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Do People Really Make Money In Forex Trading As They Claim? - Business - Nairaland

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Do People Really Make Money In Forex Trading As They Claim? by Tekrify(m): 11:24am On Mar 25, 2022
So we must one way or the other heard about forex and know a thing or two about it...

I remember last year when a lot of my friends on whatapp as wells as some whatapp TVs boasting about crypto being the future ..presuring people to join forsage and the likes..insulting those who save in banks instead of buying coins ..bla bla...
Now after the massive dips experienced recently everybody seems to be calm now. Lolcheesy

A lot of those who update their status with several binance screenshots and future trades have switched to Twitter savages and comedy..(am one of them) grin grin ..now not much is said about crypto..

Anyways...another way to make money online is forex trading.. And am still being pressured to learn from people claiming to teach for a fee....though I have other plans to do freelancing instead..but I don't want it to be like am missing a golden opportunity by not learning forex instead..

. I know some people who learnt to significant level..they filled their phones with MT4, MT5 ,etc but aren't trading with their real money or making shit out of it...maybe thy are not serious..who knows..

The real question to those who trade the forex market, or you know people who are into it..or u generally know what it about...

Do u really think everyone or most people who seriously venture into forex trading actually make a lot of money from it...please share ur ideas about forex trading..

I kinda think those who want to teach the whole forex trading make their own money from the training fee not the trading it self..(I may be wrong).. Please share ur idea about forex trading

Mods..front page please..

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Re: Do People Really Make Money In Forex Trading As They Claim? by rickpat(m): 11:51am On Mar 25, 2022
if they are making all that. . do you think they will tell you?...they only tell you cus they need you to invest so they make money from your investment...when it crashes..you lose,they don't.. story tellers

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Re: Do People Really Make Money In Forex Trading As They Claim? by SportsHD: 12:22pm On Mar 25, 2022
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Re: Do People Really Make Money In Forex Trading As They Claim? by temydee(m): 12:43pm On Mar 25, 2022
Forex trading is a good and lucrative business. However, it's only meant for those who have some spare money to 'throw away' just in case...
Usually, I don't always recommend this kind of online business for an average Nigerian. Instead, I do encourage average Nigerian youths I come across to venture into any viable freelancing business. In today's world, offering digital skills as services is 1001% reliable.

Unfortunately, most people who claim to make money in forex or crypto are noisemakers. Hence, be guided properly.

Bottom line - If you are rich and have some spare money to risk(jo gelede smiley), then venture into Forex trading. If you ain't rich yet, then I will strongly advise you to venture into freelance or selling of products/services whether online or offline.

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Re: Do People Really Make Money In Forex Trading As They Claim? by Amely: 2:48pm On Mar 25, 2022
Cryptocurrency is a currency mainly used on the Internet. It’s called ‘crypto’ because it uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Cryptocurrencies USDT are created through mining, this being a process that is done by computers which solve specific complicated mathematical equations and create blocks.

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Re: Do People Really Make Money In Forex Trading As They Claim? by BlaqFaze: 7:47am On Mar 26, 2022
Most retail traders lose money...the normal everyday traders are the ones making banks rich.

Banks and other big institutions including whales are the ones making money from trading

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Re: Do People Really Make Money In Forex Trading As They Claim? by VlamesIffect(f): 7:18pm On Mar 26, 2022
Just like any business or skill or even school.... there is a learning phase that must be gone thru...
There's no shortcuts.... people can spend years going to school...but one to come & hammer in one month in forex...it doesn't work that way....my advice is start trading as a side hustle...with time if you have the resilience you'll start to be profitable....then and only then does it become a source of income notice i didn't use the word "steady".... As a business you should have multiple streams of income....
Re: Do People Really Make Money In Forex Trading As They Claim? by Nobody: 7:40am On Mar 27, 2022
temydee:
Forex trading is a good and lucrative business. However, it's only meant for those who have some spare money to 'throw away' just in case...
Usually, I don't always recommend this kind of online business for an average Nigerian. Instead, I do encourage average Nigerian youths I come across to venture into any viable freelancing business. In today's world, offering digital skills as services is 1001% reliable.

Unfortunately, most people who claim to make money in forex or crypto are noisemakers. Hence, be guided properly.

Bottom line - If you are rich and have some spare money to risk(jo gelede smiley), then venture into Forex trading. If you ain't rich yet, then I will strongly advise you to venture into freelance or selling of products/services whether online or offline.
what kind of frelancing can one venture into

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Re: Do People Really Make Money In Forex Trading As They Claim? by temydee(m): 2:07pm On Apr 02, 2022
francisgodstime:
what kind of freelancing can one venture into

You can venture into writing articles, sales pages, and so on for companies, etc. This is one of the most sought-after soft skills right now. So many companies and individuals are after competent writers. Take advantage of this by honing your writing skills. Then sign up on the most popular workplaces to apply for jobs.

Here's a list of some of the best workplaces to apply for jobs: https://temydeedigital.com/blog/best-work-marketplaces-to-find-freelance-jobs/

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Re: Do People Really Make Money In Forex Trading As They Claim? by AlphaTaikun: 4:59pm On Oct 08, 2022
SportsHD:

You should master your craft. Choose crypto trading or forex and master one of them.
As long as there's still internet, trading would still be going on and people keep winning everyday.

You can doubt anything, don't even doubt crypto.

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