Benefits of forex trading over other trading businesses?

[rizwanramzan]

Forex trading is becoming the most popular business in the world. Due to the huge amount of profit in forex trading. A large number of people join this business daily. However there is also a huge risk of loss in forex. It's a risky market, if a trader without knowledge starts this business. Hence, we can say that forex trading is a difficult business, not all people can earn profit from it.

On the other hand, there are other trading businesses like: stock trading, oil and natural resources trading, etc. So why do people prefer forex trading as compared to other trading businesses? Share your opinions on this topic, I want to know about it?

 

[elcidofaguy]

Forex trading is high risk! It can be fun - but in my opinion it is the same as gambling.... It all depends on your knowledge of current/global affairs and being able to forecast... But even that is rubbish as the stop losses can get hit quick with wild fluctuations... Just when you think you have it figured out - BAM!! You lose lol.... I would strongly recommend that you don't get involved with forex unless you have spare cash.... and know when to stop... For me it is not a way to make a living online... I have some friends who do make a living from the stock market - but that is based on long term assets such as the big companies and investing in new ones which look very promising in the long term.... as well as putting funds into experts who operate hedge funds...

 

[rizwanramzan]

rizwanramzan

Thanks for your kind opinion, I was just going to start forex business. But as you stated the defects of forex trading, I am really distressed. I don't have enough knowledge about global currency affairs. Hence it would not be a good business for me.