Gee Dee

We have always heard that no risk no gain, and in each business entrepreneur has to bear risks. Without taking risk no one can earn profit in the forex market. Forex trading depends on the exchange rate of currency pairs and exchange rates depend on global economy, changes in political and economic factors. So without taking risk it is not possible to earn sufficient money as forex market is a highly volatile and competitive business area.

But I agree with the fact that a person can earn money in online without any investment in the above mentioned tasks you are explaining but have anyone noticed that except the demo trading contest other four will require good knowledge, trading expertise and all in all a good intuitions about forex market and command over the trading tools and techniques. So when you have many things in your pocket why you not start forex trading for yourself with small investment. I believe you will earn more money by this.

There is no such comparison I guess. Because with the favor of luck one can win some battles but not all. And education it has its own strength. Each trader should educate himself about the forex market and forex trading firstly. Otherwise it will be very difficult to survive here. And experience is an investment. No matter how much money you are investing in the forex market, if you are able to properly utilize your money with your trading experience you will be able to earn multiple of it.

Every financial market requires a good deal of money management from its users. Forex as being a financial market where currencies are exchanges requires a systematic money management from the traders in order to gain success. A trader should decide few things and craft his strategies and manage his money as per these: · How a trader will allocate its money, whether it will his own money or from leverage money. · What is investment time frame, whether it will short term or long term. · How much profit you want to earn, etc.

Forex being the virtual global trading platform, there are millions of online traders. There are some successful traders while some traders are losers. The main reasons behind these are: 1. Successful traders have proper knowledge, skills about the basics of forex market and forex trading. 2. Most of the pro traders and successful traders work with regulated platforms. 3. Traders having the 24/7 trading facilities and fastest trade executions help traders to bit the others.

Yes I agree that for new entrants who are willing to learn forex market and forex trading practically with small investment and small risks mini accounts are best options available for them. And it is imperative to start with mini accounts as it offers the same charts, trend analysis, trading platform and support from the broker as a regular standard accounts holder receive. So if you want to take small risks in the initial level go for minis.

The common mistakes that forex trader makes frequently are: 1. Trade against market trends, you should never trade against trend unless you are confident enough that your decision will give positive result. 2. Quickly response to the significant changes in the market. 3. If you are a novice trader, never enter into trade unless you have gained proper knowledge and skills regarding forex market and forex trading. All these are the most common mistakes that trader frequently does.

No, not that much. But if you don’t acquire enough knowledge, skills and training before engaging in forex trading, then you may find it a hard job. I must say that before entering into forex market, take some times to learn the basics of it, then make some investment to yourself, i.e. take some training from an experienced body via demo trading accounts for some period of time. Once you are confident enough to trade, join here.

Forex market is an over the counter market that offers virtual trading and global platform to the people of whole world. There is no specific boundary of this market, and that’s why there are some infrastructural differences between forex trading and traditional work. Such as forex is a 24 hour market, trader can trade 24/7, it is not necessary for traders to present at the trading places since it can be done via EA trading and also can be traded from home or office, where trader may want.

Forex market is a virtual, over the counter market that facilitates virtual trading and I must say it is the largest global currency market around the globe. Forex is a 24/7 market where traders can engage in trading at any time. So trading can be done from anywhere and anytime. From my personal experience, working with a reliable and regulated broker can make the journey of trading easier as it can provide a better guidelines, training and systematic support in case of forex trading.