Whether you are beginner in Forex trading or just planning to start your carrier as a Forex trader, you must be having n number of questions in your mind. Unlike any other form of equity or stock trading, Forex trading has its own rules and is very different from any all the other form of trading. In the below content we have tried to answer some of the most frequently asked questions on Forex.
1. Which trading platform is best for Forex?
Suitability of the trading platform mainly depends on the knowledge, experience and preferences of the trader. A beginner will prefer a platform like easy forex which are straightforward while some others with little experience and knowledge may like MT4 designed especially for Forex trading.
2. Which way is best for Forex trading?
Educating you about Forex trading is the best way to move forward with the trading. You are not only supposed to read the material available on internet but learn from other peoples experience and if possible enrol to some online tutorials.
3. Which trading software is best for Forex trading?
It will be injustice to tag particular software as the best as all software is designed as per the needs and preferences of the trader. MT4 and C-trader are the most commonly used trading software where former is designed especially for Forex trading and later supports other products like equity and ETF too.
4. What is the best way to become a good trader?
A good Forex trader knows how to keep himself in discipline. He knows how to keep a check on his emotions, come up with a plan and makes sure he sticks to the plan in order to avoid any problems in future.
5. Can an amateur make huge profits on Forex?
Every trader who have made a fortune for himself through Forex have started as an amateur. No one is born a Forex expert and everyone has to learn their lessons. So the answer is yes even an amateur has great chances of success in Forex.
6. Who is the best in Forex trading?
No single person can be tagged as best in Forex trading. Everyone has their own risk appetite and capital limits as per they trade and make profits.
7. Do people really earn from Forex Trading?
Yes many people have earned huge profits through Forewx trading. Some of them were able to bid goodbye to their 9 to 5 jobs and become self employed due to trading.
8. Can Forex be the best way of money investment?
You cannot tag it as the best way as there are many other investment options with low risk as compared to Forex. It depends on your ROI expectations.
9. What is better broker blog or non broker blog?
There are many excellent broker and non broker blogs available on internet. But I personally believe that a non broker blog will give non biased opinion comparatively.
10. Why there is high rate of loss in retail investors?
Retail investors usually lose money even after right training because of lack of discipline and bad money management.
1. Which trading platform is best for Forex?
Suitability of the trading platform mainly depends on the knowledge, experience and preferences of the trader. A beginner will prefer a platform like easy forex which are straightforward while some others with little experience and knowledge may like MT4 designed especially for Forex trading.
2. Which way is best for Forex trading?
Educating you about Forex trading is the best way to move forward with the trading. You are not only supposed to read the material available on internet but learn from other peoples experience and if possible enrol to some online tutorials.
3. Which trading software is best for Forex trading?
It will be injustice to tag particular software as the best as all software is designed as per the needs and preferences of the trader. MT4 and C-trader are the most commonly used trading software where former is designed especially for Forex trading and later supports other products like equity and ETF too.
4. What is the best way to become a good trader?
A good Forex trader knows how to keep himself in discipline. He knows how to keep a check on his emotions, come up with a plan and makes sure he sticks to the plan in order to avoid any problems in future.
5. Can an amateur make huge profits on Forex?
Every trader who have made a fortune for himself through Forex have started as an amateur. No one is born a Forex expert and everyone has to learn their lessons. So the answer is yes even an amateur has great chances of success in Forex.
6. Who is the best in Forex trading?
No single person can be tagged as best in Forex trading. Everyone has their own risk appetite and capital limits as per they trade and make profits.
7. Do people really earn from Forex Trading?
Yes many people have earned huge profits through Forewx trading. Some of them were able to bid goodbye to their 9 to 5 jobs and become self employed due to trading.
8. Can Forex be the best way of money investment?
You cannot tag it as the best way as there are many other investment options with low risk as compared to Forex. It depends on your ROI expectations.
9. What is better broker blog or non broker blog?
There are many excellent broker and non broker blogs available on internet. But I personally believe that a non broker blog will give non biased opinion comparatively.
10. Why there is high rate of loss in retail investors?
Retail investors usually lose money even after right training because of lack of discipline and bad money management.
