|08-12-2011, 06:10 AM||#2 (permalink)|
Join Date: May 2011
Forex Training Online: Learn Foreign Exchange (FX) Currency Trading
|08-12-2011, 12:49 PM||#3 (permalink)|
Join Date: Nov 2006
Location: Berlin, Germany
It allows you to make money if you get the risk assessment right.
People who don't want to be subject to any risk shouldn't trade.
|08-12-2011, 01:36 PM||#4 (permalink)|
Join Date: Feb 2010
FX is not a risky market any more so than most others. In fact, the arbitrary position sizing for ECN/bucketshop spot FX makes it much less risky than most futures markets. The 24 hour liquidity helps too since it makes stops a more effective means of risk control. The only downside of the market from a risk perspective is the poor availability of exchange-traded options for hedges.
The issue with FX is that the majority of the business takes place where the typical retail trader can't see it. Most FX transactions are interbank, and many retail FX platforms provide essentially no volume information whatsoever. Combine that with the standard bucketshop tendency to mess with the price quotes, and the data feed situation is very bad.
|09-04-2011, 03:30 AM||#5 (permalink)|
Join Date: Aug 2011
In any market there IS risk involved. That's a given. With the right strategy you can make money. An easy example would be playing poker. There are people that make money playing poker every day. BUT they take time to learn the game.
FX is the same thing. You have to learn how f/x trading works. If someone were to tell you that there is NO risk, run. You are putting money into something that is outside of you control.
So my question for you is are you looking to get started? What level of understanding do you have with forex trading?
Hope this helps.
|09-05-2011, 02:44 PM||#6 (permalink)|
Join Date: May 2011
Forex is a high risk instrument.
If it suits you personality and goals and you're prepared to put the time in to learn it then it can be very lucrative.
Like everything else it has a risk/reward element which in this case is very high on both sides of the coin.
You get out what you put in
|08-13-2011, 02:57 PM||#7 (permalink)|
Join Date: Jul 2011
- Positive cost of carry
- Only using leverage to cost average down
- Only selling at a profit
- Keeping a clear understanding of how much volatility your leverage can handle
- Keeping a clear understanding of what the central banks can and cannot do to influence the currency
- Keeping an insurance fund just in case
- Not expecting to make 100% a month
- Realizing this is a long term game and that your equity will never remain stable and should never be taken seriously.
You'll do fine.
|09-03-2011, 11:57 AM||#8 (permalink)|
Join Date: Sep 2011
I can't work out if you're currently trading or thinking about getting into forex. I'm going to assume you're thinking about it so that my advice is more applicable to others too
I wouldn't say it's risky, you can easily manage your own risk levels
But I would say thought that despite how it looks like easy money, you are going to get pwned.
You're competing with people who literally do this for a job. It's all they think about all day.
You're competing with really smart people who write automated trading programs which stay ahead of the automated trading THEIR competitors wrote last month.
You're competing against firms who are so cutting edge they (I'm not making this up) install servers that are physically closer to the exchange so that they get an advantage by trading microseconds faster then other firms. Microseconds! Meanwhile you're going 'hmm will it go up or down?? maybe I should consult my astrology charts"
Run away from forex, absolute waste of your time.
You're 1,000,000,000x better off thinking about ways you can leverage off your unique personal skills and add value to peoples lives.
|09-03-2011, 04:22 PM||#9 (permalink)|
Join Date: Sep 2008
Typically, with higher risk, comes the chance for higher rewards. Or rather, vice versa. But still, high risk is a great environment for some people to invest in.
|Thread||Thread Starter||Forum||Replies||Last Post|
|Automated Forex Trading||TraderMike||Business & Financial||4||12-13-2011 02:45 PM|
|Please who does forex trading||karlie||Business & Financial||6||08-27-2010 03:20 PM|
|Forex Trading Strategy System||Power||Technology & Technical Skills||1||03-26-2009 03:36 AM|
All times are GMT. The time now is 07:57 AM.