As the time passes, technology gets upgraded with advanced facilities. Online trading became much more reliable, fast and more profitable trading rather than offline trading.
Insufficient capital can be the most important factor of earning low profit. But cannot be the factor of making loss. Lack of knowledge and skill is the factor of making loss.
That is true. As you are investing your hard earn money, it is normal to feel tensed while trading. And it is very hard to avoid tension at certain period.
I agree that. We should not give all the effort at one basket until we are not confident about earning. There are many part time works. That should be selected according to skill and knowledge a person have.
I believe that every newbie should start with demo account to get all the practical knowledge. And they should learn until they get enough confidence about earning at real account.
I think that its totally depends on the person how he or she wants to learn. There are various way of learning, so anybody can choose their own suitable way. After all you have to earn money with your own skill and capital.
Market condition never stays same. It has huge fluctuations, and it creates many situations. So, if there is multiple situations, then how can we use only one strategy.? Take it as a game. If you play with one strategy then your experience will get limited.
It is true that every person has different opinions about forex trading. But ultimatly the real thing is it is the place where we can buy and sell different currencies and earn profits as per invested capital.
I totally agree with you. Realistic expectation totally depends on the person's earning capacity and capital. If somebody earns 1000 bucks daily, then how could he or she can expect to earn just 10-20 bucks a day.?? It is below the expectation.
Not only for forex trading. At every business you need training to gain knowledge and skill. If you don't have enough knowledge about any business, then there is a full chance of suffering loss.
Yes, that is true. Online trading gives us secured and best way of trading. You can keep all the documentation or transactions with you. At offline trading you have to depend on the firm or brokers totally. And that can be harmful sometimes. And my family has suffered the bad effects of offline...
Yes, I agree with you. There are different leverage margins. You can choose as per your comfort. And most of the experienced traders and brokers use leverage facility.
Yes, I totally agree with you. To learn anything you have give time and dedication towards it. And it is sometime very difficult to takeout time from work pressure, whether he is student or businessman.
At every business you will get pros and cons. Its totally depended on the person's experience and skills. If I have no experience in some business, then I can say that it is not a good way for me to rely on that business. But that doesn't mean that it is not the geed business to rely on for...
Yes, it is common truth that if you spend time a whole year at demo trading you will get nothing except experience and knowledge. To earn money you have to shift from demo account to real account.
I agree that. While practicing at demo account, you can always take guide from others. Hear the experiences of the expert traders. Learning their strategies will help very much. It will help you to make your own strategies.
Every business has tension. It is quite common to get tension at forex trading. But it is always advised that while trading you should keep the your emotions at control. Don't get tensed or nervous, as it can effect your trading.
If at forex trading there is chance of losing money then there is also chance of earning good money. If you have efficient knowledge and skill about forex trading, then it can be a good part time earning place.