Decub

Much earlier before now, Forex was mainly seen as an institutional investment where it is believed to be a business of banks and the likes. Currently, it has turned to that with a lot of players in the industry and many more coming into it. Sometimes I feel that these big players influence the market too.

It requires trust and a lot of it. You don't just have to start it up or input some degree of trust to just anyone. In the real sense, you have to know and believe in the person you want to put a trust of your money in his care. It's a nice way to invest though but then, requires more of trust.

Having a lot of indicators can invariably confuse a trader on which to use. Success doesn't come by mere packing indicators in your chart. Though one indicator can be lagging, a couple of it is just fine for any trader to make profit from. It doesn't really matter much of how many of it you have but how many of it you can manage.

There could just be some very vast definition to the business when it comes to what the business Forex is all about. Forex is an acronym for Foreign exchange which is a business that is all about trading in Foreign currencies. Here, the trader aims to buy at a low price and sell at a higher price. That is majorly the concept of Forex.

I prefer 1:100. In most of my trades, I go 1:100 to avoid the high risk of losing huge when investing or trading with high leverage system. Leverage is like a two edged sword and should be handled with care. No matter the level of progress or success I tend to see with Forex or my analysis, I still try as much to go very low when it comes to choosing a leverage.

@euro, you should also not forget that not all site are indexed by search engines. Others which are indexed may not have a good page rank in the search engine. But then, I think investing.com is always a good place to get some economic data. Also some US based site that looks into their economic data can give such result.

Personally, I like my deposit and withdrawal means to be through regulated payment processors. Even before the shutdown of LR, I rarely believe in the unregulated payment system as I feel they mostly fail when you need them most. I would rather invest in a payment processor I can put some degree of confidence in that it will not fail.

Most brokers these days offer it and I doubt If there is any that don't. What the trader simply needs to do is to know how to trade in the Demo account. Demo trading is quite essential for all traders as a means to start up trading without wasting much of your own capital. That is basically where the essence lies.

Bonuses no matter how they come are still par try of money. No deposit bonuses help a trader to earn and no matter the conditions the brokers might place in it, can still accord the trader a chance to earn. Trading requires just skills and experience and whoever that has this will prevail, not minding the conditions of it.

I am one of those who used to believe that Forex is mainly for big financial institutions. It wouldn't even be out of place to assume it to be so because before the early 90s, it was something that was associated with the banks and may be hedge fund managers. But as more and more players gained access into it, it has turned to a business anyone can do.

Provided it's an online business, other is prone to scam. Scam is something that has eaten so deep in any online business and Forex is no exception to the rule. Trading in Forex is lucrative and people take advantage of it. Even though it is through robots, they are all scam and software is a very easy way to scam people with Forex.

Leverage is a system in finance or Forex which offers you a chance to increase the value and worth of your money or trading capital so as to help you earn more. In the real sense, your capital may not have gotten to that level of profit but with leverage, you can. It is a two edged sword which can make or mar a trader.

Stop Loss is a necessity but not a compulsory thing to use. The trader who wants to make use of it should also realize that one thing is setting Stop Loss and another is getting it right. There are those who their stops always get hit and they prefer to manually monitor their trades. In that case, I think they are better off with manually watching the chart.

A lot of things are worth considering before a trader ventures into Forex. More of these things are If he is capable of handling Forex. Honestly, the business is not for all and it's not everyone that can make money out of it. There are those who can't simply trade in Forex and manage the risks involved.

@alam, you need a wide stop loss when you will leave your position floating for a long period of time. On the other hand, when you are a short term trader, there is no need having such wide stop. Setting Stop Loss depends more on your trading strategy and skills and I think, it should determine the way you set.

Sometimes I really think that certain brokers hype the potentials of Forex. Even though Forex is so lucrative of a business, there are times the brokers make it sound so good to be true that the traders get engulfed in it. This most times even lead the newbie to believe that all their financial problems are solved with Forex.

There are a lot of things to Forex than the average newbie knows. Forex is not an easily accessible zone where the trader hopes to make whatever amount of money he wishes to make without knowledge. Yes, choosing a right broker determines your sustenance because no matter the level of knowledge you have without a good broker, it will only waste to scam.

But it's not everyone that can manage other people's account. It requires a lot of skills to control huge funds that are owned by other investors. Though PAMM is opened to any trader to operate, before one can successfully manage a PAMM account, he should have some substantial knowledge of how to trade.

Another thing is also that newbies attach a lot of emotions to trade. They have that sentiment and emotional feelings to trade and it tends to affect each and every of their trade. Trading is something that we should face with some degree of seriousness and straight forward attitude rather than as a business filled with feelings.

Forex is 24/5 no doubt while the stock for my country is less than 8 hours but remember that the risk is higher in Forex. Also, in stock, you can even be an investor without trading and only enjoy dividends while in Forex, you are bound to trade or invest in PAMM which is still trading.

But there are robots you can get for less than $200. And very nice too that can make you profit. Trading with Forex robots are generally not reliable as you can easily lose with it. There is an increased tendency to lose when you trade with robots especially If you don't have that trading skill to monitor it.

Losses are almost inevitable in Forex and we won't deny the fact that they come with a lot of discouragement. When a trader loses, he feels it is something that never happened. To him, the loss would have just been averted but it comes and hardly would it be avoided. Trading in Forex requires knowledge and skills but with concentration even amidst losses.

@rexway, every one lose and the only way a trade can minimize it is I'd he look for a good one. There are account managers that can give you a reason to smile when it comes to managing your funds for you. All you have to do is simply get the right manager. For me personally, I don't believe much in the auto trading thing.

Long term traders too should have the equity to take care of that wide spread. Stop loss is an important tool as it helps the trader minimize huge losses but If he knows it will be pretty difficult for him to implement, lest, he suffers losses instead of loss.

Exactly, it's about the difference in capital. When a trader is buoyant enough to take up the responsibility of investing big, then that's what does the whole thing. In the other case, where he feels he doesn't have the capital flow, then small lot size will come into play.