Рейтинг: Empty Star Empty Star Empty Star Empty Star Empty Star
Pros and Challenges of Trading Forex
Предыдущий 1 2 3 4 Следующий
russellgutierrez

Пользователь с Jun 03, 2020  27 сообщений Russel Gutierrez (russellgutierrez) Oct 13 at 06:00
For me the biggest pro is the leverage, and inactivity fees the biggest con.

EbonyJones

Пользователь с Jul 20, 2020  167 сообщений EbonyJones Oct 28 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.

Breonnataylor

Пользователь с Oct 09, 2020  20 сообщений Breonnataylor Nov 20 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.

Cordawield

Пользователь с Nov 03, 2020  16 сообщений Cordawield Nov 20 at 08:19
Each has its own positive aspects, and I can say that there are indeed much more of them than negative ones.

EllisParker

Пользователь с Jun 24, 2020  34 сообщений EllisParker Nov 20 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.

LyudmilLukanov

Пользователь с Jul 23, 2020  137 сообщений LyudmilLukanov Nov 20 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.

ElliotCooke

Пользователь с Jul 20, 2020  229 сообщений ElliotCooke Nov 20 at 18:57
Forex trading is not easy. You need proper knowledge and skills to make money from this market.

richardmarcus

Пользователь с Oct 07, 2020  38 сообщений richardmarcus Nov 21 at 04:32
posted:
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.
Trading is really quite risky, but there are not much more advantages, you just need to approach everything competently and judiciously.

richardmarcus

Пользователь с Oct 07, 2020  38 сообщений richardmarcus Nov 23 at 05:36
richardmarcus posted:
posted:
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.
Trading is really quite risky, but there are not much more advantages, you just need to approach everything competently and judiciously.

true that

Bunaya

Пользователь с Nov 05, 2020  10 сообщений Bunaya Nov 23 at 06:39
We must not forget that any business has its positive and negative sides, it all depends on your attitude and mood.

Предыдущий 1 2 3 4 Следующий
Loading
Loading
EURUSD 1.21444 GBPUSD 1.34758
USDJPY 104.101 USDCAD 1.28034

Tools

Сообщество

Обзоры

Брокеры

Платформа

Поддержка


Твиттер |  Facebook |  Карта сайта  |  Условия  |   Политика конфиденциальности
©2020 Myfxbook Ltd. All Rights Reserved.
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.