I enjoy the flexibility offered by the market. High leverage is a plus point, but it can also backfire if not used wisely. The downside is the unpredictability and presence of scammers.
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Pros and cons of forex market?
- Thread starter Coner1980
- Start date
Because of the market’s flexibility, I can trade part-time and earn extra cash.
as a part time trader that is really challenging to survive in this trading place with successfully.
PROS- The forex markets are open 24 hours a day, making it possible to trade whenever it is convenient, which is very beneficial for short-term traders who tend to hold positions for brief periods of time (say a few minutes to a few hours). Few traders conduct transactions during all off-hours.
Also forex trader who enjoy volatility can easily switch from one currency pair to another.
CON- Numerous factors, largely international politics or economics, which can be challenging to research and draw trustworthy conclusions from, affect forex trades. The majority of forex trading is based on technical indicators, which is the main cause of the forex markets' high volatility.
Also forex trader who enjoy volatility can easily switch from one currency pair to another.
CON- Numerous factors, largely international politics or economics, which can be challenging to research and draw trustworthy conclusions from, affect forex trades. The majority of forex trading is based on technical indicators, which is the main cause of the forex markets' high volatility.
CON
- Mostly market maker model...meaning mostly you play against the "Broker"
- thinly regulated ( only 3 in US I think and one can get a Broker licenses for pittance in some tin pot countries)
- No central exchange to know true lit prices
Alternative FX futures
CON: Less leverage and less granularity, Broker failure risk same as any Futures account/ NO SIPC protection ( unless in UK Futures broker is used)
- Mostly market maker model...meaning mostly you play against the "Broker"
- thinly regulated ( only 3 in US I think and one can get a Broker licenses for pittance in some tin pot countries)
- No central exchange to know true lit prices
Alternative FX futures
CON: Less leverage and less granularity, Broker failure risk same as any Futures account/ NO SIPC protection ( unless in UK Futures broker is used)
PROS- The forex markets are open 24 hours a day, making it possible to trade whenever it is convenient, which is very beneficial for short-term traders who tend to hold positions for brief periods of time (say a few minutes to a few hours). Few traders conduct transactions during all off-hours.
Also forex trader who enjoy volatility can easily switch from one currency pair to another.
CON- Numerous factors, largely international politics or economics, which can be challenging to research and draw trustworthy conclusions from, affect forex trades. The majority of forex trading is based on technical indicators, which is the main cause of the forex markets' high volatility.
very simple speech but effective to understand.
high leverage contains high risk. do you believe this content?
The forex market is one of the most lucrative and the riskiest financial markets in the world. It all depends on traders trading approach that results in profits or losses.