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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.