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  1. #1
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    Default Do you still think forex is risky after you learn how to trade?

    There are a great number of people who believe that forex trading is risky and compare it to gambling. However every good trader would know the difference - one you can determine the outcome base on studies on trends and patterns, the other is base on luck.

    While I still see many comments about it being risky, but I can see most of them are beginners, I would like to learn from those who had traded for some time, do you still think it is risky?

    I felt it is riskier if you just depend on your job for income, imagine you lose that job but if I have the skill to trade, at least i have an alternative.

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    Senior Investor Uncle Gober's Avatar
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    Forex will always be risky, whether you are a newbie or an expert. It will be foolish to think forex is not risky, one can lose a lot of money by having that kind of attitude.

    However, one can feel more comfortable and confident with forex trading once the trader gets experienced. When an experienced trader loses money, the trader knows the lost amount can be recovered by trading efficiently later on.

    Regardless of your experience level, you should take forex trading seriously. Like in the armada markets. Trader could be follow " Trade Of The month" contest, in this contest, Trader must shows not only good profits, but also excellent risk and money management skills.

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    Investor CahCuncun's Avatar
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    Forex trading is risk business. But we can minimize the risk if we want to get maximal result here. An as a trader, we must understand well about forex trading. We can learn from various source to learn about forex trading. TenkoFx also provide Forex education for their clients.

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    I learn enough in the current about the Forex trading and this time I am satisfied about the Forex trading. As I think that the Forex trading is not only a technical business but it is also a best source of earning. Every one know that the Forex is a risky business and I think if a trader have enough experience then he must be earn enough from the Forex trading.

    Forex trading is a knowledgeable business and there is a need of skills and experience. In this way there is a little risk for a trader. Because the Forex trading is not same to the gambling. Forex trading is a pure business and we must be got succeed in the Forex if we have enough knowledge and experience about the Forex trading.

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    Senior Investor Kaito Kid's Avatar
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    we must increase the trading experience that we do to reduce risk in the forex business. but traders need a protection scheme. one way is to use the insurance facilities.


    To reduce risk in the forex business is by choosing a trusted broker, a trusted broker had good service in all things including customer relationship. FBS providing a friendly support and has always held a lot of interesting promotions. Currently I always recommend using FBS to my friends. That’s not because of promotion, but to help them to find and trade with a good broker.

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    Investor CahCuncun's Avatar
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    In fact, forex trading is risky. But after i learn and keep learning in forex, i know how to minimize the risk. We can understand about forex trading using demo account. There is facility that can be used by traders, it should be maximized as well as possible. Demo account will teach us and make us be more understand about market.

    Open a PAMM account with TenkoFX for the chance to manage up to $100,000

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    Senior Investor Kaito Kid's Avatar
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    Quote Originally Posted by CahCuncun View Post
    In fact, forex trading is risky. But after i learn and keep learning in forex, i know how to minimize the risk. We can understand about forex trading using demo account. There is facility that can be used by traders, it should be maximized as well as possible. Demo account will teach us and make us be more understand about market.
    Yes Forex is risky, but we can minimize it with Insurance program. Did you know about FBS Deposit Insurance. This help a trader from the suffer of the loss.

  9. #8
    Investor CahCuncun's Avatar
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    Quote Originally Posted by Kaito Kid View Post
    Yes Forex is risky, but we can minimize it with Insurance program. Did you know about FBS Deposit Insurance. This help a trader from the suffer of the loss.
    That's good program. But what is the term and conditions? Is it easy to fulfill?
    I prefer to improve my trading skills, including in minimizing the risk and be more patience and discipline trader. The key to success in what i have mentioned. And i also try to apply when trading with TenkoFx.

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    Forex is risky IF you trade with no stop loss, bad risk and reward ratio, and when you enter a market in the middle of the trend. Not to mention if you have little knowledge in forex, so of course it's risky for you. Forex is not risky if you can trade with no emotion attached to your trades.

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    Quote Originally Posted by roc4x View Post
    Forex is risky IF you trade with no stop loss, bad risk and reward ratio, and when you enter a market in the middle of the trend. Not to mention if you have little knowledge in forex, so of course it's risky for you. Forex is not risky if you can trade with no emotion attached to your trades.
    I was already aware of the risk involved , bu ti know if i could do the preliminary homework before trading, i can certainly minimize the risk.

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