yes i agree forex is risky,but i say that you can make 1k in a night,but if you plan and execute well you can control your loss from 1k to 100 or 10.
its we who make forex more risky with leverage,big lots etc.
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well not risky for everyone maybe for newbies who do not know much and maybe for some people are just there to take risk. For me it is not that much risk as I do not take much of risk. but yes it is a little risky and it can really test patience and it is never easy. I think we should try to make 1 k in night.
Forex will remain all the time risky whether you are a good trader well experienced or newbies. But newbies are faces both challenging and risky. If they trade with discipline and know the knowledge of Forex and also trade with the help of indicators and technical analysis then they can control their risk but not totally finish.
Risk lies in the trader and the way he/she trades. If a novice who do not know anything start to imitate a professional trader without having the sufficient information, knowledge and skill, the chances are more that he will end up losing everything. Do what you know, know well whatever you are doing.
and what do you mean by making 1k in a night? well you cant surely make 1k with a balance of $10 in one night.its almost impossible.
but still i have seen a person who took heavy risk and turned $80 to $2000 in one trading week.It was really risky,but it was rewarding too.
I agree that Forex market is risky.
But comes with the risk is the challenge to conquer the risk and turn it to your advantage.
I always believe that the riskier it got the more rewarding it is. Forex can cure my boredom and also earn money as well. Definitely worth staying...that is why I am here to stay for good.