That what I said. Whether you are using leverage or not. There will be chances of profit or loss. And if you are using leverage, there will be chances of huge loss or huge profit. Simple.
I don't think so. Whether you have $1 or $100, your knowledge and strategies will decide your profit or loss. If you don't know about trading then you will suffer loss by investing $1 also.
Yes, greediness and emotions always play a negative role at trading. Instead of profit it can result huge loss. For newbie it is good to start with one major currency pair.
Sky is the limit. It totally depends on how much you are investing, how much dedication you are giving. And your strategy also plays an important role in earning. It will decide that are you earning a good profit or suffering a huge loss.
Yes, you are right. At online trading we can choose our amount, we can choose our place and we can chose our place. That makes us much more reliable than offline trading.
Using stop loss is very very beneficial in trading. It can save your money from going at huge loss. As there is always ups and owns at trading, it will really minus your getting huge loss.
In India most of the brokers accept scalping. Because they take 0.2% commission on every trade which happens. So any traders buy or sell, they get commission. And if there is more trade, then there will be more commission. Whether traders gets profit or loss, brokers will always get commission.
I think whether you are using leverage or not, the ratio stays at 50:50. You may earn huge profit or may suffer huge loss. And if you are not using leverage then also the ratio will stay at 50:50.
You can also earn good profit with low amount also. You can use leverage facility. But it is true that if there is a chance of earning good profit then there is also a chance to suffer a huge loss. For that you have to use your strategies very carefully.
I agree with you. Learning risk and money management is very important. Because it will save your hard earn money from loss. Trading with major pairs can be best way to earn profits.
Anybody can earn from forex trading. From student to businessman anybody can earn from every aspect. A student who has capital to invest but not interest to learn, they can invest with the help of brokers. And if any businessman who want to learn forex trading for passion, they can also learn...
There is line, "Practice makes perfect". I know that nobody is perfect in this world. But practicing can be make you near to perfectionist. There is no end of practicing and learning. And that is the key of success in forex trading.
Yes, if we trade properly, use our strategies at right way then we can earn millions. But for that good amount of capital is also necessary. I never sit fr hours every day in front of monitor for trading. I have my own selected days and times. And I give my full concentration at that time.
Yes, you are right. If we want to trade at forex just to earn profits then using genuine robots can be helpful. But if we want to learn and earn practically, then robots cannot give real trading experiences and knowledge. Because robots will never teach us how they analyse the market and use its...
The real intention of trading at forex is to invest our savings and add some profit to it. Some people try to learn about forex and try their strategies. And some people invest their money through brokers or investment plans.
I would like to advice newbies that do not hurry to get into arena. First practice at demo accounts for few months. When you feel that you are ready to face real market, then only open live account.
I agree with you. We get demo account at free of cost. It is for learning, not for playing. Newbies should use their demo account as carefully as the real account. Otherwise there will be a chance lose the demo account if handled carelessly.
This lesson is not only for you. It is for everyone, even me. It is usual to be careless after making profits for long time. And this careless can result a big suffer. Sometime this happens to me also.