Forex Trading Online: A Dangerous Game?

[aiham609]

Forex trading online is becoming a very well known way to make money from home, but there are also many stories of people who get burned. So how safe is forex trading, and how can you protect your investment if you decide to get involved in this hot new online financial market?

The first thing to be clear about if you are thinking of taking up currency trading online, is that you can make money but you can also lose it. Forex is not different from stock trading or any other speculative investment in this respect. It is risky, and you have to know what you are doing.

The advantage that we have these days with the internet being so prevalent and so cheap, is that everybody has access to a huge amount of information about forex trading online. There is no need to buy a lot of books or go to expensive forex trading seminars, at least in the beginning.

There are several things that you can do to reduce or minimize the risk of losing money when you first start out forex trading online. The first one is to use a demo account. This is a practice account which most forex brokers will let you start out trading with. You do not use real money and often you do not even need to deposit any money. The software gives you an amount of virtual money and you can access the real time forex market and start trading.

Of course this means that if you make money, you do not see any of the profits. No real trading takes place. However, most people do lose money in the beginning of their forex trading career so it is a wise choice to use a demo account for a while, even if you have a good trading system and are confident that you will be able to make money.

The second thing that traders can do to protect their funds is to practice good risk management. This means understanding the statistical variables of the system that you are using and planning your trades so that your account balance can survive the worst case scenario and then some.

Yes Forex Trading is the physical realm magic capable of half a million dollars in minutes and able at the same time converted to two minutes , so to be learning , training and practice before working on the forex market

[subhan7]

Forex trading is a quick money making business.I agree with that forex is a dangerous home based business but it is not a game..in case of other business we may have to invest so forex also need to invest a little capital...but somebody treat forex as a gamble or game because it is related with world currencies and i think so...............

[imran525]

Forex trading is not game.This is the real business for trader because here are many person can earn money by their skill.It has some risk who for that they are not understand clearly about it.

[hasnainkb]

Forex trading always risky and dangerous but if you have knowledge about forex trading so you must be trading in real account otherwise forex is a not easy business.

[Hasanman]

Actually it depends on our outlook that how we are taking the Forex. someone takes it as like gambling and try to make lot of money at a time. it's very tough to survive in forex. a few traders can survive here. anytime the market price can change dramatically and you can loss all your capital. only expert and patient traders can survive in forex.

[a11]

I would like to say that Forex is not a game but it is a business and do work here by thinking it a business and your hard working in it will make you to stay out of dangerous.but if you would show not so good working then it will be dangerous for you

[rapunzel]

I objected to say that Forex is like a game,
Forex is a serious business and very important, but certainly Forex have risks, risk is the loss of money.

[johnny english]

What I believe, forex trading doesnt seem to remain a dangerous game to actually me. forex trade could be a trading business that would be worldly recognized. forex trade is therefore nice that there can be no probability of gambling or gaming. forex trade is not really a game, it could be a honest business. here several traders become hero from zero. they actually are hero and successful inside short era.

[subrahmanyam]

i will agree with you my friend Forex trading is home based dangerous business but don't treat as a game it is a business.it can make us rich and well named but some have if our faith is not good it will tends to us bigger so be careful with it.

[joy622]

forex is a goods work and jobs now all man like him a work and better income money for a jobs now all man fast trading for a forex and online goods inomce money for a jobs now all man like him a forex now all man is a goods trading for a goods income money for a forex jobs.,.,