9 views and no comments... share your opinion about forex trading and why indians are so less in numbers in forex trading.. they are not taking much interest in forex trading as in case of a stock market. While the fact is that, in forex trading, u earn in dollars, u have a high leverage and liquidity.
Risk management is key to survival. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.
Some traders feel that they need to squeeze every last pip out of a move. There is money to be made in the forex markets every day. Trying to grab every last pip before a currency pair turns can set you up to lose the profitable trade that you are sitting on.
Sometimes you might find yourself suffering from trading remorse. This happens when a trade that you open isn't immediately profitable, and you start saying to yourself that you picked the wrong direction, and then you close your trade and reverse it, only to see the market go back in the initial direction that you chose.
Many new traders try to pick turning points in currency pairs. They will place a trade on a pair, and as it keeps going in the wrong direction, they continue to add to their position being sure that it is about to turn around this time. If you trade this way, in the end you end up with much more exposure than you planned, and a terribly negative trade.
Some trades just don't work out. It's human nature to want to be right, but sometimes we just aren't. As a trader, sometimes you have to just be wrong and move on, instead of clinging to the idea of being right and ending up with a blown account.
Thanks a lot for your feedback about forex market. However if you see the "risk factor" it is everywhere, be it even a stock market. In forex trading you just need to be rightly able to balance the risk factor and trade, then u will get it just ri8. Its a vast subject lot more to learn and earn.
It seems you have a good update about forex market though u r an HR person.
Well, I have heard many banks and big corporates are into forex market and making huge money everyday.