Edit Your Comment
Is investing in the forex market risky?
Member Since Jan 25, 2022
165 posts
Oct 05, 2022 at 11:46
Member Since Jan 25, 2022
165 posts
Trading on the foreign exchange market carries with it a high degree of danger. Techniques can be used to reduce the impact of the risks, but they cannot prevent a trader from incurring losses. Forex trading is not for the faint of heart; only those who thrive on uncertainty should even contemplate getting involved. But no one else should even think about it. Market risks stem from factors including volatility, market circumstances, the global economic environment, the economic conditions (particularly of the world's greatest economies), the political conditions (particularly those which affect globally), counterparty risks, leverage, etc.
A trader who is well-versed in both trading and risk management might benefit from risk management to help them manage market risks. A trader's skill set should include risk management and the ability to keep their emotions in check. A trader's chances of making a profit are nil otherwise. Therefore, one must make an informed decision as to whether or not to engage in foreign exchange trading.
I appreciate you taking the time to read this. Leave a comment below if you need clarification. I'll respond to your inquiry.
A trader who is well-versed in both trading and risk management might benefit from risk management to help them manage market risks. A trader's skill set should include risk management and the ability to keep their emotions in check. A trader's chances of making a profit are nil otherwise. Therefore, one must make an informed decision as to whether or not to engage in foreign exchange trading.
I appreciate you taking the time to read this. Leave a comment below if you need clarification. I'll respond to your inquiry.
Member Since Jul 23, 2020
869 posts
Member Since Aug 05, 2021
401 posts
Oct 21, 2022 at 16:12
Member Since Aug 05, 2021
401 posts
The is risk in trading but there's also risk in other investments and business opportunities as well. You have to spend money to make money and sometimes you have to put money on the line hoping for a better outcome. The thing I love about trading is that there are ways you mentioned to lessen those potential losses, so you do have a degree of protection over your assets.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.