I have a question in mind.
For example: I have a lot of money in account. I buy Example Currency Pair on Price: 1.5555. Ok Now the price goes down, down and down. and I wait for it to goes up. Is not its possible the price will go up sometime in future(Hours, Days, even Years). If it is possible so whats the risk in it.
Your money can hang in limbo for a very long time. Money you cannot utilise is pointless. Furthermore, there is also the probability that you may not see your money ever again in your lifetime.
Hey, it looks like you opened your live account too early! What’s your demo trading experience?
If you’re going to play THAT game - you need a BIG account, Tiny bets and a personality which can cope with the dangers, drawdowns and resist the temptation to ‘take small profits’ Also there is the possibility that (like USDTRY) you may either have a LONG wait, or it may never happens.
Just out of curiosity, Turkey wants to join EU and I wonder what would happen to such a USDTRY bet if the Lira got scrapped and replaced by the Euro ?
There are few markets that have a built-in nature which cases them to rise over a long period. No forex pair has such a structure - they go up and down and they can stay up for years and they can stay down for years, there are no factors which make one pair mostly rise and one pair mostly fall.
A market that has inherent natural buoyancy and therefore has a bias towards rising prices over the long term is a stock index like the Dow Jones, the S&P500 etc. I do NOT mean the shares in the indices, I mean the index values themselves.
Thanks to all. For your best answers. I totaly beginer. Want to be top class traders which can handle any challenging situation