The only con for me of Forex Trading is that I was unable to start it earlier, and it is the biggest con of my life, for me Forex Trading would be the best way to make money online.
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I feel the very same.
Quant Trader - My Blog: quantstop.blogspot (dot) com
Pros: It is one of the most liquid market. Available through OTC, Cash and also exchange.
Cons: It is very unfair market. big players are cheating while small players don't really know they have been cheated.
Pros: It is one of the most liquid market. Available through OTC, Cash and also exchange. Cons: It is very unfair market. big players are cheating while small players don't really know they have been cheated. You may like to read this article: http://www.bloomberg.com/news/articl...ing-currencies
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It's sad, but part of the system. In the inter bank market, banks always have the advantage.
Quant Trader - My Blog: quantstop.blogspot (dot) com
You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody - Dr. Alexander Elder, Trading for a Living
trading can make your life all you want it to be...no bastard boss telling you what to do...lots of $$$...time to spend with your family...time to hang out on the forum...time to spend doing the things you love, really love, to do. -- Merlin from FF
Cons:
You will literally sell your soul and put in a massive amount of chart hours to get to the required skill level. --> and --> not everyone will make it.
Everything has its own pros and cons. So does FX.
PROS: ·Round the clock trading ·Highly liquid ·Fx markets provides leverage for trading ·Online tools and services ·Automated trading softwares ·Comparatively Lower transaction costs, normally limited to the spreads
CONS: ·Highly volatile market ·24 hour market changes ·Higher leverage can be bad ·Complex price determination
FX is very liquid, meaning there is very minimal slippage in entering and closing trades using every different; market, limits, and or stops. It takes 3 to 4 months for the same amount of money to change hands in the US equity market as Forex does in one day. Secondly Technical analysis works much better in FX than it does in equity markets. The last is common sense but its easier for a company to fail in one day than a country. Country's financial reports are more trustworthy than a companies (Enron).
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Saying a company can fall easier in one day than a country is totally irrelevant. First of all, a public corporation is under just as much scrutiny as a country. One could argue that some mega cap corps (AAPL,MCD,GOLD SACS) are under even more pressure due to shareholder concern, not to mention heavy government regulation by the SEC. I would also like to strongly disagree that country's financial reports are more trustworthy than a corporation. If we just look back to the financial housing crisis of 2008, the government allowed and aggravated a country wide crisis due to excessive regulations and manipulation of interest rates allowing banks to charge obscene fees on mortgage backed securities. Also, some would consider the volatility of the stock market to be a pro. Having low volatility and high volume isn't always a pro especially when you have to obtain a rather large position in order to make a profit (usually by the use of margin). Btw fundamental analysis is the way to go. Just my $0.02.
