how real is the forex market trading

internet search can provide insights on whether negative comments could just be a disgruntled trader or something more serious. Who will eventually repatriate profits back to their own currencies. He says that, like any skill, it takes time to learn the techniques and strategies. Outside of location, you can do diligence based on how willing the broker is to talk about execution and their books. Churning is illegal and unethical. If the rand suddenly strengthens to R12.50, you can wipe out nearly 80 of your entire investment.

How real is the forex market trading
how real is the forex market trading

One broker in New Zealand and Alpari's UK division shut down due to losses that exceeded their excess capital. Potential Con: As a result of the liquidity and ease that a trader can enter or exit a trade, banks and/or brokers offer leverage, which means that a trader can control quite large positions with relatively little money of their own. This results in sharp movements and slippage. Scams take place in a variety of ways but have become increasingly rare because of increasing regulations. Unfortunately, scams have been a big problem historically, faced by everyone in the forex industry. I run an online share trading platform and I dont consider myself a forex trader. Reading the fine print will help make sure you understand all contingencies in these types of instances. Any real trader will tell you that spending a weekend learning the secrets of trading will not make you a trader, only experience will. The exchange rate is R13.50 for 1, so your R10 000 buys 740.74. This will take time, he says.