A reliable safe place to learn how to trade currency or goods?

Malthusian

dunstonh said:

I saw something recently from a platform that said over 80% of the people using it for currency trading are making a loss.

It is worth noting that most of the other 20% will also make a loss, they just haven't yet.
To make money from amateur currency trading, making a profit is not enough. You have to quit while you're ahead. Very very few amateur currency traders will do that because they haven't got rich yet. And for the vast majority, the economic law of gravity will take over before they get rich, and their profit will flip into a loss.

Millyonare

dunstonh said:

fitzykev said:

Hi is there a safe site to learn how to trade currency or goods?

I saw something recently from a platform that said over 80% of the people using it for currency trading are making a loss.

What do you mean by goods?   -  open a shop maybe?

They are pretty standard industry numbers for almost any kind of online "trading".

Know a stockbroker who talks about 90-day traders. They rock up with £1000 from a work bonus, punt it on AIM or US stocks, and lose most of it within 2 or 3 months. EToro says 79% of its CFD traders lose money. Think a recent study suggested 60-80% of Shopify e-store traders make zero or near-zero revenue.

In other words, all trading is (very) risky. It's not just currency. Shares, crypto, shops. They're all a gamble.

eskbanker

fitzykev said:

There is a guy in work and he buys and sells fruits and grains online. He never sees these goods in person tho. Apparently he is doing well at it...

Not doing well enough to make a living out of it though, if he's still doing proper work?

adindas

fitzykev said:

Hi is there a safe site to learn how to trade currency or goods?

Define reliable, safe !!

If what you mean you do not lose money then try paper account, practice account. Many online trading platforms. Many platforms allow you to do that. Example, IG, Plus500, Pepper Stone, Fidelity, eToro, trading 212,

When you said trading Goods, It seems you mean commodities, future such as tea, coffee, oil, crops, fruits, etc ?? Again, you could use paper account, practice account.

Just to make you aware of trading especially trading forex and Cryptos are very risky and people normally do not sail before they learn how to climb the rope, to navigate around the hurricane.