is Forex unpredictable business?

[Crapulent]

Yes, forex trading is a risky business. It is extremely difficult to forecast the market's next move, as foreign exchange market is notorious for sudden changes, which can put traders in a tough spot.

 

[Anie]

Yes, the forex market is unpredictable due to its high volatility. However,experienced traders may easily manage & control the risk associated with market fluctuations and become profitable.

 

[TruthCrypt]

It surely is unpredictable but knowledgeable and experienced traders are able to make more accurate predictions about the market fluctuations using their analytical skills. Beginners should also focus on learning to analyse the market first in order to predict the currency price movements. You may not be able to make accurate predictions all the time but being a good market analyst surely increases the probability of winning a trade.

 

[LouBega88]

Centering on scamming, several brokers made entry to the market and they are really harmful for traders. These brokers provide alluring packages to traders so traders comb on those packages by opening accounts with those brokers.

 

[Festooned]

Forex trading is extremely risky and volatile. This is the reason forex trading is considered unpredictable. You can never be certain that the market will move in a specific direction. It is extremely difficult to forecast. This is why the majority of traders lose money in the market. However, if you keep your risk management strong, you can minimize losses.

 

[CrayonWater]

Yes, forex trading is highly unpredictable because there are so many factors that influence the price movement - politics, trade, global events, etc. The market can change rapidly, making it difficult for traders to accurately predict it.

 

[SaadBinToha]

Theoretical knowledge is of no value in Forex, so look forward to practical knowledge, which is badly essential.

 

[Svetlana Loboda]

practice is important , i know but after passing sometime we the traders lost interest , so we have to make practice step by step.

 

[Gito Dinev]

As cryptocurrencies are getting mainstream adoption, they can be traded. Ethereum, Bitcoin and Ripple are good investment now.

 

[Nayek Pichai]

A trader should go for such a broker that offers low spread, high security and high leverage. A certified broker allows new investors with handsome amount of welcome bonus.

 

[RoughCousin]

It is surely quite unpredictable and that is why we are advised to plan for the worst case scenario every time we trade. Paying attention to risk management can surely minimise the potential losses that arise when our predictions go wrong. We do get better at making logical predictions with experience but risk management should be prioritised at all times.

 

[The trader]

In Forex trading for leading a secure and profitable trading life we the traders have to choose in regulated trading broker which guarantee their client’s funds at any deposit with a wide range of trading technologies.

 

[BrunoKyle]

Yes, forex trading is a risky business because the market is notorious for constant and quick changes. It is extremely difficult to comprehend market behaviour. This unpredictability is what makes forex trading so risky and challenging.

 

[Nezami]

Managing the risk is the most demandable ability in Forex market where risk is everywhere. My trading career, many times I fallen a great loss due to lack of exact risk management . now I am studying about this

 

[Tom Latham]

the new forex trader always try to bring good amount of profit with no learning . as a result they fall a great trouble when trading in practical.

 

[Davidfx89]

New traders love scalping as it gives quick profit. And this makes them addicted to trading. But I think starting with scalping is a bad idea. Everyone should start with higher timeframe. After some experience scalping can be done.

 

[Svetlana Loboda]

having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.

 

[Crumple]

The foreign exchange market is volatile and unpredictable, but there are certain indicators and signals that can help traders predict its movements. These include economic indicators such as inflation and interest rates, as well as technical indicators such as support and resistance levels. By analysing these indicators, traders can gain a better understanding of the market and make more informed trading decisions.

 

[Oscar Shumack]

Forex is like a narrow passage for those who are quite averse to learning. Traders have to wade through the technical tools and the platform and learn on their own how to analyze the market.

 

[Siccative]

Due to the market's extreme volatility, forex trading is an unpredictable business. The foreign exchange market is notorious for its quick and unexpected changes. This is why it is known as an unpredictable business.