Couldn't be more wrong, it's the most liquid market in the world and one of the fastest moving. It also dosn't have a central exchange as it's an OTC (Over The Counter) market. Most of the Forex market is made up of currency swaps like when you get $100 USD into GBP £65 and next month it's worth £60 then you've lost £5 to the Foreign Exchange Market aka Forex. That $5 trillion dollars daily turnover will be made up of global trade currency swaps.
Yeah. I was working with Forex and can tell you that it's very dangerous to play with it (unless you know what to do)
Thats why they have practice accounts. Practice, practice, practice... and when you think you know it all, practice some more. It takes Y-E-A-R-S to develop REAL strategy, and when you get that strategy; there is no amount of money that will make you give up that info to others. So all those people out there selling books and crap on how to make forex riches - 99.5% of it is just throwing your money down the drain, sorta like jumping into Forex to begin with.
Don't kid yourself there's billions of dollars to be made in Forex but it's mainly the banks and trading institutions that make it all, betting against idiots like you will donate their entire account over to them given enough time.
I think liquidity has nothing to do with Market volatility. Market can be volatile even if there is a lot of liquidity. (e.g. a country enter into war, their currency falter). However, if you are into Forex, then you are considering market leverage since daily changes are small and currency don't grow over time but they balance.
I would say that forex trading is definitely not another form of gambling or rather depending on others, because with a bit of education you can become an accomplished technical analyst and determine high probability trading positions where you win far more than you lose. Anyone wishing to be successful in trading any financial markets, such as the stock market, futures markets, commodity markets, currency trading, etc., needs plenty of those complexes, elusive, evasive, and often camouflaged human quality - discipline.
Hello, i am a newbie too, please tell me that if i invest $100, can anyone tell em that how much profit i can get in a day ?
For starting point, I think you may try: Marketiva Whan you regist on Marketiva, they give you $5 real money for free. If you think that you can get serious in forex, you can play your money on broker that can use MetaTrader 4. Some trader use MT4 + EA to run autotrading.
it depends on you , but first you must learn forex and use Forex Managed in your forex trading ..see this link http://www.fxstay.com/forex-basics.html
I have subscribed to UFX Bank, which leads me to the correct path of earning in stock market. So if you're serious about creating a real income from the comfort of your own home with trading on the stock market, then the UFX Bank is the easy way you could possibly access.
Play forex with the money you can afford to lose = gambling. Some of my friends lost thousands of dollars in this industry. I'd say forex is not an investment, it's a game of chance. But that's just me.
I recomand to learn an little bit from one learning center and also open demo account so you can try out your strategy. You can check on fecima.com section learning center. You need to know Money management risk management you have to read some books and you find some good books in that site too,i recomand to read at least Strategy no 10 and Risk and Money Management control. If you want an risk free on forex,commdities you can try the 100 free promotion check into their website for more details. You have to use and build your own strategy,and the strategy depends on your initial investment and your needs ,is differently for any particular case.
I am doing forex for the past one year . Having my own statergy it works nice . I make a decent percentage of my account everyday. You cant win all day , But you shd try to win . For example Let me say one thing , 22 days are in forex . 4 mondays are slow . So forget those days . 18 days now . In 18 , There are NFP , Unemployment news etc which will slow market throughout the day probably before the news arrivals . So 15 days you can consider it . In that 15 days , u have to make atleast 12 days profit and 3 days u can take it as losses . On mondays some times market would be speed and you can trade on some mondays and on news days too , so overall if u r making 5% a day , and you have 10 winning days ,that is 50% of your account rise . Thats what most of the forex traders needed . I never say that there is no risk in forex . 95% of the people fails in forex and 5% only wins . Most 95% looses and run away giving the money to market in which 5% of the traders profits alot from 95% loosers . So be carefull before getting in.
It's impossible to trade without loss. Forex needs education and self-control, but still if you have them the market can kick your ...
Forex is large financial and highly profitable market but it could be difficult when you do not have the correct skills. For constantly make money on Forex you need to follow three principles they are mindset, risk management and strategies.
For successful trading traders must have know the proper money management, vast knowledge of trading, enthusiasm, punctual, hard working and must have a capability to understand the market psychology these are the qualities which really help to make money in trading.
These practice accounts are nothing more then a complete scam if you ask me. Companies manipulate the data so that it looks like you are making a lot of money in order to trick you into signing up for a "real" account. Once you are playing for real most people think they can do as well as they did before on the practice and have no idea what has hit them when they are suddenly making huge losses.