Forex(foreign trading exchange) is known the best online business.but i have different view about it.it is the best if you are experienced,skilled & easily adaptable with this business otherwise it is the most worst business in the world.it is a stressful businesses.when you are doing that you have to take pressure in many times.so i think best online business is affiliate marketing.
You have to be prepared for the long haul. If you want quick returns then Forex trading is not for you. You also need to be prepared to understand the volatile nature of trading in different currencies. What does the future hold for the national currency that you are speculating on? What announcements have the respective government or the mining/mineral sectors etc. announced? So my advice is to only invest $$$ that you do not need for the time being and be prepared to wait it out. But if you know how to do it you can make *BIG* money. I remember when Lehman Bros. fell a few years ago. I traded in the U.S. buck as it too fell. It was not long after when I traded them back and made a killing.
You are correct here. Forex is good if you know what you're doing. However if you don't know it, then you will have very big losses.
I think the best online business is going to vary from one person to another. It depends on things like your interest and skills. What may work well for one person may not work well for another.
Define what the "best" is for you. Passive income? Massive profits? Fast money? Sustainable revenue stream? What is it? Because people surely have a different definition of "best". I see that many people mention that "affiliate marketing" is the best way to earn money online. I DISAGREE. Because it's hard enough to drive traffic and often times, you will have to wait 30 - 60 days for the commission to be cleared. And if you sent some shady traffic, you can get permanently banned and all the revenue you earn will be forfeited. What's the best FOR ME then? Resell Fiverr services to forum users. That's right. Pick a Fiverr service that you see in demand. Write a good copy. Make a simple landing page. That's it. You will earn money directly to your Paypal account without having to wait for 30 - 60 days and pray the commission is cleared.
Even if you know what you are doing, 90% of the people fail to cash in with Forex. It's a very dangerous niche. If you don't have a couple of bucks to start with DON'T TRY IT!
For starters I don't think you will benefit a lot from Forex, not unless you'r in Forex for quite some time now. People may lose a lot of money if you are not yet an expert and its too risky I guess.
It is extremely high risk, I do not recommend for anyone other than the most seasoned with money to burn.
It's funny that the people who chose to give you advice also have previous threads asking for how to make $15 a day. You need to take everything you hear here with a grain of salt both positive and negative...
And HOW do you know that? Are you a trader? Or are you someone that is just blowing HOT AIR? If you are a trader, how about SHOWING us sanitized copies of YOUR TRADING HISTORY showing that you DO know what you are spouting off about? If you are NOT a trader, how about posting FACTS instead of OPINIONS?
It all depends on your level of investment, everything is investment and you have to be prepared to win and lose. Although I consider it one of the best ways to win the bag
It is not a business,Its a bet when you invest it once it totally depends on your luck.Because Business is something where you invest some and you know that its the least proffit i can get from this business.But in forex you can invest a lot amount of money but you dont even know how much can you earn.so its not a business its a bet.
I swear... every time I look at this thread I absolutely CRINGE!!! For starters, YES someone can make a lot of money in investing in Forex and the Stocks/Options. Sometimes that money is made quickly. Sometimes that money is made slowly. However, in ALL instances it is made by people who know what the f^ck they are doing. And to know what f^ck you are doing when investing it will require you to take the time (a LOT of time) to research research and research. While I don't know anyone in this thread I am willing to bet (safer investment than stocks or forex) that most people here have MAYBE read one article trying to figure out what forex is and never actually had a strategy or invested a dime. I think in threads like this your replies should start with "Hi I'm Jane. I have X years experience trading forex. I have invested X dollars and my return is X. Here is my opinion...". Most of you think Forex is a name of a business lol.
Yes, Forex is the best online business. But I run another business which is to make android applications by using clone script. This business is the best alternative if you have highly technical skills in coding.
Now I am REALLY confused. First you state that Forex is best, then you state that android is best. Makes NO SENSE whatsoever. How about telling us WHY and HOW they both can be best?
Forex requires a lot of market experience to be successful as a career. I would suggest against going into forex with any significant amounts of money. Trading forex without market knowledge or research is no better than gambling at a casino.