are you agree with me that forex is money sucking machine and on daily basis it sucks the money of small traders and accumulate the money in the accounts of big traders? As we know that money in the forex is limited and it transfers from one account to another. Let suppose if you open the position and market moves in your favor then its mean that forex is now getting the money of some one else who open the trades against you and whose lot size is bigger than you. If he will close the position then market will move to get your money now and if you will not close it then your money will go to some one else account.

greetings to you all usccess. opinions are very smart, but that's the law of forex. we inevitably have to follow it. we can still continue this business if we like, but we can stop for not continuing this forex business. the spirit of hard work for you all.

[tarun2305]

short time trader means scalping process. traders are taking 35 to 40 pips daily with this process but market moving too fast and thats why risky and have chance to loss.in this sense sometimes forex becomes money sucking machine

[miketega3]

it all depend on the trading system according to the statistic almost 95% of trader lose their trading account and 5% succeed in trading and beside the volume of money being traded everyday is close to 3 trillion dollar

[01730177733]

forex traidng is a a suking machine is not true and forex trading is a very big makrt and forex trading is a good for a man when he trade forex traidng good and he know forex trading and forex education and forex trading subjects and forex trading is a very sencetive and forex trading as well as money making machine

[ayusri]

this business is usually a money making business. but you may lose money from this Forex trading and then it will be money sucking business for you.

it could be our financial shredder but it can also be a money maker for us which, if unrestricted would be very detrimental to us, but instead means that if we run out of money los no trace of the sekalibukan that forex is becoming a money making machine as well if we rely a shredder money also depends how we treat it if we do trade with a nice car do not get too greedy self-regulate and make money management is really going to be collecting money for our machine if the origin of random forex trading without any calculation will mak futile our efforts to learn forex as inferior to the greed of our own to finance forex into our shredder, but if it is regular forex trading with a machine collecting the most money quickly and easily.

[eman]

I think this is not 100% true. if a rorex trader can trade succesfully he will be earn a lot of money if he can't trade successfully he will not earn money. for good trading a trader can gather many knowledge otherwise he will not success his business. So i think this is true for a succesfull trader.

might be like that for traders who have already mastered the master trading well and can prove he can proifit every day of trading forex is like a faucet that can drain the cash income every day, but for a beginner trader is not necessarily the loss of profit, and often it not applicable

[sunar]

forex trading is money machine and it can be burn up money machine too. if we really do not have sufficient knowledge, not prepared to learn and just think with the attitude like that then precise get anything.

[digger_jim]

this business is usually a money making business. but you may lose money from this Forex trading and then it will be money sucking business for you.

All business is there to make money, my friend. Only you have to calculate how many people loose money in it and how many make money from it. If there are more who loose money, then it is a money sucking business, even though for some it's a money making machine.