DHTML Menu / JavaScript Menu Powered by Milonic
Already a member? Sign In

Age Range:
Marital Status:

Journals help
Resonate your identity with Naseeb journals. Express your opinions, share your thoughts, post your writings and connect with like minded people through the power of expression.

Login to my account

Why Invest in Forex Vs Other Investments?

By Clintonlegend

While it is true that you can get rich overnight trading forex, Bitcoin Revolution 2 Review doing so would be financial suicide. Trading involves risk and it is only through proper risk management that you can truly get rich trading forex. Professional traders and banks always manage their risk and so should you. A general rule of thumb is to never risk more than 2% of your account on any single trade. By doing this, you are limiting yourself to how much risk you face on any single trade and greatly put the odds on your side at truly making money from trading.

While there are many different styles of trading, the one that offers you the greatest chance at making real money from trading is swing trading. Swing trading gives you the edge at trading by allowing you to open and hold trades for several days. You avoid noise and market whipsaws by taking a longer and much wider view of the market. While other traders are getting whipped sawed due to false signals, swing traders ride out the small waves and profit from catching the big ones.

Is it really worth putting your entire trading capital in the hands of automated trading software that is nothing more than a black box? If you would like to start making money from forex trading, the first step on your path to success is to educate yourself about proper money management and use the trading style of the professionals, swing trading.

Over the course of the past two years, regulatory oversight in the US and the global financial meltdown have changed the landscape of what it takes to be a competitive FX broker. The FX broker market is consolidating in regulated countries like the US, Switzerland and Japan. If a FX broker regulated by the U.S. National Futures Association (NFA) were to fail, chances are that one morning clients might receive an e-mail from the broker's CEO informing them that their accounts will be serviced by some big firm within days. In other words, the transition to a new broker would be a bit disconcerting, but smooth. But what about if a firm is regulated elsewhere or not regulated at all.


   Comments: 0     Raters: 0     July 18, 2019 at 9:38am         

Not Rated

The opinions expressed in this journal are of the author and not necessarily of Naseeb.

Add Comments


  Comments on this journal

No comments posted yet.