What is unique about forex market?

[Kevin Vogt]

The beauty of forex trading is you can do it from anywhere. You are your own boss. If you know how to do it, it gives you freedom of time and money. The ugliness is it's the most risky business in the world. You can lose some money even before you understand what trading is. It's not easy as you have heard. You have to be skilled by dedicating yourself to learning and practicing.

 

[Oscar Shumack]

Discipline is important in forex trading to properly execute trading plan. Trading journal is helpful to maintain discipline in trading.

 

[Gito Dinev]

Traders can start trading with little capital like $100 unlike stock market. Forex also open 24/5.

 

[Kevin Vogt]

Among all the successful traders discipline is the common quality they all have. It doesn't have any kind of effect which approach you utilize, you ought to be trained. If you don't have discipline no strategy can save you from losing money.

 

[Faal]

Loss is an inviable part of trading that cannot avoid after passing a long time , but when we making loss , we lost control and trade over and over as a result we become loser ultimately and blame this market place.

 

[High_t]

For those who have good knowledge about this market, forex trading can give them good consistent returns. What's unique is that all traders study the same markets, same market conditions, but the different strategies, different extry/exits and plans, gives all of them, altogether varying results.

 

[Faal]

actually the success any kind of trading strategy depends on most powerful analyzing trading knowledge , so develop your money management first fo all. its for all traders.

 

[Alexander Hudson]

It is true that we should not use complicated trading strategy. The more complicated your strategy is the more loss you will incur in trading. Try to keep it simple. Simple is awesome. Simple strategy will help to to find more good entry opportunity.

 

[Alicia Lynch]

Interesting work in discipline and plan trading. It is possible to build a trading career with interesting things.

 

[Damini Chatterjee]

24/5 market is the most unique part of Forex, Gives you the freedom to trade whenever u wish to.

 

[chapinvestor]

Wow; are you a crypto trader? Doing basically BTCUSD trading or anything else?

Of course, and like I said am hoping my broker forexchief would add other options too. But before then at my free time I focus on tokens/coins with potentials like Feg, Dogecoin, safemoon, shiba inu and some others. What I do is buy enough BNB in case there is any new coin with potential I just swap with it.

 

[A_S]

The foreign exchange market is one-of-a-kind. The foreign exchange market is distinguished by its continuous operation, large trading volume, and geographical dispersion. Furthermore, this market employs leverage to increase profit margins. Instead of a fixed exchange regime, the foreign exchange is a floating exchange rate. As a result, numerous influences cause exchange rate fluctuations. Exchange rates are influenced by several factors. Political conditions, economic factors, and market psychology can and do influence foreign exchange rates.

 

[Smash Fun]

Unlike the stock market, the foreign exchange market does not have any restrictions on directional trading. Since traders always buy or sell a currency based on market conditions, you can easily go long or short based on your predictions of changes in its value.

 

[beanpole]

The foreign exchange market is unique because of its constant activity, enormous trade volume, and geographical dispersion. Furthermore, this market employs leverage to boost profit margins. Instead of being a set exchange rate, foreign exchange is a fluctuating rate. As a result, there are various factors which influence exchange rate fluctuations.

 

[Bahiya Shinam]

I guess, here you can reduce your risk percentage! No doubt Forex trading is so much challenging profession but the thing is, if you have a proper game plan & follow the money management rules so tightly; then surely your live trading sessions will be enjoyable!

 

[traderface]

I think it’s the availability of high leverage that makes forex trading so unique amongst all financial asset markets. Traders can open trading positions that are far larger than what they would have opened with their own money.

 

[FXOpen Trader]

I think it’s the availability of high leverage that makes forex trading so unique amongst all financial asset markets. Traders can open trading positions that are far larger than what they would have opened with their own money.

When we are making use of the Lower leverage then the risks into our trading will also remain on the lower side.

 

[Smash Fun]

The foreign exchange market offers the greatest leverage of any financial asset market. The arrangement of the foreign exchange market provides investors with up to 20 to 30 times the original investment leverage and trade in the market! This magnifies profits and gains.

 

[Manscape]

I think the combination of easy accessibility and high liquidity makes the forex market unique. But there is an element of risk in this market as it does in others, so traders should trade with a concrete strategy that involves risk management as well.

 

[David Marco]

Forex is all about uniqueness because you will find no other markets similar to it. You are flexible to work here and whatever it is day or night, you can trade here. Forex can give you return beyond your expectation which is nearly impossible from other professions. That’s why many traders kept Forex trading at the first position of their priority list.