Forex Trading Online: A Dangerous Game?

[sam_98]

yeah i really agreed with you because Forex is a dangerous game because if we get loss in it then its mean that we are getting loosing our money in it and we are loosing our game but if we are getting profit in it its mean that we are wining our game that's funny but true

[wasekmia]

Forex trading online is difficult but not dangerous. I know many people who are earning more money from Forex trading and changing their life.Before investing here people needed to gain more knowledge and experience about it, then they can make profit from Forex.

[bbcc999]

pehali bat to yehai kay forex game nahi hai ye best online or international business hai ye forex 100% dangerous hai is mai ager ap kaam karty hain to apko sikhna pare ga markita ka pata lagna hoga kasy move karti hai signal kia hai analysis kia hai ye sub pata hona chahye phir trading karen jo isko online game samj kar karty hain wo kabi kamaayb nahi hosakty balkay loss mai jaen gain

[zuhaib]

of course forex is very risky business and have need for huge knowledge and experience for making money in forex so if you think that forex is easy then you are wrong because forex need planing and daily learning..

[axe]

Than say forex trading online is a dangerous game,I more agree if say forex is high risk bussiness online,forex is not game but real bussiness,nothing play game in this business,all thing about your skill in improve strategy and analysis moving market.

[rudi sriyanto]

forex could be a business. avoid taking part in in forex, treat this business as a protracted term investment. continuously use an occasional risk located within trade and check out your account out to survive in forex

[asd121]

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.

It is important to remember that all trading systems will suffer losses as well as clocking up gains. Statistics say that there are bound to be times when several of these losses come together and the system suffers a bad run. Traders have to be prepared for this both psychologically and financially. You need a cool head to sit it out and stick with it until the system gets back into profit. Your account balance needs to be high enough and your risk per trade low enough for your funds to survive too. The risk per trade is generally recommended to be not more than 5%, but lower would be safer.

Much of this advice may seem rather negative if you are just getting interested in currency trading. You will be eager to start making money right away. However, long term success and coming out with a profit is the most important thing. So do take account of the risks before you start forex trading online, and you will have a much better chance of success.

[cicgojra]

I agree with your statment. Forex is not a game, nor any gamble. so we as trader should keep in our minds then we would be able to face this business in right way,with good obligation and responsibility and always trade with good discipline and patience. regarding dangerous business i guess there is no any specific answer for it. as some of us can control it and can get some profit. so here we can see danger or safe is not at Forex trading but we are as the trader who make it like this good platform of business and earning.

[arslanbhatte]

I think forex is not a game actually forex is a real business in which we can earn unlimited in daily basis and also i do not think that forex is dangerous for us in reality forex is very profitable and good business for us so i m very happy with forex because forex gives me a happy life and i m thankful to forex.

[friendshimul]

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.......