Forex Trading Online: A Dangerous Game?

[budado]

Forex is not a dangerous game if you know how to trade. But if you don't know how to trade and your not mentally equip to be a trader then chance are you are emotionally stress when you are losing money and worse you going to add more funds each time you are losing in hoping that you can recover that in the end up end up losing money. that's why I do suggest that we going to spend lots of time trading in demo account first just to make sure that we going to end up trading just fine.

[FREEDOM]

Forex is not dangerous business but it is risky. Everyone joined forex won't get hurt before they make mistake. After making mistake then forex will harm your account and your money will become less and less again everyday. If you want increase the money then you need decrease the mistake.

[jani927]

first of all Forex is not a game secondly like other business we have to invest so money to start after that there are possibilities for the loss and profit that will depend upon your ability to control your loss and get some profit similarly Forex is also a business there are so many possibilities for the loss an profit that will depend upon yours experience.

[traderpk]

Yes definitely online Forex trading is really a dangerous game don't enter here if you don't know about it . But if you want to join this then practice for 2 to 4 months on demo before entering in to live market and search for it how it works when you should trade every thing before that don't take risk it will be dangerous and harmful....

[nuh514]

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.

It is a dangerous business only for those who start their trading without having proper preparation. But those who make enough study daily to read out different market analysis and they have command over both fundamental and technical analysis, they are not afraid of loosing all their money because they know how to manage even the worst situation.

[GUTEMBERG]

It's a dangerous game he is depending on the trade, if an operator conscious the game becomes very profitable and good, but if it's a crazy trader who does not respect and without the target market is the failure and the account reset. simple. forex jogadoes not admit, but professional traders.

[fawad1]

Well yes! I agree. Forex is very dangerous and Risky. but it is not a game . It is a Business. You need to invest you capital. But on other side it is a great way to earn money . it is one of the easiest way to earn money and it is a great platform to earn and learn.

[Discordance]

Forex is dangerous for those people who trade like gambling . Most o the new trader do not learn much about forex , they do not practice in demo account so they make loss in real trade . Making money is not an easy matter

[Ryad]

Forex is never like a gamble game.. Forex is a business and a job for intelligent people.. Do you think that when entering a casino, you play your money and lose everything, is unlucky? Or do you think that entering the casino and go out with the jackpot is luckiness? Think of it.. Forex is a job where you should learn at least for one year full time, then understand how to analyse the trend, then know the pattern of the market, you should have knowledge and experience on the market to make profits. While in a casino, although you have experience on the roller, will you go out everyday with profits, I bet no one will.. While in forex, everyday you can make profits if you are disciplined..

[malik]

Bhai is baat main to koi shak naheen kay ye aik dangerous game hay lakin bohot hi profitable game bhi to hay, aap ko bohot achay returns bhi to milty hain nain is dangerous market main.