Resolved Question
What kind of trading is the best: currency trading or standard trading?
I’m completely at a loss on what kind of trading to do: currency trading or standard market trading? It seems to me that currency trading is much easier and more predictable than putting money on company investment. I understand forex traders just have to do some regular research to succeed. And that it has more chances of succeeding than throwing at financial pages randomly. Is my understanding of forex correct?
over 2 years ago
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By "standard trading" you are referring to stock trading, am I right? If so, then the forex market does have its advantages over the stock market and you have already mentioned one. It's relatively easier to do research on a set of countries than to monitor a bunch of companies looking for a good stock to trade. Also, economic information from these countries is easily accessible, compared to corporate information which is usually confidential. For more advantages of the forex market, you can visit the link I posted below...
over 2 years ago
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Answers (8)
The essence of trading is buying and selling. You buy from someone or you sell to someone. Keep this in mind while learning what makes the forex market tick.
over 2 years ago
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Yeah, currency trading seems easy but it really needs a lot of knack than luck. You have to understand the forex market so that you’ll be able to predict the result. Be warned though because the results are not always predictable. On the other hand, investments in companies are considered as long term arrangements—and so the returns are not as quick.
over 2 years ago
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If you want liquid and short-term, go forex. Investments in stocks are long-term and less liquid. In forex, you’re in control. In stocks, you’ll never know what happens to your money—unless you work in the company.
over 2 years ago
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Short term trading does not assure profits and earnings but there are lucky people who traded large value with just a little dough. The safest route to the trading peak is through a demo account. Save your cash until you’re sure of what you’re doing.
over 2 years ago
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For newbies, a demo account is strongly recommended. This is free. Before taking the final plunge, be sure you’re wearing a life vest. Otherwise, you’ll drown… along with your money. :| Never be over-confident so start small.
over 2 years ago
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I’ve been hearing a lot of good things about demo accounts so they must be useful and good. I don’t know if I’m lucky or not—for learning forex trading without a demo. I wish I did… sigh… When I think of all the money that I lost during my learning years… sigh again…
over 2 years ago
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It will be up to you. If you ask a forex trader, he’ll tell you to choose forex. A company person will tell you otherwise. Because I am both, I could suggest that you go forex and stocks, too. Currency trading is fine but I get more excited with stock market. It’s the gambling thing, I think. A win or lose situation.
over 2 years ago
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