Forex Trading Online: A Dangerous Game?

[malik]

Forex trading ko wohi log dangerous dame samjhty hain jo log yaahn kaamyaab naheen ho paty aur wo bjay apnee ghaltee accept karny kay forex market ko blame karty hain asay log kabhi kaayaab naheen ho sakty jo hard work aur struggle ki bjay blame game par believe karty hain.

[fawad1]

Well yes! I agree . Forex is a dangerous Online trading Game. But i do not take it as a game. I take it as a Challenge and do it as my Part time Job and Try to win every trade of mine although it is not possible to win every trade but i try my best to win every single trade i Do. It is a very Risky business. Where you can earn lot of profit you can loose everything too on other side.

[rzza]

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.

you are right. forex is not a game. it is a good business. either we do it part time of a full time trader. both have the same result which is bring is good income if we trade with good money management and our skills is good enough to analyze the market trend.

[prowitin]

Forex trading is not a game there a lot of illegal businesses online people are doing to make money forex is legal. Even if it is risky it pays to trade the forex market I am happy to be a forex trader. I still have a long way to go to be perfect, I don't mind I am willing to wait.

[executor]

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.

Too risky forex, too many people who lost, at the start of trading. That's because we often forget that forex is very dangerous. We often lose awareness when we start to gain profit, and forget the rules that we have made. At first we profit, but because it is hard to stem the raging passion of trading, eventually led to fatal.

[ahsan.javed27]

its similar to gambling bcoz you make your strategies but chances of your success are 50 50 you are not sure what will happen in next minute sam as like gambling you can get a good amount in no time and on the other hand you can easily loose that amount as well and both happen so fast that you cant even think to change your strategy.

[sokcool]

yea... I agree,,, forex is not a game,,, forex is a home-based business that has a very big risk,,, and forex is not gambling, because gambling relying on the advantage... but rely on forex strategy,,,

[hh512]

no doubt it is a dangerous game to be played and you never know when you lose this game. so be practical and play with full concentration to avoid any kind of problems here.

[mr kashif]

i m agree with you statment forex trading main hum bohut ziyada loss kar sakty hain q k ye easy nahi hai, aur trading main agar knowledge na ho to bohut ziyada loss hota hai hamen forex main is liye koshish karni chahiye k hum forex main loss kum karne balky ek achi planing k sath discipline k sath work karen!

[kisor]

You may ask why I bother with step 3, if I'm just going to go with Step 4? The truth is you might not find 1-2-3 price break, so in that case I always use step 3 to tell me which way the trend is headed.