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is forex the best online business?

Discussion in 'General Business' started by MD Abu Noman, Dec 13, 2016.

  1. #1
    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.
    SEMrush
     
    MD Abu Noman, Dec 13, 2016 IP
    SEMrush
  2. Spoiltdiva

    Spoiltdiva Prominent Member

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    #2
    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.
     
    Spoiltdiva, Dec 13, 2016 IP
  3. Milliardo

    Milliardo Active Member

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    #3
    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.
     
    Milliardo, Dec 15, 2016 IP
  4. danasurvey

    danasurvey Well-Known Member

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    #4
    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.
     
    danasurvey, Dec 15, 2016 IP
  5. Chad Eztraffic

    Chad Eztraffic Member

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    #5
    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.
     
    Chad Eztraffic, Dec 16, 2016 IP
  6. Elvis Wong

    Elvis Wong Well-Known Member

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    #6
    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!
     
    Elvis Wong, Mar 28, 2017 IP
    sarahk likes this.
  7. maurice.cowell

    maurice.cowell Greenhorn

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    #7
    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.
     
    maurice.cowell, Mar 30, 2017 IP
  8. wisdomtool

    wisdomtool Moderator Staff

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    #8
    It is extremely high risk, I do not recommend for anyone other than the most seasoned with money to burn.
     
    wisdomtool, Mar 30, 2017 IP
  9. sadi999

    sadi999 Greenhorn

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    #9
    Yes it's a great business which return your money with great profit.
     
    sadi999, Jul 9, 2019 IP
  10. NetStar

    NetStar Notable Member

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    #10
    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...
     
    NetStar, Jul 13, 2019 IP
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  11. mmerlinn

    mmerlinn Notable Member

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    #11
    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?
     
    mmerlinn, Jul 13, 2019 IP
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  12. David Michaels

    David Michaels Peon

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    #12
    If you are mentally and physically ready to bear a big loss then its for you my boy :D
     
    David Michaels, Jul 15, 2019 IP
  13. Juan Smith

    Juan Smith Peon

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    #13
    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
     
    Juan Smith, Aug 6, 2019 IP
  14. Thomass12

    Thomass12 Peon

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    #14
    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.
     
    Thomass12, Aug 22, 2019 IP
  15. elvinhacizade

    elvinhacizade Peon

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    #15
    never seen winning forex.ı reccomend you to look at the ninja trade program.
     
    elvinhacizade, Sep 9, 2019 IP
  16. NetStar

    NetStar Notable Member

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    #16
    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.
     
    NetStar, Sep 14, 2019 IP
  17. stephenrobes

    stephenrobes Greenhorn

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    #17
    It's really good for online business but has some risk.
     
    stephenrobes, Sep 15, 2019 IP
  18. AurelioOndricka

    AurelioOndricka Peon

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    #18
    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.
     
    AurelioOndricka, Sep 23, 2019 IP
  19. mmerlinn

    mmerlinn Notable Member

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    #19
    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?
     
    mmerlinn, Sep 23, 2019 IP
  20. mfjoneshc

    mfjoneshc Peon

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    #20
    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.
     
    mfjoneshc, Sep 23, 2019 IP