In the business of Forex trading what is more important for us as a Forex trader is that we should know about the markets and keep our-self updated with what is happening in the markets so that when we are trading we can use that knowledge.
And we do have many such trading opportunities where the right kind of knowledge will help traders in getting into good trades
Agree…
A good opportunities come to a good trader who’s always improving their trading systems (knowledge, market analysis, knowledge, etc). The more knowledgeable, the more chances to earn income in our trading…
Forex not gives you surety of earning here you have to find your share of profit with your trading skill. I find forex useful because I can trade any time . This market had risk reward opportunities . You should be aware of disadvantages too when join forex . I know this reality so not worried about loss.
The biggest advantage of forex trading is also its biggest disadvantage - you are responsible for your own trading, your own decisions, your own profits and losses.
There are many advantages of forex trading tat attract people to join it . As profit making , 24 hours availability of market and freedom of work. And major disadvantage is that this business is much risky one cannot avoid this risk.
What to say about Forex…!! Earning money at home without any boss and time restriction is the best thing you will find in Forex. There is no target to achieve, earn what you want or leave.
The downside is that if you trade fulltime from home in that manner you are fully responsible for your income. That can put a lot of pressure on one’s psyche.
Forex trading has resulted in huge gains as well as losses. Losses have been incurred due to various reasons including using higher leverage ratios in risky trades, which led to the magnifying of losses a lot more than the amount actually invested. Another important factor to consider while trading forex is choosing the right currency pairs. Choosing highly volatile currency pairs may be more risky thereby resulting in losses.
I never traded forex and I never will. In my opinion the forex market is the worst place for a trader. Yes, a lot of liquidity attracts people, but in the forex market liquidity can disappear quickly. There a tons of other markets out there with a bunch of liquidity. I mostly trade indices and commodities. The trading world changed a lot over the last two decades. I enter “trading” into google or youtube and I just receive forex, forex and forex again.
T his might be your personal opinion otherwise forex is very popular business . It is right here risk is high than any other routine business but when you do forex with proper learning this risk can be minimized. Then here are many profitable traders who are working full or part time with forex market.
Exactly my thoughts financial freedom work from home is a huge selling point
However incorrect trading practices and poor trading psychology could ultimately lead to financial ruin
Each coin has two sides. Similarly Forex trading has many advantages but some demerits too. Forex rates are influenced by many factors mainly economic or global politics that can be difficult to analyze information and draw conclusions. It is available on high leverage but it can easily turn into a loss making nightmare unless one has a strong knowledge of leverage and of course control over emotions.
Advantages would be the abiliy to earn money with suitable working time from anywhere on the world I would say without doing much job once all working and disadvantages would be something like for example I am not even sure what - except main nonguarantee of earning funds.