Question
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Is forex reliable?
10 Answers
<p>Forex is full of misconceptions indeed. Many novice forex traders coming into the FX market are exposed to very smart marketing techniques. These techniques tend to produce fairy tales around very logical concepts. They are designed to make Forex industry very attractive by promising the impossible. Among many, the income expectations in the retail FX market are seriously overdone.</p>
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<p>For the most part, Forex trading is not “investing” in the sense of buying a position and holding it for the long-term. You’re buying one currency pair against another, in anticipation that one currency will become more valuable than the other. For example, if you’re going long on the EUR/JPY (euro/Japanese yen), then you’re buying euro with yen in anticipation that the euro will gain value against the yen. If you go short on that pair, it has the effect of buying yen with euro, in anticipation that the yen will gain more.</p>
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<p><br>If by reliability you mean consistency in profits, then the answer to that would be dependent on your knowledge of how the market generally works. How to predict the trends and how to make profits off them. Coming to the second part of your question, to learn the basics, you can take up the pipsology course on babypips, that’s what I did.</p>
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<p>Innocent individuals have been exploited by fraudulent individuals and bogus companies using Forex. The first step to a successful Forex investment is to research the trading companies and websites you are going to invest in and verify their legitimacy before investing your hard-earned money. Money lost to Forex is very difficult to get back, it takes deep forensics and analysis to do so, this might require experienced international lawyers and also expert companies like E-Assets Retrieval to do so, I would advise due diligence before investing, and lastly, do not invest a significant sum of your savings with any Forex …</p>
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<p id="isPasted">Yes, forex trading is real</p><p>Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the forex market.</p><p>Forex trading is a legitimate way to make extra money. And there are two ways to it, it’s either you get involved and trade personally or you get a trading firm, and its important to know how to identify a legitimate forex trader, investing in forex trading would be the smartest decision of your …</p>
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