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There are a huge number of scammers operating in the field of forex which makes forex almost synonymous with scam but it actually isn’t.
Forex trading is for real and not a scam. If you master the art of forex trading, it can be extremely rewarding. But the truth is only less than 1% of traders actually get rich with forex and over 90% forex traders lose money in long term. But this huge % of losers is mainly because
They treat forex as a scheme to get rich quick and resort to gambling instead of trading (no risk management or money management)
They have no mastery of the 3 emotions - Fear, Greed and Hope. They take no steps to master these emotions either, instead they focus on strategies, indicators, forex robots, signals and so on.
They treat forex as a part-time business, hobby or side hustle while in reality they are competing with traders who treat forex trading as a full time professionally managed business.
You can make money from forex only if one of the below conditions are met.
You have developed enough skills and temperament (mastery over emotions) trading forex in all seasons with consistent profits.
You should find or know some outstanding account managers who would manage your account for a fee. This is extremely difficult to find, especially for small accounts.
If neither of the conditions are fulfilled you may not be able to make a single penny from the forex market, instead the market would take a lot of money from you.
Forex is not about getting rich quick. It is the art of slowly and consistently growing the account balance taking very calculated risks. Consistency is the key here.
Hope this answer was insightful. If so, please give an upvote.
What else can I help you with?
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online forex trading is an ideal home business, market open 24 hours per day, 5 days per week. you can trade forex at home.
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It does not seem secure. For online ForEx: eToro, Tradestation, or WeBull may be better options.
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Trading forex is legal and for most cases is not different from trading stocks (though you should check the law in your own country). There are some firms that present themself as forex brokers and are involved in illegal activity. Check if the broker is legit before opening an account!
How safe is to do online trading?
Online trading is completely safe as long as you trade with a reputable site. Take your precautions and make sure the site is legit and has a good reputation before trading.
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ways to earn online at earnonlineways.tk are legit. really try them. tanx
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Not Really
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If you have to put money into an online job, it is most likely a scam. I know this doesn't really help, but I just wanted to keep you out of any scams.
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The legit online Microsoft store. If you wanted to get them without paying for them, sorry, it doesn't work that way.
