Do full-time forex traders exist or is it just make believe?
- Thread starter zbojnik
- Start date
Forex Trading is preferred to do part time, and have any other source of income in the other half else we will be in great trouble when time will not be in your favour.
If the market is moving, somebody is making profits.
Yes somebody making profit and somebody else might getting loss, because in trading about profit and loss is part in transaction, not always as trader making accurate analysis and here need risk management to survive
In forex, you should not be bothered that if you win it means that another trader is losng.
Just remember that when you win, you are just taking cash from Central Banks. the traders who lose are just giving back cash to Central banks; not to other traders really.
Thanks for this insight, but still in wonder if we trade using broker as bridge, whether all broker also will throw order directly to interbank market or not because I am ever read if there are certaain broker called as dealing desk will hold order client on company and trader loss company win and trader win then company loss
Some brokers will basically put you on their demo account ( not necessarily tiny brokers, but some well capitalized one that know what they are doing).
These are good for really miniscule trading accounts,
as these brokers will play games on you and you get to significantly improve the way you trade:
you will be forced to learn the real fundamental truth of market movements.
Some others will have a "desk" through which your trade will pass through a human.
These are also good source if information on how you trade, as you can contact them
and find out what they see about your trading you can improve.
Some others have a "desk" through which your trades will pass through an algorithm.
These are good as you can find out what their algo are doing as you trade.
Good source of info on your trading.
Some will send your orders straight to the interbank market.
Basically, the three type of brokers above exploit YOUR mistakes. So what you can do is simply find out from them what mistake to eliminate.
You can consider the brokers on your side if you want to become a good trader.
For me just still thinking simple anyway, as long as I am trade on these broker and if I want to withdraw money from account trading and still processed smoothly hence along these time still trust and using their service, but if withdrawn not processed hence might will thinking twice if will defend on there