Forex Trading Online: A Dangerous Game?

[moss]

Yes, online Forex trading is really a dangerous game.It is 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.

[modu01]

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

[SAMIYA NOOR NOVA]

yup, forex trading in online is a most dangerous game because here one trader may be get huge amount of loss. on the other hand, they won't be millionaire in overnight by maintaining some rules and discipline..

[ariffx12]

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.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 .yes it's not a game becaus that i make this -?- for tell to the persone who think that is a gamble that you need to learn for earn money there

[oscar]

forex is a business ..
avoid playing in forex, treat this business as a long term investment ..
always use a low risk in your trade and try your account to survive in forex

[kinwan]

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.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 .

[racrab india]

yes it's not a game becaus that i make this -?- for tell to the persone who think that is a gamble that you need to learn for earn money there

[newentry]

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.

i really agree with your statements here, forex is not a game and also gambling and we are as the trader have to put it deeply in mind then we will face this business with right, with good obligation,responsibility and always trade with good discipline and patience,
and about danger business, i guess there is no specific answer for it, because some of us can control it and get some profit, so at this point that we can see, danger or safe is not at forex trading, but we are as the trader who make it like this

[SAMIYA NOOR NOVA]

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.

[racrab india]

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.