GeorgeBischof posted: Experience and knowledge will help you to get return on investment from this market.
There is no doubt that forex trading is one of the risky business in the world. Due to high leverage and volatility this market is very risky. That's why we need to follow risk management system. Without risk management it's not possible to survive in the market.
I don’t think the forex market is that risky. You might have faced some bad experiences.
I am literally able to earn good profits through forex after demo trading because of its frequent price changes.
Same is with me. I also first demo traded. But I have always believed in managing my risks. I usually follow the 2% risk management strategy and then I avoid risking above 2% of what I have. This way my profits are more as compared to losses. Whatever I save, I then put some amount of it.
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.
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