The forex market has very low barriers to entry, making it one of the most accessible day trading markets in the world. For example, if you cannot stomach going to sleep with an open position in the market then you might consider day trading On the other hand, if you have funds that you think will benefit from the appreciation of a trade over a period of some months, then a position trader is what you want to consider becoming.
Their prices are usually the same as market prices just today 23 January 2017 where I noticed that the price of Natural Gas for Plus was 27 pips lower than the price in the markets, so that made me wonder whether they did a rollover to March or they are still trading February contracts cause the roll over was on the 22 January 2017.
It is also worth noting that due to the fact that there are no indicators underneath the price, like the MACD and Stochastic in the above chart, you have a completely uninhibited view of price which allows for a less distorted and larger view of the price action than if you had multiple indicators taking up the bottom portion of your screen as can be seen in the chart above.
A day trader can also make 2% or 3% on account equity several times a day, where it may take an investor several months to make 2 or 3%. That said, short-term trading can result in rapid losses if you don’t know what you are doing…but that is why you are making this trade plan!
But in the forex market where the minimum transaction values were initially 100K or 10K and a shell-shocked online trading public were lured to utilize the advantages” of the high leverage with accounts of just $2,000 – $3,000 or mini accounts of $200 – $300, the minimum leverage certainly played a role.
Some traders like to stick to trading only two or three major pairs, but the major major worry with this is that instead of only trading the very best setups the trader can feel pressured to overtrade and trade rubbish setups that they shouldn’t be because they are only watching the one or two charts.
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I have question, there is an agent or employee of a brokerage company suggesting me to open an account worth 100 U.S. dollars, I like to believe that it is possible since I have so limited cash; now I like to request your opinion Chris that 100 U.S. dollar is enough for a capital for forex, anyway I am new and have no experience about forex trading and I still studying your articles.
It doesn’t matter where you live or even where you are right now; as long as you have access to the internet, a trading terminal (a special program for trading Forex) and an account with a Forex broker, all the instruments and opportunities of Forex are open to you.