Hi all,
Recently I had visited one website. It was giving all the information regarding forex market, how does it work, its trading style, 24hrs open market, higher in terms of leverage and liquidity etc.etc. It was the website launched by one of the Indians only.
I had an opportunity to talk to the founder and owner of that website. It was brilliantly explained by him regarding the forex market and its excellent results on ROI. He had tremendous knowledge about it.
Now I would like to have your opinion about forex market as a tool for investment is a good option or not.
regards
From United Kingdom, Newcastle upon tyne
Recently I had visited one website. It was giving all the information regarding forex market, how does it work, its trading style, 24hrs open market, higher in terms of leverage and liquidity etc.etc. It was the website launched by one of the Indians only.
I had an opportunity to talk to the founder and owner of that website. It was brilliantly explained by him regarding the forex market and its excellent results on ROI. He had tremendous knowledge about it.
Now I would like to have your opinion about forex market as a tool for investment is a good option or not.
regards
From United Kingdom, Newcastle upon tyne
Hi there
9 views and no comments... share your opinion about forex trading and why indians are so less in numbers in forex trading.. they are not taking much interest in forex trading as in case of a stock market. While the fact is that, in forex trading, u earn in dollars, u have a high leverage and liquidity.
regards
From United Kingdom, Newcastle upon tyne
9 views and no comments... share your opinion about forex trading and why indians are so less in numbers in forex trading.. they are not taking much interest in forex trading as in case of a stock market. While the fact is that, in forex trading, u earn in dollars, u have a high leverage and liquidity.
regards
From United Kingdom, Newcastle upon tyne
Most forex traders start out looking for a way to get out of debt, or to make easy money. It is common for forex marketing to encourage you to trade large lot sizes and trade highly leveraged to generate large returns on a small amount of initial capital. You must have some money to make some money. It's possible for you to generate outstanding returns on limited capital in the short term. However, with only a small amount of capital and outsized risk, you will find yourself being emotional with each swing of the market and jumping in and out and the worst times possible.
Risk management is key to survival. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.
Some traders feel that they need to squeeze every last pip out of a move. There is money to be made in the forex markets every day. Trying to grab every last pip before a currency pair turns can set you up to lose the profitable trade that you are sitting on.
Sometimes you might find yourself suffering from trading remorse. This happens when a trade that you open isn't immediately profitable, and you start saying to yourself that you picked the wrong direction, and then you close your trade and reverse it, only to see the market go back in the initial direction that you chose.
Many new traders try to pick turning points in currency pairs. They will place a trade on a pair, and as it keeps going in the wrong direction, they continue to add to their position being sure that it is about to turn around this time. If you trade this way, in the end you end up with much more exposure than you planned, and a terribly negative trade.
Some trades just don't work out. It's human nature to want to be right, but sometimes we just aren't. As a trader, sometimes you have to just be wrong and move on, instead of clinging to the idea of being right and ending up with a blown account.
From India, Ahmadabad
33Risk management is key to survival. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.
Some traders feel that they need to squeeze every last pip out of a move. There is money to be made in the forex markets every day. Trying to grab every last pip before a currency pair turns can set you up to lose the profitable trade that you are sitting on.
Sometimes you might find yourself suffering from trading remorse. This happens when a trade that you open isn't immediately profitable, and you start saying to yourself that you picked the wrong direction, and then you close your trade and reverse it, only to see the market go back in the initial direction that you chose.
Many new traders try to pick turning points in currency pairs. They will place a trade on a pair, and as it keeps going in the wrong direction, they continue to add to their position being sure that it is about to turn around this time. If you trade this way, in the end you end up with much more exposure than you planned, and a terribly negative trade.
Some trades just don't work out. It's human nature to want to be right, but sometimes we just aren't. As a trader, sometimes you have to just be wrong and move on, instead of clinging to the idea of being right and ending up with a blown account.
From India, Ahmadabad
Hi
Thanks a lot for your feedback about forex market. However if you see the "risk factor" it is everywhere, be it even a stock market. In forex trading you just need to be rightly able to balance the risk factor and trade, then u will get it just ri8. Its a vast subject lot more to learn and earn.
It seems you have a good update about forex market though u r an HR person.
Well, I have heard many banks and big corporates are into forex market and making huge money everyday.
regards
From United Kingdom, Newcastle upon tyne
Thanks a lot for your feedback about forex market. However if you see the "risk factor" it is everywhere, be it even a stock market. In forex trading you just need to be rightly able to balance the risk factor and trade, then u will get it just ri8. Its a vast subject lot more to learn and earn.
It seems you have a good update about forex market though u r an HR person.
Well, I have heard many banks and big corporates are into forex market and making huge money everyday.
regards
From United Kingdom, Newcastle upon tyne
if u wanna earn by forex trading first u have to do practice by demo account its free to use..after gud practice you can msg me i il tel you.how to do forex trading without investment..i il recomend u a sit where u il earn by other schem then that amount il transfer to your forex account.now you can start forex trading.contact me.
From India, Vadodara
From India, Vadodara
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