yes it cud be profitable ,,
depend on the foreign exchange policy on the country,,,
n for the good returns it depend on the money u invest
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Forex trading is only profitable for the big dogs because forex is a zero sum game, which means one loses and other earns.

I have made upto $300 in one day and lost upto $1000 in one day. My broker is FXsolutions Australia.
References :
http://nse-trading-calls.blogspot.com/

trading forex can be profitable but only if you have the right knowledge, experience and or strategy. you may earn as much as you can but you may lose a lot as well. as risky as it is, it is not for the faint of heart nor the impatient. if you're interested then start doing your research. download ebooks and trading demos. understand, practice and analyse your deals. the site below is full of reading materials and tools for trading forex. you may download a free ebook and demo account to start with. all the best.
References :
http://www.optionforex.org

Forex trading, like any investing method, is risky. You can earn money and lose money. Forex trading is more difficult than stock trading, for example, because one can analyze a lot of quantitative data (balance sheets, news, etc.) on a given company. But unless you specifically know how to analyze forex charts, it can seem like you have a 50/50 shot and guessing whether a currency will go up or down.

When I started trading in forex, I made sure to learn all I could before I used real money. This was a good place to start: http://www.forexpros.com/education/

Here you can read beginning articles, watch 101 webinars, and learn all about forex trading before you do it for real. It can seem complicated, so learn as much as you can before you start risking your money.
References :
ForexPros.com — http://www.forexpros.com/education/

If you trade properly you can make 1% profit on a daily basis.
Check the videos on http://www.free-forex-ebook.com/ to learn more.
References :
http://www.free-forex-ebook.com/

Forex trading is a high risk high reward investment. With leverage of up to 400:1 you could double your investment in a single day and wipe out completely the next. The trading method and style you use along with your risk profile will determine just how much can make. The only true way to determine this is to begin trading and keeping accurate records of your profits. Some of the better traders make around 7% per month because they only commit a small percentage of their capital due to the volatility of the market.
References :
http://www.forexlane.com

try this very useful page
http://www.shopblogger.info/forex.html
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Can it be profitable, yes. Very. But keep in mind it is not something you just start trading one day for the heck of it. It has taken me over 3 years of demo trading to figure out a way to make a profit on a daily basis. I invested 50,000 (real not demo) and in 1 month had taken out a profit of 50,000. Right now I average between 2,000 to 3,000 per day. It is exciting but if you get greedy you can loose a lot of money very quickly. One month I had made 70,000 and lost it all in one day, so I had to start all over again just for being greedy. I use FXCM.com but there are many companies out there find one you are comfortable with and trade as many demo accounts as it take to make yourself money. Good Luck
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Me, Daily FX trader – from $30,000 per year working a front desk at a resort to over $600,000 in one year.

it is, depend on you and learning process

forex trading system
http://forex—-trading.info
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Yes its profitable. Forex trading is where the big money is for traders, but the Forex currency market can also be a place where you can lose a fortune if you don't know how to approach it right. Making a profit at Forex trading takes many different factors going the right way, and requires a great system and smart investing.

Therefore look for good brokers like Finexo.com (recommended as i am also using them), Saxo bank, Etoro etc. Also develop proven strategies that can make you earn profit.

If you are looking for some forex updates, here are some links:

My broker: http://www.finexo.com/
Technical Analysis: http://forexmoneymaker.blog.com/
Fundamental Analysis: http://forextradingguru.blogspot.com/
Forex Concepts: Babypips.com

Hope these help you.

Regards
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