I would say that invest in forex at your own risk, cause most traders that enter into forex do have the knowledge and experience in it and if a beginner enters i would advise him/her to invest in forex for the purpose of learning cause your never going to get any profit, forex is tricky and difficult.
Steve75 posted: I would say that invest in forex at your own risk, cause most traders that enter into forex do have the knowledge and experience in it and if a beginner enters i would advise him/her to invest in forex for the purpose of learning cause your never going to get any profit, forex is tricky and difficult.
Indeed, forex is a risky business. However, with the right amount of knowledge and dedication one can trade efficiently.
Forex can be a very good investment compared to stocks. The advantage of a forex investment is that the trader is using leverage. For investors, Forex is a good way to make a nice profit, but it can also take risks with it.
If you do not want to earn or pay interest on your positions, simply make sure they are all closed before 5:00 pm EST, the established end of the market day. Since every currency trade involves borrowing one currency to buy another, interest rollover charges are part of forex trading.
for investing It is very much difficult to recommend at any brokers, because there are almost thousands broker in online retail market and most of them are found to be scams. From all we can choose the broker which is regulated and make sure a wide range of trading technologies.
Investing in Forex feels... weird. Trusting money to people that don't know. Interesting feeling :) Rule 1: before doing that - try to get as much info as you can about broker that you are going to work with. But Forex is not a place to get rich quick. And people who think that - they can get poor quick. Rule 2: don't start trading on live right away. Trade on demo for at least 6 months to get the feeling of the market. Rule 3: don't trade without strategy. Strategy is everything, it determines how fast things will go for you.
Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience. take it or leave it. decisions is yours. thanks
Focus on these eight factors to choose a broker: regulation, financial security, trading style, reputation, design and ease of use, ease of account opening, types of accounts offered, customer service.
Investing in the forex market is a bit risky if you don't have enough knowledge about the market. So, it is very much needed to gather all knowledge about the market before investing into this risky market.
Your money management skill is that which makes you remain in the market. A trader that finds it difficult to manage high capital finds himself out of the market sooner that he expects. It doesn’t come easy and the skill required in risk management is one that grows with time.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.