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Upoctin last won the day on July 6

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  1. Forex is not a gambling business at all. Some traders make it look like it is by taking some bad actions. Forex is a pure business like other businesses, where one must invest money, buy or sell products to get profit. Some of us consider our activities as gambling. The trader invests 5000 USD and opens a trade with 100 lot size to gain profit every pip of 1000 USD to get rich quickly, unfortunately, the market goes in the opposite direction of the trade and the account becomes zero after 50 pip loss. This is called gambling not business. Real Forex businessmen only manage their money and take small risks.
  2. A job in forex can be a lifetime job and one can do it at their leisure. When you have good knowledge of it and experience of forex trading, it will not disappoint you. Forex trading can also be something you do in your free time after working your main job so that you can earn extra income. At the end of the day, it all depends on you, but knowledge, good skills, and strategies, as well as planning, are all needed no matter where you want to do forex trading.
  3. Yes planning is necessary and if you have proper plan , you should execute it and make good money.
  4. Forex is a very large market. The traders that trade in this market are aware of the high level of risk in this market, which can easily cause a trader to lose his trading capital if sufficient precaution is not taken. Forex traders make more losses than profits, but this is mainly true for newcomers to the market and those who have been in the market for a while but are new. The key is to practice the right way to trade.
  5. It is very important to save from loss. Then we are earning. Forex will be able to make an online or non-closing business. We are able to work by creating our own timetable. Forex is a unique or worldwide business
  6. Forex is not at all a gambling business. However, there are traders who make it so by doing some bad things. Investing in forex is a business like any other, where you invest money and purchase, sell, or trade products to increase profits. While some think that this is gambling, when the market goes in opposite direction the account becomes zero and there is no profit. This is gambling, not business. Real Forex businessmen follow money management and take small risks.
  7. I can answer yes and no to the question of whether Forex trading is worthwhile. If you succeed in becoming a consistently profitable Forex trader, then the answer is yes. Professional and consistently profitable Forex traders make lots of money. You can even become a millionaire if you manage to reach this level. For those who cannot become consistently profitable Forex traders, it can be a waste of time and money. The answer to this important question of whether Forex trading is worth it is obvious.
  8. Forex is the great business and everyone can make good amount of money if they have good skills and knowledge.
  9. Forex market behavior can be very unpredictable during important financial news releases. Prices rise or fall in a matter of minutes, changing by dozens or hundreds of points. In such instances, spreads widen, and liquidity is significantly reduced. Obviously, a novice trader is not prepared to handle sudden price changes. In fact, it becomes physically impossible to open and close profitable trades. Trading on the news puts the entire capital of an inexperienced trader at risk. Beginners are urged not to trade during major economic news announcements.
  10. Self-motivation drives people to keep going even in the face of set-backs, to take up opportunities, and to show commitment to what they want to achieve. So if you are self motivated then it will be good to trade forex successfully.
  11. If we can trade using any robot then it has no chance to become greedy and we no need control our emotion in robot trading but in this trading system it has no chance to learn something about forex trading.
  12. Our success in forex trading is based on our knowledge of forex trading. Experience and knowledge are most important factors in forex trading. New traders who do not have enough experience and knowledge will face trouble in forex trading early on. For new traders to succeed in forex trading, they need to get knowledge from experienced traders, PDF books, and YouTube videos.
  13. An investor who places 10 or more trades per month is considered active. Most of them rely heavily on timing the market, taking advantage of short-term events (at the company level or based on market fluctuations) to turn a profit in the coming weeks or months.
  14. There are several factors that influence the size of the bid-offer spread. The most important is currency liquidity. Popular currency pairs are traded with lowest spreads while rare pairs raise dozen pips spread. Next factor is amount of a deal. Middle size spot deals are executed on quotations with standard tight spreads; extreme deals – both too small and too big – are quoted with broader spreads due to risks involved.
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