Recent content by ally

Very true, opting for a desired amount of leverage is individual’s own choice. However, one must understand before, the concept of leverage and what all pros and cons are attached to it, then only decide the amount of leverage. Usually more professional traders prefer to trade at 100x leverage.

Leverage enhances the account equity so it must be decided on the basis of equity one is willing to lose on a trade or what is the risk bearing capacity. As leverage is like a double edged sword if it enhances the chances of potential profit on one side then the likely chances of having...

Learning as above said is truly an ongoing process in forex. Forex success is also dependent upon the well – structured trading plan. Planned trading is truly essential and along with proper risk management techniques we can manage or cope up with the losses better. Gain through the experience...

Absolutely right. It is always beneficial to initially start with only that amount which you can afford to lose. As beginning can be rough at times due to involvement of emotions and other psychological factors, disrupting the trading pattern thus leading to huge loses.

Indeed forex being a risky business, there is huge scope for making money, due to the highly liquid nature of market. However, I agree with previous replies that most forex traders fall prey to this market and burst off with their trading account in desire to make more & more money. Proper...

I agree with previous replies, forex trading is not an easy business. In long run, traders can make money but it is not a get rich quick business. The path to become successful can be made easy by acquiring required skills, learning and gaining experience. Learning is the basic essential on...

Yes agreed, leverage is an advantageous tool of forex but it is like a double-edged sword. Leverage increases the trade size and trader can eventually trade with more funds than he actually has. This increase the scope for potential gains as well but we cannot deny the fact that risk is also...