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Old 2nd January 2011, 14:37
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Default Gain Potential with Foreign-exchange (forex) trading

Foreign-exchange (forex) trading consists of the buying and selling of world currencies, and its marketplace is among the most liquid in the world. The unique aspect of trading forex is that individual investors can compete with large hedge funds and banks - they just need to set up the right account.
Pros
Service
Because the standard account requires adequate up-front capital to trade full lots, most brokers provide more services and better perks for individual investors who have this type of account.

Gain Potential
With each pip being worth $10, if a position moves with you by 100 pips in one day, the gain will be $1,000. This type of gain is not possible with any other account type, unless more than one standard lot is traded.
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Old 3rd January 2011, 14:37
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Yes, forex is a very risky market but it is a good source for income. With proper money management ansd great strategy, traders can becpme successful in trading. There are many brokers out there but make sure you get the legit ones.
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Old 3rd January 2011, 17:29
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It's even easier to lose $1000. This is mostly due to our natural human tendencies. This link is something every trader and will-be trader should read and make notes on:

Useful Forex Trading Tips
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Old 8th January 2011, 19:24
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Everything in investing has a balance, higher gains equals higher risk. This is what seperates standard investors from forex day traders. Day traders know the risk and are willing to sacrifice for the big gains, even if there are a few days of large losses.
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Old 29th October 2011, 06:49
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Forex is a decentralized financial market .Yes, it is an easiest way to increase your income but if you are new to this field you can go for the demo trading tactics to move further in a forex trading.It is totally depend on logical and consistent calculations. Therefore, traders must have the good knowledge of these calculations.
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Old 7th November 2011, 01:11
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Yes, it is a decentralized market but one that's very risky. And FYI, the amount/pip depends on the account you opt for and leverage used. But on the plus side, once you've gained the experience with some play money [demo ac], you can get started on the real thing..
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