Discussion Thread for Active Forex Traders. TD Direct Investing guides help new investors start stock market trading. Explore stock trading, CFD and Forex markets with a demo trading account workable via mobile app, with leading trading tools. A uk stock market forum. Goetz Financial Forex GFFOREX offer competitive trading conditions for Forex professionals, as well as beginners, all around the world, and provides a dedicated Forex trading server and experienced customer support as well as analysis of Forex market and a professional affiliate program.
Forex FAQ's What is currency trading? Trading in the exchange rate between two currencies. The spot exchange rate refers to the current exchange rate.
The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. How does currency trading work? All currency is traded in LOTS. Each lot has a different amount of currency. A trader may open a margin account, enabling him the right to trade lots in the currency. What is a margin account? A margin account is a bond account. Before you start currency trading, you need to place a certain amount into account to guarantee other traders you can pay them if you lose.
This account is monitored by your broker and he will not allow you to risk more than you have. How is money made on currency trading? Currency trading is carried out on a point or pip system. Traders are trying to capture points. Depending on the currency, each point is worth a different amount. Am I buying actual currencies when I trade?
With your margin account, you are buying the right to trade one "lot" of a currency. Each lot equals a different amount of currency, depending on the currency being traded versus the US dollar. What is Day Trading? As the name implies, the opening and closing of positions within the same days market session - whether in currencies, commodities or stocks is known as Day Trading. Many traders open and close many positions during the market session - known as intraday trading.
What percent of people really earn money on the Forex currency trading? Many who enter the currency trading market driven by greed and fear and may lack a sound risk management plan.
Those that have established an understanding of the opportunities, risks and possible systems stand a reasonable chance of minimising losses and coming out of trading sessions, maybe on a weekly basis if not by the day, in profit. It is important to understand risk and systems associated with currency trading. Speculators are urged to test systems in a virtual trading enviroment.
It is important to rigidly stick to sell points indicated by any system in order to limit possible downside. Is currency trading gambling? Currency traders hope to exploit price fluctuations and investors seek return on investment.
Both take a calculated risk that is minimized by knowledge. Like any speculation Currency trading is gambling if you trade on a "whim", trade emotionally or on advice of a "hot tip". Develop systems that are going to work for you!
Trade in a dummy account. Test your systems before using real money. Trading derivatives such as CFD's, Forex, Futures, Options or Spreadbetting carries a high level of risk not be suitable for all investors. Losses can exceed initial outlay and traders should test systems, training and knowledge in a demo account with dummy cash. Home Home Page About ukcitymedia.
Your browser does not support iframes.More...