Reviews about working on the Forex exchange.

In this article I will give my impressions of working on Forex, as well as reviews of other traders who have been working in the foreign exchange market for several years. During the survey, the question was also asked, “What recommendations and advice can you give to a novice trader?”

After reading the article, you can form your own opinion on whether you should trade or whether you need to choose another type of online earnings.

Feedback on working in Forex was obtained as a result of a survey conducted among traders with different trading experience, which allows you to form your own opinion about this type of activity.

 1. I've been trading Forex for several years now, but I only started making consistent profits after several years of study, trial, and error.

At first, like most of my colleagues, I tried to work on intuition. It seemed that nothing could be simpler: buy when the price goes up and sell when the price goes down. 

But in practice, things turned out to be much more complicated. For some reason, the price always tries to move after you as soon as you open an order. As I later realized, these are simply pullbacks, and you shouldn't rush into decisions.

Boretsky Ruslan.

2. It's possible to make money on Forex, but it's very difficult. My first mistake was trading when I felt like it, not when I needed to. I'd turn on my computer and sit down at the terminal, but as a result, my market entries weren't always successful, and for the first six months, I only had zero results.

Now I trade on the news, in my opinion, this is a more win-win trading option.

Senin Ivan.

3. As soon as I started trading, I lost my $100 and a bonus $50 in one day. It seemed so simple. I tried scalping and closed with just a few pips of profit. I'd win a couple of orders, and lose a third, but the loss on the third always exceeded the profit on the previous two.

I didn't think it would be so easy to lose such a sum. Afterwards, I tried trading on cent accounts and realized that I needed to develop a clear trading strategy and be sure to use technical indicators.

Now my account has a stable deposit of $300, and my monthly profit is rarely less than $100. This isn't my main source of income, but more of a hobby.

Krynkin Sergey.

4. First of all, I will give some advice to beginning traders; it is painful to watch when someone repeats your mistakes.

• Do not trade against the trend, it is better to wait out the correction and only then open a trade.

• Work with one volume and consistently withdraw profits; you should not constantly use the entire amount of funds on the deposit in work.

• Monitor the spread size during high market volatility, sometimes this figure increases more than tenfold.

• Don’t forget about the news; it’s advisable to have a properly configured news feed for your favorite currency pair at hand.

I've been working on Forex for quite a long time, and my average monthly income is over $1,000. I won't reveal my trading strategy; everyone must find their own path.

Babak Vyacheslav.

5. I've tried a bunch of strategies and trading options, but the losses always exceed the profits. I believe that currency trading is only possible with very large sums of money, and all attempts to play on a cent account always end in failure.

And positive reviews from traders about working on Forex are the opinions of those who haven't lost their money yet; in my experience, they simply have their best years ahead of them.

Day.

6. I want to say unequivocally: to make money, you need to learn and learn again. There are no super advisors or 100% accurate indicators. On average, my income is no more than 25% of the deposit I trade with, and it varies from month to month.

True, there are very few people like me; about 90 percent lose their deposit within the first few days.

I believe the main goal for the first six months is not to make money, but at least to save it. Happy trading.

Evstropov Evgeny.

Reviews of Forex trading suggest that to start making a stable income, you first need to dedicate several months to learning, and after that, no one will guarantee you a profit. Successful trading requires an analytical mind, patience, and strength of character.

But there are no exceptions to the rule; I personally know a trader who has been able to earn 200% profit monthly for six months now.

When reading reviews about Forex trading, don't assume everything is your fault. Trading is such a delicate undertaking that you can only truly test how good a trader you are in practice.

I would like to add that anyone who wants to make money on Forex will make money, the main thing is to not spare your time and effort on learning and training.