Answers.com > Wiki Answers > Categories > Business & Finance > Investing and Financial Markets > Currency Trading > Foreign Exchange (Forex) > Is foreign exchange trading profitable?

Is foreign exchange trading profitable?

In: Foreign Exchange (Forex) [Edit categories]

Answer:

Many people find it to be profitable and eventually quit their job to trade full-time. However, there is risk involved in forex trading and it is easy to lose money too.

Do not trade on real money account before learning the basics of Forex trading.

Do not trade on real money account before choosing the right broker which doesn't play against customers.

Do not trade on real money account before training on demo account.

Do not trade on real money account before you have your own Forex money management rules.

Contributor:

Alexander

First answer by Forexpros. Last edit by Alexander Collins. Contributor trust: 2 [recommend contributor ]. Question popularity: 2 [recommend question].

[report abuse]

Sources and related links: [Edit]

Can you answer these Foreign Exchange (Forex) questions?

	What are the risks involved in foreign exchange market?	Answer it!
	How does singers help Jamaica to get foreign exchange?	Answer it!
	What are the differences between foreign exchange market and equity market?	Answer it!
	What is foreign exchange operations?	Answer it!
	What is foreign exchange regulations act how it helps to control the foreign exchange flow?	Answer it!

Relevant answers:

What is foreign exchange trading?
Buying and selling foreign currencies. Speculators take advantage of fluctuations in FX prices to make a profit.
Who would use foreign exchange trading?
Foreign exchange trading is done on the foreign exchange market and allows for conversion of currency. Participants include banks, corporations, and speculators.
What countries offer foreign exchange trading?
Most countries will offer foreign exchange. Countries like Australia and USA offer good deals. Although they accept students, some students from other countries may experience racism.
Can you do foreign exchange trading?
Trading the foreign exchanges is not for novices. It requires knowledge, guidance and resources to know what you're doing. Forex is a site that has videos and information for all skill levels to help...
What company will be most successful in helping you with foreign exchange trading?
forexfraud.com is an excellent resource for information on foreign exchange trading. It not only lists scams and fraud brokers, but legitimate businesses as well.