I know lots of people who earn money with Forex, and it really sounds and looks appealing to me, but...
It's not easy! I advise you to research a lot and when you feel confortable with all the terms, when you have set up the amount you're able to spend on trying it, then go for it!
But be aware of online scams, look for reviews of the site before starting
WIth Forex trading there are a few important things to keep in mind. First, Forex trading is highly leveraged with ratios of 50:1, 100:1 and even 200:1 depending on the broker and the size of the trade. You can make a lot of money very fast and you can be wiped out just as quickly. You have to make prudent use of stop and limit orders.
Second, the Forex market is much more volatile than the stock market. You really have to have a firm grasp of the fundamentals of Forex and of what makes the market move. That includes economic, social and political factors here and in other countries. Forex markets can change in the blink of an eye with breaking news.
Third, unlike the US stock market, Forex markets are open around the clock. As markets in the US open, the Asian markets are opening. As they close, the European market are opening.
Because of these and other things, yes, the Forex market is risky. Much riskier that simple stock trading.
Las Vegas is less risky...FOREX is a very large gamble that turns thousand into hundreds and millions into nothing.
I am too much interested in forex trading. Yes I think so that forex trading is a risky job, but a person can never get success without taking risk, you might have heard that “High Risk, High Profit”.
by ngureco6 years ago
Do Automated Forex Trading Systems Works?If They Do Generate A Net Win, Why Do The Owners Prefer To Do A Difficulty Job Of Selling Those Systems To The Public?
by kkavya22 months ago
Hey guys, just curious to know if there is any forex trader here.
by Shil19785 years ago
What is forex trading?
by kkavya8 years ago
Hi folks, Recently i posted a topic about forex trading here and i was not amused at all as everybody seems to be mad at me. They calls forex a gamble and other cynical stuff like poker. Many here have misconception...
by FAP Turbo Results21 months ago
I have started trading on the forex market, and was curious to see if anyone else did. If so, any ideas about trends for a currency pair or new strategies? Thank you, Alex.
by nilbos21 months ago
Is it ok to invest $ 10K for forex trading?account with USD 10,000 with oanda.com. However, after seeing your comments, I have stepped back and want to do a further study.Do you suggest I shoudl be doing forex trading ?...
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