How risky is Forex trading?
You cannot lose more than your initial investment (also called your “margin”).The profit you may make is unlimited, but you can never lose more than the margin. You are strongly advised to never risk more than you can afford to
If you don't agree and you're sure you cannot lose more than your initial investment, then I say I am very happy for you, please carry on.
If you do agree, my explanation serves no purpose.
If you're not sure, read the small print on your account agreement T&C (trading, not demo obviously). But don't bother with small print if your broker is based in Narnia.
Actually, if you do know a way by which it is impossible to trade forex without losing more than your initial investment, please post it here, as you need to explain this.
Trading is never been, trader learn and make it easy to work with it. There may be so many tips given to trader for learning but the reality is that you have to implement them in real market then only you will get the real idea of trading.
Most of the people who think or interested in forex trading perceive success in forex trading entirely depends on system or trading strategy. But it is not always like that. In fact the foundation upon which the trading success depends is the mindset and psychology- the way they think and feel the market and the strategies they adopt in the process. People attempting gain money in short period normally bombarded by unrealistic expectations like turning $1,000 into $100,000 in a few months. More drastically their mindset and brain move emotionally rather than rationally causing easy loss of money. Thus to say even if the strategies and practices are important , your managing your emotion and rational attitude for trade is equally important for forex success. These two are also important for your future success.
No doubt, Forex forum is one of the most reliable way of learning Forex trading! When I was a new Forex trader, then I was an active member of all popular Forex Forums including this one! I must say, I didn’t require any trainer; I have learned technical and fundamental analysis with details by expert members of various forums! So, if you are a new Forex trader and want to learn Forex than please spend your time here!
A new trader would need to master certain essentials before he ventures into the forex trading arena. Remember, the foreign exchange market can be very friendly to those who know how to play it. It can be dangerous though to those who are reckless and play it unprepared.