Can Forex Trading Be Profitable. Some also earn by managing other people's funds or teaching forex. Evolving your own strategy comes with experience.
The challenge is finding ways to stack the odds in your favour. This profitable forex trading strategy can be seen as a classic go to strategy for day traders. Trading Forex profitably demands a high level of discipline, and a strategy helps you to stay focused and avoid emotional trading, which has proven to be the downfall of many traders.
Many forex traders will start out as enthusiastic novices, spurred on by stories of huge profits and self-employed, dream lifestyles.
For this version of the moving average cross we will be using three moving averages on the hour chart.
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The slightly longer answer is yes, trading in the Forex market is profitable but chances are you won't make any money. I'm sure you would be great at that the first day, let's give it a try, shall we? EA can not be a substitute for financial analysts in central banks and other financial institutions.