How does a Forex trader get funding/investment?
There are plenty of ways for the one to get funding in FX industry, as this seems to be one of the most open markets. However, there are also many FX traders looking for additional funds, hence the task becomes rather challenging.In simple words, you have to be good and you have to be consistent in your trading results to be able to achieve large investments. Here is the path you should follow:Step 1: Track your tradesThere are a few websites that allow trade tracking. Connect your trading account to one of such services and begin displaying statistics for everyone to see. This is vital, as nobody will trust you their own money without a proven track of results. Once you get a decent name in trading - move to the next step.Step 2: Get connected with a brokerThere are a few FX brokers that actually offer their own PAMM account services. Such accounts are designed especially for the purpose you explained. Some people allocate money to a trader who is expected to make profit and get rewarded with a certain % from the profit. One of such brokers that offer great PAMM accounts is http://alpari.comStep 3: Let people know about yourselfEven though you can be already receiving fundings, the more money you manage, the higher profits you can get. This is why I would recommend you to start your own blog, twitter or any other way that can drive exposure to your trading results.
Best way to learn forex trading?
have a look at this guide http://www.bullbearings.co.uk/fx.trading.guide.php it is very comprehensive and ideal for beginners. This site also features a forex trading simulator and it's free so you can practice and understand forex market. There are also articles from experts and real forex traders with very valuable insights.
What are the risks of investing in forex trading?
Yes there are risks trading forex!But you can minimise them. What I have learned from my experience, money management is more important than your trading strategy. Its all about how much you risk to lose. Sounds confusing? Let me explain.Never risk more than 1% of your account per trade and please please don't trade more if you have already lost 2% of your account that day. Take a break tomorrow will be the next fine day.This will keep you from revenge trading which always kills your account.Always place stop loss, and your take profit should be at least equal to your stop loss. Doing this will keep you overall winning even if you lose 49% of your trades.Never force trade, some times I have to wait for week or so to have opportunity to trade. Keep in mind you are sniper not machine gunner. It's always better to not go trade if you are in doubt. Always always trade in the direction of long term trend, always try to trade trending pairs.Besides your trading plan if you practice these rules there will be very less risk.Risk can never be totally eliminated because this is business.
How do I start investing in Forex?
The simplest way to make money from forex is through currency trading. Usually, there are certain currency pairs such as USD/Euro, GBP/USD, etc (although you are not restricted to them, these are the most frequently traded!).So, for example, you would buy USD for your currency at a certain rate and then when the exchange rate of USD increases against your currency, you would ideally sell it to make a profit.Another controversial system is currency arbitrage. In this method, a trader takes advantage of the forex rate disparity between banks / financial institutions to make a profit.Given below is a simple explanation from Investopedia.For example, two different banks (Bank A and Bank B) offer quotes for the US/EUR currency pair. Bank A sets the rate at 3/2 dollars per euro, and Bank B sets its rate at 4/3 dollars per euro. In currency arbitrage, the trader would take one euro, convert that into dollars with Bank A and then back into euros with Bank B. The end result is that the trader who started with one euro now has 9/8 euro. The trader has made a 1/8 euro profit if trading fees are not taken into account.Read more here Currency Arbitrage Definition | InvestopediaIf you want a comprehensive walkthrough of currency trading, check this out Forex Walkthrough on Investopedia.Hope this helps.
How does forex trading work?
I've read all the information I could get my hands on, and I still don't understand. I think its because I'm making assumptions from preconcieved notions. Like, lets say the currency is USD/JPY = 91.003. Does that mean if I buy, I'm spending yen to buy dollars? Where the hell did I get these yen? And if I sell, does that mean I'm spending my dollars to get yen? So now I have yen in currency in my bank? Also, the prices fluctuate so much. In real life, how do they trade? I mean, lets say I have a profit of 5000$. By the time I call my broker, the prices may have shifted and now I have a deficit. How does that work?
Is Forex Trading risky and gambling?
I read that more than 80% of forex traders lose money their first year out. Some of these scam companies know this, and they don't invest your money at all. Just make you think you are investing online. When you close the account, they keep your original amount and give you the balance. You are better off with simply buying stocks, or even doing options. Ooops, I answered in investing - that means 20 thumbs down. Oh well.
How do I find a skilled Forex trader to invest in?
Damn! Things must be really desperate huh? Despite the fact you asked the question on Quora making it illegal for anyone in the UK to solicit your business under FCA rules, the fact you asked it means you don't have 2 nickles to scrub together.If you did have the kind of money worth managing then you already know who to give. There are agents for this kind of stuff who source high performing managers. Also the return in Forex is really low, it just has high leverage. Most managers have a balanced portfolio that spans not just paper assets but physical too. It is this diversification that makes money.You got yourself involved in gambling and now you want a tipster. To tell the truth, either follow pros who have diversified portfolios OrionHunterApp or just quit. Most people have fun money, the kind you can drink at the bar so simply just don't take it all too seriously, trade it in some good alerts and then just consider it beer money. Stop asking big boy questions. You won't get answer.
Is FOREX trading a good idea?
I am a 3rd year college student (entrepreneur) and I love business. I have been wanting to get myself into some trading with stocks and learn to build up from there. I have no prior knowledge or experience with trading at all. Through all my googling and researching I have found out about ForexTrading and it sounds interesting. Is it better to start with stocks and build up or does it really matter? From the people I have asked they said Forex trading is a bad idea. What sites should I look at for regular and forex trading? I found eToro for forex trading. What else would be good to learn and for regular stocks. Thanks
How can I find a Forex investor?
Hey,Let me comment on something else first, and then I will tell you how to get an investor.First of all, 50% weekly return is an extreme risk, and with such money management you will only be able to find 50-250 USD "investors". Every serious investor understands that risks always equal return, so when you have you can make at least 50% per week, an investor understands that at least a half of his investment could be gone within 7 days. Still, if you wanna get an investor there are a few things you should have:1. Proven history of trades. Get your MT4 hooked up with myfxbook or any other trade tracking service and trade trade trade. Once you have established 3-6 months of good history - finding an investor will be easy.2. Get a name. People love to invest into someone they know, respect and look up for. Start posting your analysis, comments and opinions on forex factory, trading view and so on.3. Convert online. Get a decent website that explains your trading strategy, the risk / reward strategy, payout scheme and so on. Provide people with information instead of making them search for it.You may of course sign up for MQL signals and see if you are lucky enough to get some capital there.You may also benefit from zulutrade, find out about it here ZuluTrade Review | Forex Bonus Lab | Copy Trade Forex. It is the largest copy trading network in fx.Still, develop your strategy to generate STEADY profits, don't hunt for these large % of return. If you make 50% per week, the chances you will lose everything are extremely high.