Is Forex reliable?

[Richard0]

Forex isn’t reliable for all because not all traders have the required level of expertise to trade in Forex. The higher the technical and fundamental knowledge is, the higher the return is. What do you think of it?

 

[Oscar_0]

Forex is a reliable profession for you if you have a tested and proven trading strategy that gives more profit.

 

[stoch]

The reliability of forex trading depends on various factors, including the trader's skill, strategy, and the broker chosen. The forex market itself is legitimate and operates globally, but it's crucial to select a reputable broker regulated by financial authorities like Exness or Hotforex (preferably FCA regulated entities). Success in forex relies on a trader's ability to analyze the market, manage risk effectively, and make informed decisions.

 

[Jessie]

Forex isn’t reliable for all because not all traders have the required level of expertise to trade in Forex. The higher the technical and fundamental knowledge is, the higher the return is. What do you think of it?

Forex trading demands substantial technical and fundamental knowledge for success. Inexperienced traders may struggle due to market complexity and volatility. Greater expertise generally leads to better decision-making and higher returns. Continuous learning and skill development are crucial for navigating the forex market effectively.

 

[tamaa]

it will all depend on you really and how much time u r willing to learn trading, its not easy, i have been doing it since 2011 tbh, but it does have good money.

 

[billi]

It is just like learning a new language so you can learn if you devote your time for it.

 

[FXO_trader]

As a market, forex is reliable. But it is definitely not as easy as everyone initially thinks. Here, as in any other area, you need to work hard and gain experience. Experience, knowledge, and a broker are not always reliable. I chose fxopen because I seem to have experience, but I need to choose a reliable broker.