Gee Dee

Forex broker selection has now become a million dollar task. Thousands of online brokerage houses but very few of them are trustworthy. For appropriate broker selection a trader should go for regulations, experience and of course flexible trading services. I have selected ForexChief a licensed broker because it is providing me all in a combination; it is offering me regulations; safety of funds; lowest zero spread; 1:400 good leverage; mobile and tablet trading; MT4 platform with a complete package of expert supervision on 24/5 basis.

It is true that forex traders are now falling in the trap of scam brokers but it is not that all brokers are cheaters. We have to be aware while we are selecting brokers as our desired trading bridge in the forex market. Regulations can be one basic criterion that can help a foreign currency trader to pick the safe brokers. Again, a broker with good experience and reviews can also be dependable here.

Many think that only good investment will be sufficient to be triumphant in the forex market. But it is not the case. A foreign currency trader will require a good deal of trading skills and acquaintances so that he can promptly take trading decisions. And without any doubt, a skilled trader will go more than an unskilled trader no matter whether the skilled trader has fewer funds. A trader with wisdom can make best use of his time and money to secure his wealth positions.

This is an unfortunate fact that in the forex market, traders are facing scam brokers. But when we are selecting brokers we are thinking that these specific parties will work towards our benefits. However, we should go for regulations to avoid unwanted fraudulent activities created by scam brokers. And yes, forex is a genuine business. Currency exchange traders are receiving versatile earning opportunities in the forex market regularly with the help of reliable brokers, we just have to select regulated and dependable brokers.

I also think that the practical aspects of forex trading can be discussed in Universities and Colleges. In view of the fact that the basic idea of foreign exchanges and money market concepts are discussed in various investment analysis courses like International Finance; Investment Analysis and Portfolio Management; etc. As a finance graduate I have read many basic concepts regarding forex in many courses. But the practical aspects of currency exchanges are not discussed.

There is no doubt on the infrastructural riskiness of forex market. Forex being an over the counter market which facilitates currency exchange opportunities on a global platform. But there are many risk factors closely related to forex trading. So; traders need to adopt proper risk management modules to keep themselves protected. My broker ForexChief and its expert team are always there for me and I am taking guidelines of it for taking proper decisions and managing my risks carefully.

Traders in forex market are not similar in their trading objectives. But traders are now using swing, scalping or long term investment strategy as per their trading requirements. However, those who prefer short term trading horizon should try to work with scalping. I started scalping with $500 only with micro trading accounts. But it is not necessary that each trader will have to start with that amount: what amount a scalper should use dependent on his own capabilities.

Thanks for a detailed post and sharing your point of views with us. Nevertheless; I personally think that forex is a truly 24 hours market where each trading day starts with one market session while ends with another market session making forex a full flexible market place for the foreign currency traders. And without any doubt; each trader should trade according to his trading strategies and most precisely as per his trading requirements. So; what is the best trading hour for a foreign currency trader will basically depend on his own trading style.

I don't know what you are referring is actually how much appropriate or efficient as I never hear about this. Nevertheless; it is highly essential for us to choose and select a forex trading platform that can ensure us effective forex trading tools; techniques; good automated trading platform and efficient forex trading system so that we can engage in profitable trade executions for all time. But only regulated and experienced broker can provide traders full safety for their funds by providing amazing trading systems and protected platforms for trading.

Yes I completely agree with you. Forex trading is not for kids who think they can just join in this market and make some exciting move without preparation and think it will bring them a lot of money. Forex trading needs patience endurance, hard work and skill. A trader need to learn the market movement first before entering in this market and then select his trading style which suits his psychology perfectly.

Unfortunately with the development of technologies, scam brokers are starting fraudulent activities and the main reasons can be: lack of regulatory authority, absence of regulations and rules, nonattendance of monitoring influence, etc. So, only regulations can be one of the important criteria that can help us to work with safe brokers. I have chosen a regulated broker ForexChief which is offering me lowest zero spread, good and flexible leverage of 1:400, re-quote and slippage free speedy and timely trade executions, 24 hours customer care support and full safety of funds through regulations.

Forex being an over the counter market is providing earning opportunities to millions of traders today. Traders sometimes may think from where they are able to earn money and what is the process? The basic concept is to buy currency at low price and sell currency at the high price and try to get profit from the price fluctuations of different currencies. We are trying to make our investment in currencies here but not all currency pairs are appropriate for us. We should determine which currency pairs are best for our trading journeys.

Forex is a virtual trading platform where traders are receiving trading opportunities on a global floor. But without sufficient learning this world market can be a hard place to survive. For keeping this in mind; today different learning tools are on hand of the naive traders in the forex market. Forex e-books is one of these educational tools. In forex e-books; traders are able to overview different literatures on a virtual basis.

With the advancement of technologies we are looking forward to various automated trading platforms so that our trading journey can be somehow easier. With the use of various automated platforms, we can be able to trade without being present in the market. I have used both MT4 and MT5 for forex trading with different brokers. And I prefer somehow MT4 for trading in forex market with greater flexibility to use scalping and hedging.

Thanks for sharing your views. Today forex market is becoming one of the largest financial markets around the world where we traders are receiving the chances to earn money from currency trading. But without being patience and endurance we can’t think of survival here. We traders also need to sharpen our trading skills since forex is a dynamic market. For the safest side, I also think that it is good to trade with major pairs since forex is highly unstable.

Yes, I definitely think that forex can help traders to earn extra money since millions of small scale traders are getting the chances to earn some additional money if they can at least spend 1-2 hours per day on a part term basis. I am also working as a part term trader and trading with a regulated broker ForexChief. And this broker is providing me lowest zero spread; a good leverage of 1:400; re-quote and slippage free timely and fastest trade executions, expert assistance, 24 hours customer care support and full security of funds through regulations.

Thanks for sharing your views on the very basic trading element, i.e. trading account. A trading account is essentially representing the amount of money that a trader needs to deposit with his broker to get an access to the forex market. Though millions of people are now engaging in forex market, not all are similar. So; many brokers are offering versatile trading accounts to satisfy their clients’ need. Various types of trading accounts mostly available in the forex market are micro trading, standard trading and demo trading accounts.

Forex can offer greater earning opportunities to us. But it is not actually wise to come here as a full time trader if we don’t have abundant of money in the bank accounts since one of the silent rule of trading in any financial market is: a trader should come here for the full time only if he has adequate money to put here without taking too much risk. So, I think retail, small scale trader like me better to trade as part term trader and engage in trading to add extra money to my wealth.

Naïve traders are always in a need of good professional assistance so that they can at least understand the basics of forex trading at the very initial level. By keeping this in mind, many brokers are now offering expert supervision, online trading courses, video tutorials for its clientele. And it is actually good that forex market is becoming a digital world where brokers are trying to help their clientele by providing professional supervision.

Thanks for sharing your views. Trading is becoming extremely competitive at the present day since world and various prominent domestic economies are changing at a constant level. And new babies first should develop appropriate mind set and then try to acquire sufficient trading knowledge and skills since here a trader will receive numerous earning opportunities if he can survive. And yes; it is not wise to copy fellow traders blindly because each trader has its own agenda here.

Yes; I am contented with my broker's services. I am working with a licensed broker ForexChief since 2017 and I am satisfied with its trading facilities. Along with safety of funds it is offering me regulations; lowest zero spread; 1:400 good leverage; mini accounts facilities which starts from $100 investment; scalping opportunities; re-quote and slippage free timely and fastest trade executions, good bonus, free library, 24 hours assistance to all its clientele.

Automated trading platforms are being developed to help the foreign currency exchange traders so that they can engage in trading easily. And without any doubt, traders are now, using various automated trading platforms with full enthusiasm: MT4, MT5, etc. are becoming reliable platforms for the traders since they are receiving opportunities to trade from anywhere without being present in the platform. And I have a preference for Meta Trader 4 (MT4) platform.

Thanks for sharing your views and I am waiting for such threads where experienced or new baby will share their own views of forex trading. Trading is becoming somehow very hard since a trader needs to continually change his styles or methods to cope with the changes in the market. Forex is a dynamic market place where traders are exposed to high price risks and in order to be successful here traders should maintain patience, perseverance, hard work and learning.

One of the fundamental rules of forex trading is that a trader should trade that amount of money which he can bear to accept: one should take the same risk as much as he can withstand the losses. But unfortunately traders are not generally accepted this rule, especially the new traders. Forex market is an uncertain field where risk of losing money is present for every moment. So when a trader invests beyond his capacity it will weaken him. So, we should know how much risk we can accept according to our invested capital.

Trading is becoming very easy for the traders and we are now taking the opportunities of leverage. And, leverage is the chance to receive the chance of taking money from the forex broker. But it is good that traders will require a good leverage from its broker if he has short of funds. After all, leverage is the borrowed amount of money that a trader can enjoy from his trading platforms.