Do you think Forex trading is safe?

Discussion in 'Forex Education' started by SweetPrincess, Jul 28, 2017.

  1. Ervin Samue

    Ervin Samue Trader

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    If you visit any forex related website (blog, broker, news or bonus site) they already said that: risk warning or high-risk warning.
    You can guess from here that forex trading is high risky! Yes, forex trading is that. Your capital is always at risk. So you need to prepare for fast to start it.
     
  2. BitcoinKong11

    BitcoinKong11 Newbie

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    Forex is definitely high risk.
    Demo until you are consistently profitable

    And never trade with money you cannot afford to lose.
     
    Last edited by a moderator: Jan 19, 2019
    Helloyees likes this.
  3. Mary Z

    Mary Z Trader

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    Correct
     
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  4. CharlesMarcus

    CharlesMarcus Newbie

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    Everything will depend on the point of view of each person.
     
  5. ShaguftaT

    ShaguftaT Newbie

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    I think one factor which people often misunderstand and which makes forex risky is 'leverage'. Leverage offers a person to place a trade of higher amount with a lower investment. For eg: if the leverage ratio is 10:1, one can place a trade for $1000 by investing just $100. However, sometimes choosing a high leverage ratio turns out to be very risky as one can lose a huge amount of money if they place a wrong trade.
     
  6. Helloyees

    Helloyees Trader

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    Forex trading is risky, but that does not mean that its not safe. What really matters is how well you trade and how much risk management expertise you possess. The bottomline however, is your trading discipline. You can know everything about how you should trade and manage your risks, but without trading discipline, you can not succeed
     
  7. new digital

    new digital Master Trader

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    forex is risky because of too many scams to make it safe from brokers.If brokers go bust , they run away with trader's money.

    The $430 million in bad debts of customer money


    https://en.wikipedia.org/wiki/Refco
     
  8. Oswald

    Oswald Trader

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    For experienced traders, trading Forex is safe as they know how to keep risks under control and avoid unnecessary losses. For new traders, it is very risky, as they still need to learn how to trade successfully and how to apply properly risk management tools
     
  9. new digital

    new digital Master Trader

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  10. Sforextrader

    Sforextrader Active Trader

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    Yes, I think! Forex trading is safe between crypto, CFD and others trading. BUt you have to remember trading is highly risky!
     
  11. Sarn642

    Sarn642 Trader

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    No I do not think so it's one of the most scammy business on the planet earth probably very close to something illegal like drugs or something cause you may see how many scams going on with very different brokers. Research the question deeply.
     
  12. mandy828

    mandy828 Newbie

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    Yes,it is safe.Although the risk is high but manageable. Risk is in everything as you know. One can find difficulties initially but may be with the help of broker one can learn to trade.
    Also, you can consider following points while trading in Forex that are:
    • Calendar of events
    • Forex Websites
    • Read news carefully
    • Use of limit order and stop loss.
     
  13. larry_009

    larry_009 Newbie

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    Trading or speculating of no form is safe. It comes with one or the other risks attached. The same goes for forex. Mastering yourself at risk management is the only way you can tackle the risks involved in forex trading. To be safe with what you are trading, be sure that you trade with a reputed forex broker. Don’t just go behind masses and select a broker. Be sure of your trading strategy to minimize the risk involved. One way to deal with this is to practice the strategy on a demo account first. Forex will only prove to be safe if you take all your trading decisions with utmost carefulness. Random decisions will definitely put you in danger.
     

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