Why Choose Forex?

[sam111]

Forex Trading is a different from other online business. Here are some advantages of the Forex trading :
No commissions- Government is charging no fees in only forex trading, there are No brokerage commission, No exchange fees. The costs of low transactions are nothing between bid and ask price.
No middlemen- There are not any investors in the forex market, that take a percentage of the investment or profit, you can make transactions with directly the agent.
No particular Lot size- there are no any particular lot size in forex currency pair.
high Liquidity - here you can get high liquidity,this is a highly liquid market.
Open 24 Hours a Day.
Margin Trading- here broker provides High leverages.it creates chances to make huge profit also.

[TREVPICK001]

@sam111

Forex Trading is a different from other online business. Here are some advantages of the Forex trading :
No commissions- Government is charging no fees in only forex trading, there are No brokerage commission, No exchange fees. The costs of low transactions are nothing between bid and ask price.
No middlemen- There are not any investors in the forex market, that take a percentage of the investment or profit, you can make transactions with directly the agent.
No particular Lot size- there are no any particular lot size in forex currency pair.
high Liquidity - here you can get high liquidity,this is a highly liquid market.
Open 24 Hours a Day.
Margin Trading- here broker provides High leverages.it creates chances to make huge profit also.

Im not understanding this thread at all

1. if there is no charge why do i pay a spread, also i have to pay tax on my earnings.
2. Banks are the biggest player in the market true they dont have total control over the price, but they do have a big chunk of it,
3. i dont understand what you mean by no paticular lot size, forex is delt in lots end off (they range from micro lots to lots and lots)
   4… correct it is a high liquid market and the market is open 24 hours per day but that does not mean you can make money 24 hours per day as liquidity changes thought the day creating low volume during the asian periods on the Gbp/USD for example
   5.forex does have high leveradge, however used wrongly it can be your enemy and not your freind.

Forex to date is one of the most unregulated investment opotunities out there, brokers can make there own prices up increase spreads and do all the wonderfull things that forex traders hate, because there is no middle man gives more power to the broker you are using to do what the hell they like with the price and spread ect…

You have to have a clear understanding of why and how currency prices move in order to make money, none of the above is reason enought for somebody who has no idea of how thing work to get into forex.

True you can make money in forex but my only advice would be is to do your home work first and not get to excited about leveradge or 24 hour a day trading untill you really understand what is happening out there.

[Yukon]

Im not understanding this thread at all

1. if there is no charge why do i pay a spread, also i have to pay tax on my earnings.
2. Banks are the biggest player in the market true they dont have total control over the price, but they do have a big chunk of it,
3. i dont understand what you mean by no paticular lot size, forex is delt in lots end off (they range from micro lots to lots and lots)
   4… correct it is a high liquid market and the market is open 24 hours per day but that does not mean you can make money 24 hours per day as liquidity changes thought the day creating low volume during the asian periods on the Gbp/USD for example
   5.forex does have high leveradge, however used wrongly it can be your enemy and not your freind.

Forex to date is one of the most unregulated investment opotunities out there, brokers can make there own prices up increase spreads and do all the wonderfull things that forex traders hate, because there is no middle man gives more power to the broker you are using to do what the hell they like with the price and spread ect…

You have to have a clear understanding of why and how currency prices move in order to make money, none of the above is reason enought for somebody who has no idea of how thing work to get into forex.

True you can make money in forex but my only advice would be is to do your home work first and not get to excited about leveradge or 24 hour a day trading untill you really understand what is happening out there.

Hi. Could you explain a little more what you mean by this - “You have to have a clear understanding of why and how currency prices move.”

If primarily using technical analysis, what are the most important things to know about price movement? Do you mean the daily range, or something else?

[TREVPICK001]

Hi. Could you explain a little more what you mean by this - “You have to have a clear understanding of why and how currency prices move.”

If primarily using technical analysis, what are the most important things to know about price movement? Do you mean the daily range, or something else?

well if you are using technical analaysis which is fine you still need to atleast achnologde the fundemental’s aswell, most people think having a few indicators on there screen is enought to make money in the world of forex they completely miss the basic’s, Price action, Fib,Support and resistance, news releases, Non Farm, Intrest rates dec, employment figures, the list is endless,

there are lots of basic ways to earn good money in forex its not as complicated as some might think, and im not saying you have to be einstein to get atleast a half disent understanding, but a rainbow technical indicator is not going to take all of the above into consideration when pumping out prehistorical data ( by that i mean 10 seconds ago in forex is prehistorical)

[Yukon]

well if you are using technical analaysis which is fine you still need to atleast achnologde the fundemental’s aswell, most people think having a few indicators on there screen is enought to make money in the world of forex they completely miss the basic’s, Price action, Fib,Support and resistance, news releases, Non Farm, Intrest rates dec, employment figures, the list is endless,

there are lots of basic ways to earn good money in forex its not as complicated as some might think, and im not saying you have to be einstein to get atleast a half disent understanding, but a rainbow technical indicator is not going to take all of the above into consideration when pumping out prehistorical data ( by that i mean 10 seconds ago in forex is prehistorical)

Thanks. I know what you’re saying about indicators - there’s defiinitely no Holy Grail. I’ve just been using pivots, trendlines, and mac d, off of 15 minute and 5 minute charts - and completely avoiding trades around news time releases, and am making out okay. But I know I could be doing better. But sometimes trying to follow all that news (COTT, farm, jobs, etc.), makes my head spin. It’s like I’m on overload. I’d rather just mostly forget about it - but haven’t figured out quite how to do that yet. Gotta keep up though, I guess.

[TREVPICK001]

Thanks. I know what you’re saying about indicators - there’s defiinitely no Holy Grail. I’ve just been using pivots, trendlines, and mac d, off of 15 minute and 5 minute charts - and completely avoiding trades around news time releases, and am making out okay. But I know I could be doing better. But sometimes trying to follow all that news (COTT, farm, jobs, etc.), makes my head spin. It’s like I’m on overload. I’d rather just mostly forget about it - but haven’t figured out quite how to do that yet. Gotta keep up though, I guess.

dont blow your brains with facts and numbers, it took me ages to get into forex i demo traded for 18 months every day before i had even a slight idea of how to avoid getting stung, keep on going and your get there its like anything in life you have to work hard and not give up

Good luck hope it all works out