In 2016 alone over 250,000 traders read over 18,500 forex broker reviews from our database and added almost 2,500 forex pip value ones. Combined with our investigations, traders court activity, and early scam alert warnings we are aware of many forex brokers that are likely to be stealing traders money right now.
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That is a loaded question, for sure! And the answer is not a simple binary choice. Exactly what US forex trading rules am I referring to? Constricting limits on “LEVERAGE” and “REQUIRED MARGIN”. FIFO or First IN, First OUT rule. Hedging is when the trades in the account all work as autonomous entities, and therefore you could possibly have BOTH buy trades AND sell trades open in a specific pair at the same time.
If the Forex Market is open, I am available to assist you – any time, any day, with live, interactive help to assist you. Here we go with another loaded question! And once again I am going to tell you the unvarnished truth, so get ready. Because of the high leverage, many people see the opportunity of forex as a way to turn a small investment into wealth beyond their wildest dreams! WAKE UP PEOPLE, THAT IS NOT GOING TO HAPPEN! Greed is the first and worst destroyer of forex traders!
Forex can seem a lot like a really exciting and fun video game it is NOT! Forex can seem a lot like on-line gambling it is NOT! Forex can look like the lazy mans way to wealth it is NOT! If what you are looking for is the adrenalin rush that forex can often provide, then I suggest you join a roller derby team instead, as roller derby will leave you less battered and bruised in the long run. To be successful in forex, it is important to start with reasonable attitudes and objectives and full knowledge of the associated risks.
Funds in your forex account should ALWAYS be considered “at risk” because there are a lot of ways to lose money. Not only can you lose money from a bad trade, but you must also consider the possibility of your broker going under, a country’s currency collapsing, internet problems, your account being hacked, government regulation changes, etc. Forex should ALWAYS be seen as just one element of a well diversified investment portfolio. If you can’t afford to invest at least several thousand dollars into your forex account, then you really should not be trading forex. Be prepared to spend a lot of time learning to trade. Forex is not just another version of equities trading. Although the trading platforms work like stock trading, and the charts look like stock charts, forex IS NOT stock trading and those who try to trade it like stocks will most likely lose over time.
Have a plan for your forex profits! Don’t expect to let your forex profits continue to compound in your forex account. As profits accrue, regularly withdraw those profits and re-invest that money into other asset classes. With a properly funded account BOTH of these are totally preventable when using a coherent trading strategy.
YES, IT IS POSSIBLE TO TRADE FOREX WITHOUT CLOSING ANY TRADE FOR A LOSS. If you would like to learn how, sign up for my mentoring program and start learning today, but fully expect that it will take six months to a year before you will master the strategies to full competency. You will be able to see my screen, watch my trading, hear and see my audio trade alerts list, ask questions, and communicate with other students. In addition to this, you will have access to all of my live, pre-scheduled specific topic training sessions and video library of past sessions. All information contained herein and associated information including live and recorded training sessions, documents, strategies, etc.