Yes. That is right. if anybody gets interest at forex trading then he will definitely make his time to know more about it. Or maybe he can decide to learn about it. But there are some people also who don't have time to learn but have capital to invest. So they can only involve at forex trading...
Nobody is perfect in this world. An expert trader always earn as per the market. Sometimes he earns a huge profit and sometimes he earn low profit. As he knows when to hit the ball. But a good trader never thinks of huge profit, he analyse carefully but still trade with low amount to stay risk free.
Yes, you are right. There is always a risk of scamming in offline trading as other person is also involved with you. Maybe he will give less amount or may be scam all the money. Whereas at online trading you are the sole person to deal with your own money.
Yes that is true. But as we know that new technologies has given us many advantages, this technologies have created disadvantages also. I think it is more secure to trade from private network PC rather than mobile or public network PCs.
Not only as a newbie but also as a good trader, everybody should have eager to learn always. Because learning makes you more better trader from earlier. And it increases the chance of earning profits and minimize the chances of facing loss.
To be a expert trader you have to learn managing and analyse everything. From trading to chart analyse, risk management to investment management should be easy for you to maintain.
Today our life is very hectic rather that the peoples of 10-20 years ago. We stay all time busy to earn bread and butter for our family. So we always try to save our time. In this busyness people will select online trading to save time rather than going somewhere or waiting for news over phone.
Yes. I accept that. There is an old word, "Gold glitters more after passing through the fire." Newbies get their fruits after the hard work done at newbie stage. And when you earn your first income then we cannot compare anything with that joy.
Market news gives a rough idea on the things will happen in the market. But it is just an idea. There is no guarantee that it will surely happen or not. So first analyse on your way then take the step.
I think using the margin saves you from trading with more capital and facing a huge loss. It happens when we use high leverage. So it is always advised to thin twice before using high leverage.
For me it is such a place where people share there own experience, which helps every traders. If you face any doubts, you can get opinions and answers from other traders. And for some people sponsored forums are places to earn few bucks.
Forex trading is such a place where you will get many kicks at starting of the career. But we have to work hard until we reach our target. There is a famous word. "Try Try But Don't Cry."
Your point is right. As it is a silent business, nobody knows what we are earning. And we can earn that much at few minutes by sitting at home, what we cannot at dong job for 2-3 days.
Rate of dollar got down. Along with that rate of gold also got decreased. I hope that price will increase within October. To trade with USD we have to analyse the chart carefully.
I think you are making some mistake. Business and job is totally different. At job you don't have to think about profit and loss. You do work for someone and get your salary. And business is something where you are the decision maker of your investment. I think you may work at investment firm.
if you understand that what is forex trading, how this trading works, how to plan your strategies, then forex trading will be business for you. If don't understand this all, then it will be very tough business for you.
You will never get the proper answer of this question. Because for somebody forex trading is the way to earn money. But for somebody it is a way to get destroyed.
In some cases you can invest your full money. For an example, whenever the price of gold decreases very much at june or july, I invest all the money I have. At august or september when the price of gold increases I sell it.
In one way I can say that forex trading is good. That is I can sit at home and trade at my suitable time and day. And I can withdraw profit instantly after the trade.
as the days passes we are introduced with new techniques and programs. So we had to upgrade ourself with those technologies and accept the changes. After all if we understand then we can find many advantages at new technologies.