Oct 13 2020 at 06:00
For me the biggest pro is the leverage, and inactivity fees the biggest con.
Oct 28 2020 at 16:34
The main challenge of trading is to handle the losses. Managing the risks properly. If you can not make proper deal with the losses you can not survive in this risky market.
Nov 20 2020 at 06:07
The biggest benefit of trading Forex that I see is the leverage option and the only con I can think about is the high volatility.
Nov 20 2020 at 08:19
Each has its own positive aspects, and I can say that there are indeed much more of them than negative ones.
Nov 20 2020 at 10:52
There are pros and cons in each field. We got to see whether the pros are really benefitting for an individual and worth taking the risks for. In case of forex, the pros outweigh the cons for me.
Nov 20 2020 at 16:49
EllisParker posted:
There are pros and cons in each field. We got to see whether the pros are really benefitting for an individual and worth taking the risks for. In case of forex, the pros outweigh the cons for me.
That’s true. I also agree. But traders need to know about both. It helps to grow as a trader.
Nov 20 2020 at 18:57
Forex trading is not easy. You need proper knowledge and skills to make money from this market.
Nov 21 2020 at 04:32
posted:Trading is really quite risky, but there are not much more advantages, you just need to approach everything competently and judiciously.
I found this below very useful, and newbies should always know about it
12 years ago I was a newbie too, but now a profitable proffesional. So always know what you are getting into.
Pro : The forex markets are the largest in terms of daily trading volume in the world and therefore offer the most liquidity . [2] This makes it easy to enter and exit a position in any of the major currencies within a fraction of a second for a small spread in most market conditions.
Challenge: Banks, brokers, and dealers in the forex markets allow a high amount of leverage , which means that traders can control large positions with relatively little money of their own. Leverage in the range of 100:1 is a high ratio but not uncommon in forex. A trader must understand the use of leverage and the risks that leverage introduces in an account. Extreme amounts of leverage have led to many dealers becoming insolvent unexpectedly.
Pro : The forex market is traded 24 hours a day, five days a week—starting each day in Australia and ending in New York. The major centers are Sydney, Hong Kong, Singapore, Tokyo, Frankfurt, Paris, London, and New York.
Challenge: Trading currencies productively requires an understanding of economic
fundamentals and indicators. A currency trader needs to have a big-picture understanding of the economies of the various countries and their inter-connectedness to grasp the fundamentals that drive currency values.
The Bottom Line
For traders —especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than other markets. For those with longer-term horizons and larger funds, long-term fundamentals-based trading or a carry trade can be profitable. A focus on understanding the macroeconomic fundamentals driving currency values and experience with technical analysis may help new forex traders to become more profitable.
Nov 23 2020 at 05:36
richardmarcus posted:posted:Trading is really quite risky, but there are not much more advantages, you just need to approach everything competently and judiciously.
I found this below very useful, and newbies should always know about it
12 years ago I was a newbie too, but now a profitable proffesional. So always know what you are getting into.
Pro : The forex markets are the largest in terms of daily trading volume in the world and therefore offer the most liquidity . [2] This makes it easy to enter and exit a position in any of the major currencies within a fraction of a second for a small spread in most market conditions.
Challenge: Banks, brokers, and dealers in the forex markets allow a high amount of leverage , which means that traders can control large positions with relatively little money of their own. Leverage in the range of 100:1 is a high ratio but not uncommon in forex. A trader must understand the use of leverage and the risks that leverage introduces in an account. Extreme amounts of leverage have led to many dealers becoming insolvent unexpectedly.
Pro : The forex market is traded 24 hours a day, five days a week—starting each day in Australia and ending in New York. The major centers are Sydney, Hong Kong, Singapore, Tokyo, Frankfurt, Paris, London, and New York.
Challenge: Trading currencies productively requires an understanding of economic
fundamentals and indicators. A currency trader needs to have a big-picture understanding of the economies of the various countries and their inter-connectedness to grasp the fundamentals that drive currency values.
The Bottom Line
For traders —especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than other markets. For those with longer-term horizons and larger funds, long-term fundamentals-based trading or a carry trade can be profitable. A focus on understanding the macroeconomic fundamentals driving currency values and experience with technical analysis may help new forex traders to become more profitable.
true that
Nov 23 2020 at 06:39
We must not forget that any business has its positive and negative sides, it all depends on your attitude and mood.
