Top Advantages of Forex Trading

[ElectricSavant]

Hello Forex Traders. You are most welcome and thank you for this thread. Lets talk about Forex! How are you doing?

ElectricSavant™

 

[radex78]

I see. I also take monthly challenge from Hotforex, participating in demo contest with main prize of 1000$. I think its much worthy rather than trying to make any material profit from 10 bucks

Yes even will compete with many trader but if in lucky will become one winner, even on third rank still get prize, but so many expert that take part also and start from ten bucks on a week some of them already able increasing more than 50 bucks

 

[doggyfx]

Yes even will compete with many trader but if in lucky will become one winner, even on third rank still get prize, but so many expert that take part also and start from ten bucks on a week some of them already able increasing more than 50 bucks

Frankly I didn't get your message at all? So are you taking part in such contests or prefer to benefit from no-deposit accounts only?

 

[CyberWarrior]

There may be lots and lots of advantages of Forex Trading, but the one thing for which we are here is the money involved in the Forex Trading.

 

[TradeViper]

E.S. My twin brother from another Mother, Howzit Braugh

The Ever Missing The Old Days VIPER

 

[Benihana]

Fx allows you trade with currency while taking less risk since you can size down smaller than with a futures contract and scale in. The tight spreads are good - keeps trading costs down.

Just like with futures, options, or leveraged ETFs those without good $ mgmt won't last long.
It is true a lot of people with very small accounts got into Fx and foolishly used way to much leverage - the same thing is going on with people trading futures these days.

Is this even true anymore with the addition of micro contracts at the cme? Do people actually trade smaller lots than 10,000? I just don't see the point of trading forex when you can just do it through futures and know 100% it is legit and almost always have lower costs too.

 

[ElectricSavant]

E.S. My twin brother from another Mother, Howzit Braugh

The Ever Missing The Old Days VIPER

oh my gawd...the illustrious viper..hey dude hows it goin'

es

 

[dar.forex1]

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 there. If proper risk management plan is not implemented chances are high leverage could badly effect your trading plan.

True that! Leverage is a weapon which can be used profitably only with proper management. Otherwise high leveraged trade can rack up great losses due to bigger lot sizes.

 

[CyberWarrior]

Forex Trading is known for its money involved. It is a very risky business, but here risk is equal to reward here and we need to acknowledge the risks and see that how you could turn it into profits.

 

[lovethetrade]

There's no volume information in spot forex so you're on a level playing field in terms of volume analysis.

Which can be an advantage of disadvantage depending on your experience and edge.