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 have been trading Forex for several years now, but I began to earn money consistently only after several years of study, trial and error.

At first, like most of my colleagues, I tried to work on intuition; it seemed that it could be simpler, buy when the price goes up and sell when the price goes down. 

But in practice, everything turned out to be much more complicated, the price, for some reason, always tries to go after you as soon as you opened an order. As I later realized, these are just kickbacks, and one should not rush to make decisions.

Boretsky Ruslan.

2. It is possible to make money on Forex, but it is very difficult. My first mistake was that I traded not when I needed to, but when I wanted to. I turned on the computer and sat down at the terminal, as a result I did not always successfully enter the market and for the first six months I only got zero results based on the results of my work.

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 working, I lost my $100 plus another 50 bonus in one day, it all seemed so simple, I tried scalping and closed with just a couple of points of profit. It turned out that a couple of orders were profitable, and the third was a loss, 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 an amount, then I tried trading on cent accounts, and as a result I realized that I should develop a clear trading strategy and be sure to use technical indicators.

Now the account has a stable deposit of $300, and the monthly profit is rarely less than a hundred. For me this is not the main source of income, but more of a hobby.

Krynkin Sergey.

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

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

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

• Keep an eye on the spread when market volatility is high, sometimes this figure increases by more than ten times.

• Don't forget about the news; it is advisable to have a normally configured news feed on hand for your favorite currency pair.

I myself have been working in Forex for quite a long time, on average my monthly income is more than $1000, I won’t reveal the trading strategy, everyone must find their own way.

Babak Vyacheslav.

5. I tried a bunch of strategies and trading options, but the loss always exceeds the profit. I believe that you can only trade currencies with a lot of money, and all attempts to play on a cent account always end in failure.

And the positive feedback from traders about working on Forex is the opinion of those who have not yet lost their money; in my experience, they simply still have everything ahead of them.

Den.

6. I definitely want to say that in order to earn money you need to study and study again, there are no super advisors or 100% correct indicators. On average, my income is no more than 25% of the deposit amount with which I trade, month to month.

True, there are quite a few people like me, 90 percent lose their deposit in the first days.

I think that the main task for the first six months is not to earn money, but at least to save it. Happy trading.

Evstropov Evgeniy.

Based on reviews of Forex trading, it is clear that in order to start earning a stable income, you must first devote several months to study, and after that no one will give you a guarantee of earnings. To trade successfully, you must have an analytical mind, patience and strength of character.

But there are no exceptions to the rules; I personally know a trader who has been able to receive 200% profit every month for six months now.

When reading reviews about Forex trading, you should not put everything on yourself; trading is such a delicate activity that you can only check how good a trader you are in practice.

On my own behalf, I would like to add that those who want to make money on Forex will earn money, the main thing is not to spare their time and effort on training and training.