Gain Potential with Foreign-exchange (forex) trading

[brain22]

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.

 

[alexander james]

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.

 

[JFogel]

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:

http://www.earnforex.com/forum/f4/useful-forex-trading-tips-1980/

 

[jmathers]

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.

 

[Fxpipper]

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..