Is Forex really risky?

[FXOpen Trader]

Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.

Forex trading needs to be done by us with a proper trading based plan so that the results are Good for us.

 

[justintaylor]

First of all, you need to understand that Forex trading is not a get rich quick scheme. The volatility of the currency rates makes it risky and hard to some traders who have very little or no knowledge of the market. It all depends on how good you are at reading the market and how much time you are willing to spend to learn forex trading.

 

[Disponge]

Yes, it is risky, but with a good risk management plan you can control the risk quotient and stay aware of the trends. Newbies can use strategies like risking not more than 2% capital per trade, always knowing the right entry and exit points and using stop loss to avoid losing all their capital.

 

[The trader]

Forex is really a good place to learn and earn at the same time , just you have to make sure all inevitable part of trading's.

 

[Davidfx89]

money and risk management its all about same , i feel most of the time , because we use it to avoid unfortunate risk and losses

 

[Subduplicate]

Yes. If anyone tells you that the forex market is easy to make profits from, they are selling you a dream. Any kind of financial market comes with its own risks, and loss is unavoidable. Same goes for the forex market. The forex market has the highest liquidity and volatility out of all other markets. It is also unpredictable in nature, and holds more than 2.4 quadrillion USD as its value. But, like many others have said in the thread, with time you will develop crucial skills like strategy making and risk management. With these, and consistent trading, you can make decent profits over time that will help you build-up wealth.

 

[Mojo]

Forex trading is quite risky. You may do all that is needed to make a profit, but still, there is no surety that you will be able to make profits because of the unpredictable nature of the market. You have to keep taking risks with no guarantee of making profits.

 

[Triphibious]

Forex trading is not risky, it is volatile. And volatility is not risk. Volatility is the degree and frequency of price changes in the forex market. Risk is the possibility of losing an amount of money that you are not willing to lose. So, you can say that forex trading is risky to the extent that you are risking losing money, but that is not the same thing as saying that it is risky as a whole.

 

[Bumpkin]

Absolutely! There are risks involved in all that you do in the forex market. You are supposed to use your money to trade and there is no guarantee whether you will be able to get your money back or not. If that’s not risky, then I don’t know what is.

 

[FXOpen Trader]

Absolutely! There are risks involved in all that you do in the forex market. You are supposed to use your money to trade and there is no guarantee whether you will be able to get your money back or not. If that’s not risky, then I don’t know what is.

We will have to first of all understand the risks that are present in doing our trades into the markets.

 

[Akira Rush]

Whether you are using leverage or making a transaction, or simply placing a trade, there is risk in the forex market. When the trades go in the opposite direction, leverage magnifies your losses rather than your profits. When you are making a transaction, the duration of the transaction can pose a risk. If you place a trade, there will always be a risk of the order getting filled at a different price which can lead to slippage issues.

 

[Evagation]

Yes, it is very risky. You might have heard people saying that all you have to do is buy a currency at a low price and sell it at a high price. But it’s not as easy as said.

 

[Feticide]

Risks are the ultimate reality of forex trading. You open a trading position with the hope of making a good profit and then, the market gives you a loss by making a sudden movement. I can’t think of anything financially riskier than this.

 

[EloisDavis]

You will only find it risky if you do not understand the different variations that come with the market. If you do not follow a strict trading plan or have a system to keep you grounded and focused, then you will fall for scammers. There is no quick money in the forex market. It takes time to master the craft of trading with ease. Make sure you understand the fundamentals that go with it. The main aim is to make consistent profit. There are high levels of uncertainty when dealing in the market, but they can be controlled with a strong plan and strict strategies. All you need to do is maintain discipline and stay focused on the end goal.

 

[Gibbosity]

It’s more risky than you will ever think. Sometimes you will think you are near your goal and the market will take an unexpected turn. In such a situation, if you don’t have your risk management strategy, you will be standing stagnant in the market without really knowing what must be done. This is why they say that you must never trade with an amount that you would need.

 

[Flotsamm]

Forex market is risky only for those who think of this market as a get-rich-quick scheme. You’ll have to understand that you cannot become rich overnight. You have to work hard for that. You must gather sound knowledge of the market. You must know when to enter and exit a trade. Also, a strongly backtested strategy is required for winning trades. So, do your own research. Learn about the market and its working. Practice on a demo account and then jump into real forex trading.

 

[Colossus]

Yes, it is risky to trade in the forex market. Investing in the forex market is risky only for those who think of this market as a get-rich-quick scheme. You’ll have to understand that you cannot become rich overnight. Risk is in every financial market and that doesn’t reduce your chance of winning if you have a good risk management strategy and fine knowledge of the forex market. So if you want to make money by forex trading, invest in knowledge first. Do not think about the money! When you are good with knowledge, money automatically follows!

 

[FXOpen Trader]

Yes, it is risky to trade in the forex market. Investing in the forex market is risky only for those who think of this market as a get-rich-quick scheme. You’ll have to understand that you cannot become rich overnight. Risk is in every financial market and that doesn’t reduce your chance of winning if you have a good risk management strategy and fine knowledge of the forex market. So if you want to make money by forex trading, invest in knowledge first. Do not think about the money! When you are good with knowledge, money automatically follows!

The risks that are present in the foreign exchange market are such that we have to exercise some sort of control over them.

 

[Adolpho Sandoval]

The short answer is: Yes. Forex is risky. Just like any other market, the Forex market has its ups and downs. Some traders make money consistently, occasionally and many lose their trades. Traders should know to control your trading emotions. Using right and strict stops is very important to mitigate the risks involved.

 

[Hangdog]

While trading, you have to use your real money to trade and there is no guarantee that you will be able to get it back. You have a tool named leverage that can enhance your profits. But it can do the same to your losses as well. You have to judge the movements of a market that is unpredictable and execute trades on the basis of your assumptions. If this is not risky, I don’t know what is.