Please take a look around, and feel free to .
Yes right because forex market is very dynamic, and about psychological factor is big reason on trading, when borrow money it can leading you to chasing profit because you have target to pay loan, but forex market is very fierce and no mercy, we can losing easily
loaning to trade is very bad in forex trading so all that we need to do is follow the right track which can help us gaining when our knowledge meet with opportunity what we get is nothing but complete succees
So many negative reviews in forum communities about demo trading. And it is one of the major reasons why new Forex traders are discouraging from this trading place. Practically you could not earn real money from demo but of course you could earn real trading experience from here. Now it’s your choice.
Its not good for any trader to loan money to trade because forex trading seems too risky for sure and we could lost our investment and enter into trouble with the person that lean us the money also consider that you could lost huge in a minut
Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you have to prove your consistency in profit making.Sometimes, some traders who are just knowledgeable in the business complain a lot about small capital and a major hindrance to why they are not making it big. They would want to trade as though their life depend on it since their experience can prove it to them. That makes me wonder why a trader wouldn't take some loans if he wishes to earn big provided he has the skills to see him through. If he can topple his capital by at least 10% in a month, then there is nothing stopping him to take a loan with 7% interest and repay after some time.
If you have adequate experience but less capital to trade, would you obtain a loan when the need arises?
Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you have to prove your consistency in profit making.
Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you have to prove your consistency in profit making.
The thing is if you don't take load (leverage) then you can not make decent profit in the market. So it is necessary to take a loan from the market to enter a position and use your own fund to manage the trades.
Yes, leverage is important but; we have to understand the standard ratio of leverage. Personally, I don’t like to use more than 1:100 leverage in all kind of trading accounts.
Well it's your personal choice and a good one. I myself like to use 1:500 leverage. As long as I am not doing anything stupid with my lot size, leverage is not hurting me. And I have learned my lesson on abusing leverage.
Nice to know, but how many trades (maximum) do you open in your account? Yes, on different trading pairs?
Well normally I run one or two trades. But there are times when I run multiple trades at a time. But my first priority stays within how much of my capital I am risking.
A foreign currency exchange trader may lack capital so it can be somehow troublesome for them to take participate in trading with such smaller amount. I personally think that those traders who lack funds can borrow funds from his broker with the use of leverage. But higher leverage can be risky but with the proper management of funds a trader can trade efficiently with the moderate leverage level.