Gee Dee

Forex is the largest currency market in the world. So forex will remain popular until we will engage in currency exchanges. There is no doubt that forex is a highly competitive and risky market area. But these huge risks won’t make it pale as a business area. Traders will require a good deal of knowledge and skills about forex trading to become successful. And with the implementation of all skills and expertise, a trader can ensure comfortable trading life with certainty.

Forex market is a virtual trading platform where traders can exchange currencies. They always are in thirst of involving in a profitable manner. In order to engage in profitable trades, traders should acquire proper knowledge and skills about forex trading. And demo trading accounts are the professional ways to learn forex trading functionally without any financial losses and fear. Many brokers are offering opportunities of demo trading accounts so that they can utilize practical knowledge and utilize the knowledge in their live accounts.

However with the automation of financial market and digitization of monetary standards, there is a recent craze for Crypto currencies and Bitcoin is the highest paid virtual currency now. So brokers are now trying to expand their business in serving the virtual cash also. But the comparison between USD and Bitcoin is somehow unrealistic in my view point. How can we forget the real currency? Is not it too much imaginary to walk in virtual world with virtual money only! That’s why, I can suggest that you can invest a smaller lot in Bitcoin.

Forex is a highly competitive market so thinking about earning profit daily is somehow being greedy. Yes there are some traders you are making money and earning profit each day but to reach that level they are utilizing their long years’ experience and knowledge about forex trading that they have learnt in the process of trading currencies. However, it is my personal opinion that for the scalpers it may be possible to earn profit on random basis since they rely on short term investment horizon.

One of the largest financial markets in the world forex is providing numerous opportunities at different scale so that both the retail and institutional investors and traders can engage in flexible trading. However, to survive in this market emotions have to be wiped out completely. In many instances, traders face losses due to unwanted emotions like anger, frustration, greediness, etc. in forex market a professional and systematic trading system can help trader to overcome these unwanted emotions.

There is no doubt that, we are enjoying the digitization of monetary standards and we are trading on various online trading platforms. And forex being the virtual trading platform offers currency exchanges on a global platform and it is contributing to the global economy to a large extent. And being the players of largest currency market in the world, forex market, traders can engage in foreign currency trading from anywhere around the world.

There are various risk management techniques in the forex market, hedging, using stop loss, take profit, etc. are used to minimize the risk of trading. It is said that: cut the costs and run he profit. By using take profit we set the profit bar and can ensure the minimum profit so that if the market changes suddenly in a negative direction. But the use of excessive take profit can minimize your profit position so make sure you are taking right decision.

Every business has its own risk and we can’t expect to earn good money without taking any risk. However, forex the largest currency market has obviously its own criteria that make it a highly competitive and risky business to work with. In order to overcome the risks traders, investors and brokers, all the parties have to acquire a good deal of knowledge, skills and expertise so that in the unfavorable situations they can hold their emotions and comeback in a positive manner in the forex market.

Forex a potential market which is providing a great liquidity to the traders which makes forex market one of the largest financial markets in the world. As forex is a decentralized market, the greatest advantage of it: we can convert one currency for another at the most easiest way, transaction can be executed at any place and at any time, day or night. A greater liquidity, a 24 hour transaction makes forex market very appealing to the millions of people today.

I am a bit confused about what you are saying. I don’t think that earning money is that easier and we should invest in organized exchanges if we are thinking about equity market. Only centralized market is safe for investing in equity market. Previously, I was trading in the equity market and earned good money always but now, I am trading in the forex market, a decentralized market which also offers a lot of favorable opportunities to trade. I am enjoying forex trading because I don’t have to fulfill standard criteria here and being the online platform it offers virtual trading opportunities so that traders can engage in foreign currency trading from anywhere around the world and at any time.

Forex market the largest currency exchange market where numerous brokerage houses will provide numerous opportunities to the traders to earn money within short times. But the traders should not fall in the trap of scam brokers; otherwise excess greediness will be reason of their losing money. So be calm and try to remove greediness from the mind and try to evaluate the trading facilities as per regulations. Be careful while selecting broker, trade as per safe and regulated trading approach.

In today’s world, we are looking for various online platforms so that we can engage in numerous careers working from our home. I am trading both the currencies and equity. So I am trading simultaneously in both currency and equity markets. And whenever I face losses in forex trading, I wait for sometimes so that I can identify the mistakes I have made. Side by side I am trading in the organized exchanges.

Forex being the global currency exchange market facilitates currency exchanges in 24/5 days. So forex the global platform is offering numerous opportunities to the traders so if you follow systematic, professional trading approach then you won’t find less earning money, rather by each trade you will be able to gain experience which in turn will lead to better success in the future. Again, you have to be careful about taking risks at the same time since each small risks can be a reason for great loss.

We traders are here to make profit. So we all traders are always in a search of earning good profit by trading. It is easier to make small profit in doing trades normally but maintaining the profit stream with continuity is much difficult. It requires a proper understanding and aptitude about forex market and traders should adapt trading strategies as per current market situations. So you have to be very careful about each decision you make about your forex trading so that you can make sufficient earning on a continuous basis.

We traders are here to make profit. So we all traders are always in a search of earning good profit by trading. It is easier to make small profit in doing trades normally but maintaining the profit stream with continuity is much difficult. It requires a proper understanding and aptitude about forex market and traders should adapt trading strategies as per current market situations. So you have to be very careful about each decision you make about your forex trading so that you can make sufficient earning on a continuous basis.

As we all know leverage is one of the factors that we usually take into consideration while selecting a forex broker, a kind of facility it is for traders. Leverage is the effective mount of funds a trader can borrow from his broker against his initial margin. 1:3000 a high leverage: you can borrow at maximum $3000 against each $1.. But it does not necessarily mean that you will borrow the full amount. If you are a micro investor and have the capability to repay loan then high leverage is not a problem.

Broker acts as an intermediary between traders and market. Broker is a trading platform that facilitates currency exchange i.e. it offers foreign currency exchanges. Broker is an essential party that offers traders exclusive opportunities so traders can engage in successful trading. So I will say while selecting with brokers, a regulated platform should be selected. I won’t say as a trader should select this broker or that broker, you have to select broker as per own trading requirements.

There are various types of analysis used by traders in the forex market. And among them all analyses are parts of whether fundamental analysis or the parts of technical analysis. So I can’t say one of them is superior to another. Both are compliment to each other. In fundamental analysis, human analyst or robots use fundamentals order to determine the price of currencies or the exchange rate of currency pairs. And in technical analysis we use various charts, indicators, signals, etc. to predict the price.

Successful forex trading depends on various factors and attitude of traders. One of them is maintaining discipline while doing the trades. A trader should properly trade by maintaining a proper guideline. Because as forex is a highly competitive market, it may be difficult for the traders to engage in successful and safe trades all the time. By maintaining a proper disciplined manner, a trader can ensure at least timely trade executions.

No it is not that forex is a money making factory. But yes if you are able to properly manage money then you can be able to earn good money. But it will require a lot of skills and understanding about forex trading. So if one thinks that he can earn money by merely forex trading then he is wrong. In order to earn money he should adapt proper money management techniques along with good risks management tools.

Not really as it is a relative matter to answer. If a new trader is a micro investor he can go for high leverage. But he thinks that he is not capable enough to repay the borrowed money then he should not go for high leverage. Again if a trader thinks that he can properly utilize the money and is capable enough to earn good money and pay the fund, he can go for high leverage.

No, it’s your misconception regarding forex trading. Yes if you lack proper skills, aptitude and training about forex trading then it may resemble to you to gambling. As a gambler sometimes lose money while sometimes earn good money, without a good understanding and analytical ability to judge the forex market, you will earn sufficient money sometimes without any worry and sometimes you will bear losses. So it is better that you acquire at least some ideas about forex market and trading before you are thinking to join here.

In forex market I have learnt one very important fact that every moment is important and each trade is unique. If you want to compare two trades I think you will find very few similarities between them. So here learning and proper understanding of forex trading is a must. And a good analytical ability and a proper skills on financial market tools and techniques like risk management, money management, etc. can help you utmost.

I don’t know why we are opening such a thread and make discussion over it. There is no feasible comparison between real and demo trading. Demo trading helps us to gain aptitude about forex market and gather real understanding about forex trading without investing any money. That means demo trading is completely for learning purposes. While real trading is the core of forex trading, we are trading real currencies here.

Forex market is a virtual trading platform. It facilitates currency exchanges on a global platform. That’s why I prefer to trade forex. It gives traders 24 hour market, independence and floor to start as an entrepreneur with small investment. I am as a student, always prefer forex trading as it is a global currency market and I can work here with micro investment. But I must say working in the forex market requires knowledge, skills and good expertise.