Sumber Lobak Merah
Is Forex Trading Profitable?
Is Forex trading profitable? This question has been debated for quite some time. This is due to the fact that many investors haven't had the success trading Forex they had imagined, and their experiences have cast a shadow of doubt on its viability as an investment choice. However, for a market that trades around $5 trillion daily in volume, it stands to reason that there are traders profiting from Forex, otherwise, the Forex market would have become unpopular and faded out. The question to ask then, is not if Forex is profitable, but how to trade Forex profitably and how to be consistently profitable.
In order to have any chance of making profit in Forex, you first need to understand the market and the factors that are important for success. Is Forex profitable? It certainly can be. Below are three important factors to consider if you want to trade Forex profitably.
Is Forex Trading for You?
Forex is undoubtedly a high-risk market. As the risk is high, so is the potential for Forex profit. The most important question you should ask yourself is whether you have the appetite for risk. Not all trades will result in a profit and you must be prepared for losses.
Start Trading
How to Profit from Forex Trading in 2018
Answering a question about Forex trading profits is rather simple. To trade Forex and achieve profits with this, you need to buy low and sell high. This is one of the best things about the orex market, as you can easily not only purchase the assets, but sell them without owning them.
Of course if profitable Forex trading was that easy, there would be millions of online traders making large sums of money every day. In fact, the situation is quite the opposite. Most Forex traders actually lose money (find out why they fail and lose money) and it is quite a challenge to start profiting with Forex. Let's take a look at the practical steps to help you understand how to make a profit in Forex trading.
Are you ready to keep going, even after a string of losses? Even the most successful traders make losses from time to time, so, if you don't think you can handle it, Forex probably isn't for you.
Like any other type of investment, Forex trading has its inherent risks and potential for profitability or loss and knowing how to mitigate these risks goes a long way in determining your own Forex trading profit or loss. Sometimes, people get carried away by the success of someone else who made Forex trading profit and throw in their money into the market without first finding out how the profit came about.
Invest Wisely
Get a good understanding of the basics of how the market works and if there is anything you are uncomfortable with, don't trade it. This applies as much to Forex as it applies to any other business.
If you feel you've got what it takes to trade Forex, go for it – but a word of caution here: trade with risk capital only (money that you can afford to lose without it affecting your living standards).
Also, it would be wise to ensure that you have other types of investments going. Ideally, Forex shouldn't exceed more than 20% of your entire investment portfolio.
Have a Trading Strategy
Trading Forex profitably requires that you employ a definite strategy. There is no right or wrong way to trade, rather what is important is for you to determine the one you will adopt. Sometimes, you'll find out that a trading strategy will work well for a currency pair in a given market, while another strategy will work for that same pair in another market or set of market conditions.
Trading Forex profitably demands a high level of discipline and a strategy helps you to stay focused and avoid emotional trading which has proven to be the downfall of many traders. Evolving your own strategy comes with experience. Beginners are advised to trade on a Demo Account for a while to practice and to understand how the market works. Once you have the right attitude, good risk management and a strategy that works for you, you will be closer to making profits in Forex.
