Mnay nigerians are familiar with forex trading directly or indirectly, but over 70% have lost their investments through trading, robots, FX managers or ponzi schemes. Yet they keep putting in their hard earned money despite the rising dollars believing that one day like Betting, they will hit jackpot.
At the end of the day brokers and scammers are cashing out.
Why are they hooked in this circus?
Greed
lack of proper education.
Poverty and unemployment
Forex is like any other profession, dont mind people telling you that within 6 month you can master forex and start churning out profits. This is a lie! It takes months or years of study, practice to master the act of making money from this ruthless market.

Secondly, forex is not meant for poor people. You can be trading with your last card on an empty stomach without a proper job. You will keep day dreaming and wasting your time and little resources.
Lastly, forex is not a get rich quick scheme. You have to have the reqired patience and technique.
Dont give out your money to a "manager" if you can not monitor his progress or control your funds.

Forex is still a very profitable business...but not an easy road meant for everyone.

Omonstarr:
Mnay nigerians are familiar with forex trading directly or indirectly, but over 70% have lost their investments through trading, robots, FX managers or ponzi schemes. Yet they keep putting in their hard earned money despite the rising dollars believing that one day like Betting, they will hit jackpot.
At the end of the day brokers and scammers are cashing out.
Why are they hooked in this circus?
Greed
lack of proper education.
Poverty and unemployment
Forex is like any other profession, dont mind people telling you that within 6 month you can master forex and start churning out profits. This is a lie! It takes months or years of study, practice to master the act of making money from this ruthless market.

Secondly, forex is not meant for poor people. You can be trading with your last card on an empty stomach without a proper job. You will keep day dreaming and wasting your time and little resources.
Lastly, forex is not a get rich quick scheme. You have to have the reqired patience and technique.
Dont give out your money to a "manager" if you can not monitor his progress or control your funds.

Forex is still a very profitable business...but not an easy road meant for everyone.

utter rubish



Forex is very profitable as long as you remain discipline and focus on your strategy



I have been trading for some weeks now and I'm already good in trading because I choose to remain discipline to my strategy

kodded:
utter rubish



Forex is very profitable as long as you remain discipline and focus on your strategy



I have been trading for some weeks now and I'm already good in trading because I choose to remain discipline to my strategy

What he said is largely true.

For new traders in the forex market, the main problem is not to engage in capital management and not to have good knowledge in trading style through capital management in the forex market, and when we talk about capital management, we will discuss the lack of extreme greed that exists, and to continue trading for a long time without major losses and to fully manage capital with a clear plan and steady plan. The plan is very strong and the daily movement of trade on the global financial markets continues, in which the risk is very large until the profit is very large

Forex is just an advanced form of gambling.
No one knows the precise direction of any currency, and please dont tell me all those technical analysis stuff, for the past doesn't determine the future.