What is forex trading quora

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I am not going to say it is impossible to be a successful trader within 6 months, but it is unlikely if you are going to be self taught. I blame the marketing and advertising that brokers put out there, selling the dream of becoming a millionaire in a short period of time.

The problem is that it is possible, but its similar to me saying you should go ahead and spend all your money on lottery tickets so you can become a millionaire. I just want to lay out some of the cold reality first. One thing that I have come across quite often in my years as a trader, is that the number one account killer comes from people not having the right foundation.

They start trading with little or no knowledge of what is actually happening and this is similar to gambling. You get the occasional person who wins big and they post all over the internet, and you rarely hear from the ones who made nothing or lost everything. Then when it comes to strategies there is no such thing as a holy grail strategy that always works.

And one strategy that works for one person may not work for another. Different people have different risk appetites, some people feel the need to trade a lot and gravitate towards faster moving scalping systems and others prefer the long game.

So finding the right type of strategy for you is important. Now for the good news. I have met traders who managed to start making profit a few months after starting, with live real accounts. The amount of profit varies depending on the time they put in as well as how much money they could start with.

These are the steps I feel that everyone who is learning to trade Forex should take. If you are genuinely wanting to do this for the long term and not need to have a boss, then take it seriously and do it properly. Now here is my shameless punt.

I released a free course no funny strings attached which a local broker is hosting to help people out and hopefully stop them from being scammed. If you want the course which covers all of those things and gives you a great foundation to work from, go to Online Courses — JP Markets. Published by Morne Beukes on 12 Aug Categories Blog. You need a good understanding of what it actually is, not just download and stare at Meta Trader for a while.

Learn about different strategy types. Not just scalping and long term trading, but also the difference between Technical Analysis, Fundamental and Sentiment trading strategies.

Learn the basics of each of the main types. And try it out, see what works. Find the two that you feel most comfortable with and practice more with those. The one as a trigger reason to consider entering a trade and the second as a way to confirm your trade decision. Explore more strategies based on your main strategy type. For example, if you are using Technical analysis as a trigger and fundamentals for confirmation, you might want to learn how cross over systems work, then double stochastics, MACD and so forth.

To expand your portfolio of expertise. Morne Beukes. Related posts. The Growth of Forex Trading Read more.



Rupee reverses gains, trading 22 paise lower at 74.87 post Budget speech

It is a question that would be incredulous, if only it wasn't so commonly asked. Traders are dabbling in the stock market with expectations -- and asking questions to that effect -- that would nearly be mathematically impossible to realise. A user on Quora, an online knowledge-sharing forum, asked : "How can I make 6 percent profit per day trading in the stock market? A seemingly innocuous query for those not very well versed with the concept of returns and compounding. For those who are, a 6 percent profit every day, compounded daily with profits reinvested for a year would mean Rs 10, would grow into Rs 3, crore. This is not counting weekends, on which markets are closed.

About Trading Quora Jump. trading bitcoin South Africa trading platform with market depth Singapore web based forex trading platform Malaysia bitcoin.

Rs 10,000 to Rs 3,700 crore in a year via trading? Quora (incredibly) thinks it's possible

They scammed a lot of money. Show the current price of OneCoin in India is approximately Forex trading is one of the most popular Onecoin Naechster Split forms of trading available today and accounts for roughly USD trillion in economic activity on a daily basis. Stasi victims and citizens who had been under surveillance were allowed to examine their Stasi files. Onecoin Rate Today. Today, the website is already closed. Until a few months ago, investors with purchasing power could exchange their digital coins for other currencies via the OneCoin Exchange platform. Onecoin Exchange Rate. OneCoin has 4. Interbank ATM rate is


Stock Trading Jobs Quora

what is forex trading quora

Trading in any sort of financial product including forex, CFDs, stocks, and cryptocurrencies entails a high stage of threat. Trading additionally involves risk. Futures CFDS though excessive risk can have a decrease barrier of entry than traditional Futures trading. The regulation a broker has in place and from which regulatory our bodies communicate volumes about their repute and how secure their trading surroundings really is. You can manually open your trade in any broker account in an internet browser that you simply select.

As of Oct The value of INR is largely related to crude oil prices.

Best Stocks To Buy Now In India at Best

I am not going to say it is impossible to be a successful trader within 6 months, but it is unlikely if you are going to be self taught. I blame the marketing and advertising that brokers put out there, selling the dream of becoming a millionaire in a short period of time. The problem is that it is possible, but its similar to me saying you should go ahead and spend all your money on lottery tickets so you can become a millionaire. I just want to lay out some of the cold reality first. One thing that I have come across quite often in my years as a trader, is that the number one account killer comes from people not having the right foundation. They start trading with little or no knowledge of what is actually happening and this is similar to gambling.


Complaints

Murex trading platform. Operating from our 19 offices, Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is used by banks, asset managers, corporations and utilities, across the world. Murex Trading. By going through this post, they can make a decision of going with either binary options trading or forex trading. Beat me and others out of hundreds of thousands of dollars.

IMC: Forex Day Trading Strategie Resource Trading Group Pty Ltd was incorporated on (Thursday)and as of 11 March (Saturday) is a.

Question From Quora – How Do I Become A Self Taught Successful Forex Trader In 6 Months?

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An options contract gives an investor the right, but not the obligation, to buy or sell shares at a specific price at any time, as long as the contract is in effect. By contrast, a futures contract requires a buyer to purchase shares—and a seller to sell them—on a specific future date, unless the holder's position is closed before the expiration date. Options and futures are both financial products investors can use to make money or to hedge current investments. Both an option and a future allow an investor to buy an investment at a specific price by a specific date. But the markets for these two products are very different in how they work and how risky they are to the investor. Options are based on the value of an underlying security such as a stock.

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