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There are many differences between stocks and forex trading. The main difference is the assets that are traded. Currencies are traded in forex whereas in stocks a portion of a company's share is traded. Secondly, the trading volume of both the markets. The Forex Market has the highest trading...

@ActiveLead I agree with your point about exotic currency pairs. This is the reason why most of the traders prefer trading major currency pairs which offer good liquidity and are less volatile.

There is no doubt that forex trading is not the same anymore. With the advent of technology and with the continuous increase in the number of traders, scams are also increasing. And uncontrolled emotion of greed makes new traders fall for them.

Money management is the main element of trading which allows a trader to take appropriate risks while keeping the risks into consideration. The 2% rule is worth following which says that a trader should not risk more than 2% of the account equity.