Don't miss our signals, tonight on Skype!

Free Forex Signals

  • Home
  • Brokers
  • Brokers Reviews
  • Economic Calendar
  • Free Forex Signals
  • Trade Now
  • Education
  • News
    • Forex News
    • Cryptocurrency News
    • EUR/USD
    • Commodities News
  • Contact Us
How true is forex trading?
ciorney
Wednesday, 27 June 2018 / Published in Education

How true is Forex Trading?

How true is Forex trading? To explained simple, Forex trading is the selling and buying of currencies based on market activity.

Traders on Forex market speculate on whether the exchange rate will go down or up and just like others forms of speculation, traders want to buy a currency at a price and sell the currency at a higher price in order to make profit from the trade.

So, if they think the dollar will rise against the euro currency, they can buy the USD/EUR currency pair low and then the traders will sell it at a higher price to make a profit of it. But, to have in mind, if they are going to buy the euro against the dollar, and the dollar strengthens, they will then find their self in a losing position.

The traders will then lose the trade among with the money they risked on that trade.

Nevertheless, there is no way of accurately predicting about how the currencies we want to trade will perform.
So, forex traders “take calculated risks based on statistical probabilities to determine trades”.

You will think is that simple?

 

The biggest misconception of new traders: a get-rich-quick scheme

Irregular, Volatile, risky, emotional, personal, stressful and intense are some of the most utilized words Forex traders used to describe their trades. All of them share these sentiments that it is far from easy to trade on Forex and definitely not a get-rich-quick scheme.

 

But, Can I make Money on Forex?

To profit with forex, you need to know the strategy and have enough experience or you lose more than what you make.
The good thing with forex is that you don’t need to be stressed over competition.
Dissimilar to every single different business which competition makes harder conditions for everyone, the more individuals work on forex the more cash everyone will make since it will make more movements and volatility in the market and price fluctuation is wat we profit through it.

 

So Forex is a decent business yet is it a reasonable business for everyone?

To end up a forex broker you need to learn it at first. The good news is that isn’t difficult to learn forex. There are sufficient free tutorials over the web. You simply need to spend a couple of months to get the hang of everything.
Be that as it may, the more imperative part is the experience. You need to figure out how to utilize your insight to trade.

 

But what you do when you are just a beginner?

You should have three things to wind up a decent and effective Forex broker:

  1. A mentor
  2. Knowledge
  3. Suitable psychological condition

 

Find an experienced Forex trading mentor

The initial phase to committing on a Forex Trader mentor is discovering one that isn’t simply one more web businessperson, but is really a honest and expert Forex mentor and trader.
It has to be the perfect pairing of professional trading abilities and mentor qualities in order to learn to trade Forex efficiently.
On the other hand, there are numerous incredible Forex traders out there who aren’t great mentors thus they go unnoticed as they cash in from the Forex market consistently and live their happy lives.
In fact, there is no 100% sure-fire way for you to know if the Forex trading mentor you are considering is really a professional Forex trader AND an astounding mentor.
Just listen to his signals, obey his words, and keep an eye at the winnings. If they are going up, there is no reason to be concerned. If not, put yourself some questions.

 

One more Advice: Only use credible trading platforms

There are many credible trading platforms out there where you can trade Forex, including Markets.com, iForex, AvaTrade, 24Options, ICMarkets, IronFX and so on. (See our entire list of brokers here).
Subsequently, it is fundamental that all traders should take as much time as necessary while picking their most significant business partner, the one that will fulfill their trading desires and needs – their forex broker.

There are four aspects you need to inspect at your possible broker: Domicile, Funding, Regulation and Reputation.

  1. Domicile – If the domicile of your trading platform is in a big country with good financial regulation, it’s very possible that this legal infrastructure can frequently help you to recuperate your assets if issues arise.
  2. Funding – Your money will be more secure in the hands of a forex broker with extraordinary financial backing.
  3. Regulation – You must be aware that opening a trading account on a forex trading platform who struggled to register with a regulatory agency, will still not guarantee that the broker is legitimate or that your money are safe.
  4. Reputation – Make sure to check the Internet for either positive testimonials or complaints about the brokers you have chosen. Particularly search for comments or reviews about withdraws.

 

Do You Want to Trade Forex?

VorteXz Forex Trading Signals are 100% FREE (LIST OF BROKERS HERE)



Just contact us, and you will convince yourself!

I consent to the personal data retention and processing, according to the new GDPR policy.

Tagged under: How true is forex trading, true about forex trading, true forex trading

What you can read next

Why Revenge Trading Is A Lose-Lose Situation
effective method to Exchange Cryptocurrency.
The most effective method to Trade Cryptocurrency
Why are we afraid of losing when trading ?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

avatrade
*Your capital is at risk
Open Trading Account
icmarkets2
*Your capital is at risk

Open Trading Account

Get Free Signals!

Categories

  • All Brokers
  • Autotrader
  • Brokers Reviews
  • Commodities News
  • Crypto Brokers
  • cryptocurrency news
  • Cryptocurrency Trading
  • Education
  • EUR/USD
  • Forex Brokers
  • Forex News
  • investing
  • News
  • Uncategorized

Recent Posts

  • Top 10

    Diagrame FOREX – Cup and handle, Rounding bottom

    ...
  • Joe Biden noul PREȘEDINTE al SUA

    ...
  • Top 10

    TOP 10 cele mai întâlnite diagrame în FOREX

    ...
  • Bogații continuă să investească

    Majoritatea investitorilor cu un milion de dola...
  • Lesson 1

    TOP 10 cele mai întâlnite diagrame în FOREX

    ...

SIGN UP TO OUR NEWSLETTER

Subscribe to our newsletter and receive our latest news straight to your inbox.

SOCIAL MEDIA

MENU

  • Home
  • Brokers
  • Brokers Reviews
  • Economic Calendar
  • Free Forex Signals
  • Trade Now
  • Education
  • News
  • Contact Us

TRADING

  • All Brokers
  • Brokers Reviews
  • Education
  • Forex Brokers

BLOG

  • Commodities News
  • Cryptocurrency Trading
  • EUR/USD
  • Forex News

Important Data

  • Privacy Policy
  • Economic Calendar
  • Forex Brokers
  • Contact Form

Copyright 2018 VorteXz Signals. All rights reserved. *VorteXz Signals doesn't have connections to any of the brands or forex platforms that we select. We are just an independent trading algorithm provider. *IMPORTANT GENERAL RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

TOP

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in Settings.

Powered by GDPR plugin

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

You can adjust all of your cookie settings by navigating the tabs on the left hand side.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

More information about our Cookie Policy