Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

The vast majority of retail client accounts lose money when trading CFDs.

You should consider whether you can afford to take the high risk of losing your money.

Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail client accounts lose money when trading CFDs.
Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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Is forex trading profitable? | Make Money on Forex

Forex trading is no doubt a lucrative business. This is because, in forex trading, there is no limit to the amount of wealth the trader could make. Losses only come in when the correct trades are not taken. However, with the accurate predictions made, the sea is endless to possibilities for wealth creation through forex trading.

Through forex trading, one can quickly become a millionaire or even a billionaire in dollars. Many have achieved this in the past and some are in the process of achieving this such that it is never a myth.

The forex market is a trillion-dollar market with over 7.1 trillion traded daily. This means people could earn millions and billions from the forex market.

The forex market could be profitable when traded the right way using the correct trading tools. By making proper fundamental and technical analysis that helps one predict the market's direction, trading becomes very easy.

How to profit mainly from the forex market

To ensure that one remains profitable in trading the forex market today, we have highlighted some essential factors necessary to maximize profits.

  • Learn how to trade: The primary reason people lose money in forex trading is their lack of knowledge of the basic principles that move the market. This leads them to make the wrong decision often. Proper training equips the trader with all the information about the market. All this market news makes it easy for a trader to decide when to buy or sell.

  • Study the charts well to know when to buy or sell: the market movement charts are a key factor in technical analysis. The charts show how the market has moved in the past and help predict the next direction the market is set to follow. Charts are indispensable tools for deciding when to buy or sell.

  • Do not over-leverage: Over-leveraging means taking huge lot sizes above one's balance. This is very risky and can blow up one's account if the market goes in the opposite direction.

  • Set profit-taking targets: A trader must know when to take profits. Often the market reverses on hitting certain resistance levels. Therefore, a trader must set his "take profit" target at crucial resistance levels.

  • Choose a well-regulated broker: Choosing the right broker makes trading fun. With a well-regulated broker, one is sure that his capital and profits are secured and withdrawn. ATFX has been identified as one of the best brokers in the forex market today.
Last Updated: 28/03/2022

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


 

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