Why is Forex suddenly popular?
- Thread starter Klinger
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Because its tradable 24hrs a day 5 1/2 day's a week and it makes you take the weekend off, well thats what my pregnant misses say's anyway.
cheers
cheers
You are right about the buzz, there are some huge companies that are advertising great amount of money in forex trading, but I think the big money are going to the brokers themselves, if they have so much money to advertise, then logic says that they get a lot from people trading. The EA is somewhat of a gizmo that will not bring money in you account at all. I don't think that you will make so much money from ea software developing also, the real trader is you, not some software that can tell you when to buy or sell, most people know that.
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Why is Forex suddenly so popular?
Till a few years ago, trading forex was the preserve of a well-heeled individuals, banks and institutions, large hedgers and corporations. Then it opened up to the retail trader due to a combination of availability of on-line technology and changes in laws in the U.S.
The retail trader could now trade the largest market on the globe, from the comfort of his home, and using leverage up to 400:1. It became a second source of income, not to mention good conversation at cocktails. No wonder it has become so popular!
Till a few years ago, trading forex was the preserve of a well-heeled individuals, banks and institutions, large hedgers and corporations. Then it opened up to the retail trader due to a combination of availability of on-line technology and changes in laws in the U.S.
The retail trader could now trade the largest market on the globe, from the comfort of his home, and using leverage up to 400:1. It became a second source of income, not to mention good conversation at cocktails. No wonder it has become so popular!
On the EA part, wish I could agree with you on that. The problem is two part, the first one deals with the marketing buzz and as a result, a large number of newbies enter the market with little or no knowledge and fall for the EA "become a millionaire overnight" scam.
Of course, you can understand why a newbie may take the EA route for the other possibility is to do real grunt work and spend 6-8 months, making sense of the FX market.
And this is where most EA developers make real money, they develop a product that is supposed to work, host it online, target clients who are not sure how Fx markets work or are willing to spend time to learn how to go about it. And the rest..you know how this goes. I wish I could list some stats here regarding certain EA developers but it is not that hard to see why these developers are smiling all the way to the bank..
Of course, you can understand why a newbie may take the EA route for the other possibility is to do real grunt work and spend 6-8 months, making sense of the FX market.
And this is where most EA developers make real money, they develop a product that is supposed to work, host it online, target clients who are not sure how Fx markets work or are willing to spend time to learn how to go about it. And the rest..you know how this goes. I wish I could list some stats here regarding certain EA developers but it is not that hard to see why these developers are smiling all the way to the bank..
Suddenly popular
Thats news to me I 've known about it since 1997/8 have traded it since 2003
It used to be really good to trade until Dodd Frank totally F%$#&D it up. Now there are two things that forex has going for it that other instruments dont have. First is the rollover, but its only good when you are on the positive side of it and you have a large enough lot size where amount is meaningful. The other in my opinion is the 24 hour access. However there are only a few times throughout the day you should be trading the rest of the time you should be on the sides.
Thats news to me I 've known about it since 1997/8 have traded it since 2003
It used to be really good to trade until Dodd Frank totally F%$#&D it up. Now there are two things that forex has going for it that other instruments dont have. First is the rollover, but its only good when you are on the positive side of it and you have a large enough lot size where amount is meaningful. The other in my opinion is the 24 hour access. However there are only a few times throughout the day you should be trading the rest of the time you should be on the sides.
Popularity in Forex
I'm wonder to hear the popularity in the forex trade, and this is mainly the grace on the money were increased to be resulted in the huge amount with the trade...
I'm wonder to hear the popularity in the forex trade, and this is mainly the grace on the money were increased to be resulted in the huge amount with the trade...
Hi Fxpipper! The huge amount of gain on the result of trade make the forex to be popular in the trade market.... Now you understand?
Hi there!
Hi Eugene,
Yes, thanks for the clarification and if you review your initial post and the latest reply, you can see why others may be confused. And as regards the amount of money you can make in Fx trading, that's all true but in order to make the money, you need to learn how to trade effectively - which will take a while.
Either way, good luck!
Hi Eugene,
Yes, thanks for the clarification and if you review your initial post and the latest reply, you can see why others may be confused. And as regards the amount of money you can make in Fx trading, that's all true but in order to make the money, you need to learn how to trade effectively - which will take a while.
Either way, good luck!
Yeah, learning is the initial task to perform the trade in the forex as best! How long a beginner can take to learn the forex trade?
A long, long while - forex trading comes with it's own steep learning curve and the only way to effectively learn is to trade [starting with the demo and moving on to live accs and small lots].
The problem is that there are numerous online resources that you can get the info from, some free while others are valued at premium value. I would suggest that you review the free ones and see if your trading improves. And once you have netted a profit, use a small % to pay for a decent "all included" course..
The problem is that there are numerous online resources that you can get the info from, some free while others are valued at premium value. I would suggest that you review the free ones and see if your trading improves. And once you have netted a profit, use a small % to pay for a decent "all included" course..
Useful reply and guide to beginner how to get started into the forex trade! I think this is the good suggestion for learners to start the trade...
Have you used zulutrade demo account AbigelAA? Share your experience with the zulutrade demo trade!cuz it is very liquid and has lots of high returns. Open a demo with zulutrade to see for urself
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