Tips

Is Forex trading worth it?


Most U.S. investors who are trying to grow their retirement money do so by using mutual funds or occasionally selecting individual stocks.

Comparatively few of these know much about the Foreign Exchange market (Forex) or think they should trade currencies.

But the truth is that the Forex market is for anyone. It hasn’t always been this way. Historically, only large companies and institutions, banks and very wealthy individuals have been able to participate in the forex markets.

But modern trading systems and ubiquitous online access have changed this dynamic and opened up forex trading to everyone.

In countries where central banking policies generate negative interest rates, individuals must struggle with paying fees to keep their money in a bank account (paying rather than receiving interest).

Such individuals have been drawn to the forex markets to find ways to mitigate these costs.

The Forex market is the world’s largest market by far, and the most liquid anywhere. That means you can more safely get into and out of the positions you want. It also has other benefits not available to those who only trade in stock and options.

First, the Forex market is open 24 hours a day for 5 days a week.  What this means is that Forex traders don’t have to suffer any crazy losses because they were in an investment that opened up much lower than it closed the day before.

forex trading worth it

There is no “gapping” from one day to the next.  If something is announced and prices start to move quickly, the market will often trade through your stops, and not skip them, thus saving you money on an exit.

Second, the Forex market provides for significant leverage. In some cases and with some forex brokers, this leverage can be as high as 100:1 which means $1,000 invested will trade like it’s $100,000.

This makes it possible for even smaller accounts to generate significant dollar returns compared to anything the stock or options market could provide given the same percentage move.

Third, the Forex market is quick-moving. For people interested in making a lot of money fast, markets that move faster and provide better leverage are the best choice.

Quick-moving markets can act like a three-point shot in basketball. While they might be harder to make, if you can make such shots the extra points can really swing the game in your favor.

Many traders are scared of volatility but those who understand the game love the increased volatility offered by the Forex market because it means more opportunity. As long as the trader has the emotional discipline to cut their losses short and let their profits run, the Forex market is the perfect place to be.

Fourth the Forex market is decentralized. That means there is no market maker to play insider games or manipulate the market in ways that cost you money.

how trade forex

Fifth and finally, the Forex market trades currencies based on the economies of major economic regions (such as the U.S. and Japan) which means expectations about GDP or economic signals affect the price, not the poor decisions or antics of company leadership.

This reduces the risks outside of your control and makes it simpler to track and profit from the news and reports published by the countries whose currencies you trade.

If you haven’t already started to look at the Forex market as a great place to help you grow your accounts quickly, consider it. While the terminology might be new and it might feel intimidating, tools such as Wiseinvest make it so much easier for you to get successfully started in Forex.

Our AI has been backtested on 13 years of historical data, in order to find the best strategies for live trading in forex.

Over the past 4 years, our AI returned over 38% a year and it’s expected to generate around 42% in profits this year of 2020. If you worry about your financial future or wonder if you’ll ever be able to achieve full financial freedom, you owe it to yourself to explore the Forex as a possible investment vehicle.

The best way to trade forex

There are two ways to invest with our AI in forex:

1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.

automated trading with ai bot

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open an account.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account and you can monitor the AI trading performance directly on our dashboard.

2. Manually with AI-Signals.

Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5 and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.

There are five unique variables for each AI signal, and each must be copied exactly, in order to match the performance of the signal as close as possible.

Each AI signal alert consists of the following five data points:

  • Symbol (forex pair)
  • Direction (long or short)
  • Position size (number of units or lots)
  • Take profit (price level to exit with maximum gain)
  • Stop loss (price level to exit with maximum loss)

You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a Professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.

When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate or change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. The forex broker Fxcm warns that 69.66% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.