Jump to content

FX or forex trading is not a very simple task


Recommended Posts

FX or forex trading is not a very simple task. If it is easy, all traders will be rich in a short period of time and earn a lot of money from this business. But in reality, it’s not happening. Many traders especially newbies are losing money where few traders are profiting. That is why this market is not easy to trade. Learn the trading properly. In my case, l learned trading from my broker Eurotrader.

Link to comment
Share on other sites

Yes, you are right. Forex is an easy way to make good money and traders can be rich with the passive of time. But mostlly they want to be rich quickly and they mostly become greedy so they fail. So it is necessay to have patience when you trade.

Link to comment
Share on other sites

If Forex is easy, everyone should make money. However, traders should not think so. Because Forex is a much harder job than any other online job or business. In my opinion, Forex should be considered as a side business. It is lost pressure if you trade as a full-timer. I am also a part-time trader and trading with Eurotrader for almost 2 years. I also hope to be a full-timer in near future.

Link to comment
Share on other sites

Forex is a professional work that requires specific knowledge and skills. Once you have necessary skilled, you can do it just by spending one or two hours per day. But for learning you have to put your efforts and dedication. One more thing learning doesn't happen in one or two months. You have to spend good amount of time depending on your level of understanding and other factors. I'm trading Eurotrader. It is a good forex broker. It's trading platform is marvellous. There's no requote or postponement in trade execution. Their withdrawal procedure is additionally instant without any charges.

Link to comment
Share on other sites

One of the most important forex strategy is to think with your mind not with your heart. Emotion can put you in danger in forex market. Another strategy is to pick up a broker which gives a lot facilities in the trading. I use TP Global FX for their low spreads, dynamic leverage and quick customer service. They provide tight spreads starts from 0.01 pips. Their maximum leverage is 1:500. They give me 24X5 customer service. So, in my trading career they play an important role.

Link to comment
Share on other sites

The gap between buying and selling is called spread. It addresses brokerage advantage costs and replaces transactions charges. Spread is for the most part implied in pips – a rate in point, which implies fourth decimal place in currency reference.

Following sorts of spreads are used as a piece of Forex Trading. I have the low trading spread from 0 pip with my broker Forex4you. It offers a wide range of services. They have over hundreds of trading instruments including forex, shares, futures and cryptos.
 

Link to comment
Share on other sites

18 hours ago, Sam Patrick said:

The gap between buying and selling is called spread. It addresses brokerage advantage costs and replaces transactions charges. Spread is for the most part implied in pips – a rate in point, which implies fourth decimal place in currency reference.

Following sorts of spreads are used as a piece of Forex Trading. I have the low trading spread from 0 pip with my broker Forex4you. It offers a wide range of services. They have over hundreds of trading instruments including forex, shares, futures and cryptos.
 

We need to understand that if the SPREADS in our trading accounts are on the Lower side we can get the income.

Link to comment
Share on other sites

Forex is a sea of money where opportunity calls. It is the greatest fiscal market where currency are traded at their present price. Traders need to keep up two or three a qualities and should be skilled for trading. A trader ought to use stop setback and take advantage while trading since mishap is open in the market that is the reason we should not charge the market. I am starting at now trading with TP Global FX broker from where I have the slightest transaction cost which grows my trading advantage. It also provides low spreads starting from 0.01 pips and up to 1:500 leverage.
 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest

The following limits are in place
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...