Forex Is Unsafe Business?

Discussion in 'General Trading Discussion' started by Lindsey J. Crosby, Jan 1, 2022.

  1. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

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    To be honest forex is unsafe business without a doubt. Furthermore, it turns out to be more dangerous when you take it as part time job. You need to consider it important. Brain assumes a vital part in trading. When you regard it as low maintenance work, it implies you give less focus on it. You part of training to decide for trading. I began trading as a forex trader. I am currently trading with Eurotrader. It is an amazing broker providing ultra low spreads starting from 0.0 pip. Its platform does not make requote.
     
  2. Benigna Mazzi

    Benigna Mazzi Senior Investor

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    Dear friend I can not agree with you on this. I do agree forex is an unsafe business, but let me know if there is any business which doesn’t have risk factor. We need to be prepared for the risk factors before joining any kind of business. Forex is for those people who are technically well advanced and quick learner. I also trade with Eurotrader. The most I like about them is their fast withdraw/ deposit system.
     
  3. Jameson Davis

    Jameson Davis Active Member

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    Yes, I agree with you but not only forex every trading asset has a risk factor. Trading is like business traders have to take the risk for talking profit.
     
  4. Jaxon

    Jaxon Senior Investor

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    Forex transactions generally are not guaranteed or insured and are risky but traders can easily eradicate this by having proper knowledge from FreshForex broker's education center.

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  5. claus

    claus Member

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    Forex it is Unsafe Business) I was working online as a devOps - it is unsafe because of servers, fires, hackers, etc. I was working offline - laws, fees, inspector checks)
    In my opinion only knowledge will help to keep everything safe.
     
  6. jhonmason69

    jhonmason69 Senior Investor

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    While forex assets have the highest trading volume, the risks are apparent and can lead to severe losses. Investopedia does not provide tax, investment, or financial services and advice.
     
  7. Glad22

    Glad22 Active Member

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    I was going to say the same thing, nothing is safe anymore, no venture is. You just need to take calculated risk in whatever you do.
     
  8. mikenovo

    mikenovo Senior Investor

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    Forex trading is unsafe, but I think crypto trending can be even more unsafe, unfortunately, for all sorts of reasons - from shady exchanges to the volatile regulatory situation in many different jurisdictions.
     
  9. Glad22

    Glad22 Active Member

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    It's not really that bad, the only major problem I see there is market risk or systematic risk, representing the risk inherent to the entire market. Consequently you can lose money if the markets go against you, but it’s also because of this that you can make winning trades. So basically, it is what you do and how you plan your trades that matters.
     
  10. Jason@

    [email protected] Member

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    I think the major problem is the danger of uncontrollable risk which can impact the price of the currency pairs you’re trading, this is what we should worry most about in the market and manage properly.
     

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