Profit factor within 1.0-1.5 means that the trading system is relatively profitable. Profit Factor within 1.5-2.0 means that the trading system is highly profitable.
Profit Factor above 2.0 means that the trading system is extremely profitable.
Why forex is the best
Compared with any other financial market, the forex market has the largest notional value of daily trading.
This provides the highest level of liquidity, which means even large orders of currency trades are easily filled efficiently without any large price deviations.
Can forex be a full time job
Becoming a Full-Time Forex Trader Trading Forex full-time is a high-pressure job and once it becomes your only source of income, there is no margin for errors.
Which is the biggest forex market in the world
London, New York, and Tokyo dominate foreign exchange trading. The currency markets are the largest and most liquid of all the financial markets; the triennial figures from the Bank for International Settlements (BIS) put daily global turnover in the foreign exchange markets in trillions of dollars.
Why is Forex so difficult
Why is Trading Forex Hard? The Forex market is said to be hard because it is the most liquid market in the world and billions of people and entities intervene in it.
Governments, politics, the weather, public health, corporate expansion or bankruptcy, the prices of foodstuff, everything influences the Forex market.
How much does a forex trader make
Forex Trader salary in India ranges between ₹ 1.8 Lakhs to ₹ 37.2 Lakhs with an average annual salary of ₹ 5.0 Lakhs.
Salary estimates are based on 41 salaries received from Forex Traders.
Are there Forex millionaires
The short answer would be “yes.” Simply look at the examples of Forex millionaires and billionaires.
They’ve experienced tremendous success, many of which started as working-class people. However, it’s important to remember that most Forex traders lose money, as this market is very volatile.
What is the most important thing in trading forex
The most important thing you can invest in as a forex trader is your TIME!
Every single trading day is a learning experience and if you stop learning, then you will never become a truly successful trader.
Take into account how much time it will take you to learn the basics.
What is strategy in forex
A forex trading strategy is a technique used by a forex trader to determine whether to buy or sell a currency pair at any given time.
Forex trading strategies can be based on technical analysis or fundamental, news-based events.
Who is the best forex trader on Instagram?
- ✅ Samuel Leach
- ✅ Austin Netzley
- ✅ Sam Seiden
- Walter Peters
- Jabulani Ngcobo
- @astroForex
- @millionaire_mentor
- Trade4Wealth
Who is the most profitable forex trader
#1 – George Soros George Soros is the world’s best currency trader. Born in 1930, the Hungarian trader is known for his 1992 short trade on Great Britain Pound (GBP).
He sold short $10 billion and netted more than a billion dollars. He is known as the trader who broke the bank of England.
How many people succeed in forex
A well-known figure in the Forex world is that 90% of Forex retail traders do not succeed.
Some publications quote failure rates as high as 95%.
Is forex based on luck
There is no luck involved in forex trading. The market is zero sum and successful traders find an edge within the market, then exploit that edge repeatedly.
Luck is not repeatable, like a trading edge. Traders that get ‘lucky’ on one trade, will soon after lose their profits.
Is forex halal or haram
In conclusion, while Forex trading, in general, is forbidden under sharia law, a modified version of Forex trading, i.e., Islamic swap-free version, is completely permissible and halal for Muslims to invest.
Is forex trading a skill
Key Takeaways. Being a forex trader can be a risky venture and requires a high degree of skill, discipline, and training.
For non-traders, you can still get involved in the forex markets through other channels.
Who is the best forex trader in the world?
- George Soros
- Stanley Druckenmiller
- Bill Lipschutz
- Andrew Krieger
- Paul Tudor Jones
- Michael Marcus
How much can I make on forex daily
In 2022, a successful novice can earn around $100 a day at Forex, provided that: his deposit is at least $200, he trades using the EUR/USD currency pair, with leverage of 1:100, and uses a successfully aggressive strategy.
The larger your deposit is, the larger your profit will be.
Is forex better than stocks
Forex trading is generally less regulated than stock trading, and forex traders have access to much more leverage than stock traders.
Forex trading uses pairs, so the trade depends on the performance of two economies rather than trading a single stock.
What is a forex trader salary
The salaries of Foreign Exchange Traders in the US range from $29,734 to $790,251 , with a median salary of $142,040 The middle 57% of Foreign Exchange Traders makes between $142,040 and $356,880, with the top 86% making $790,251.
How long does it take to become a profitable forex trader
Assuming you’ll be one of the profitable ones, it’ll likely take six months to a year–trading/practicing every day–until you are consistent enough to pull a regular income from the market.
If you make money in the first couple months it’s likely pure luck.
Who is the most successful forex trader?
- George Soros
- Bill Lipschutz
- George Van der Riet
- Andrew Krieger
- Paul Tudor
Can you earn a living trading forex
Yes, it is possible to make a more than decent living with forex trading.
However, in order to do that, you must become a profitable trader. Once you are making consistent profits, and are among the top forex traders, you stand the chance to become a profitable trader with your own funded trading account.
Does forex have a monthly fee
Does FOREX.com charge inactivity fees? A fee of $15 (or 15 base currency equivalent) per month is charged to accounts after there is no trading activity for 12 months.
Who is the best female forex trader
Linda Bradford Raschke She has also been a CTA (Commodity Trading Advisor) since 1992.
Raschke focuses on trading forex, futures, stocks, and options and is an exchange member of Pacific Coast Exchange and Philidelphia Exchange.
Is forex bigger than stock market
Comparing Forex to Blue Chip Stocks The foreign exchange market (forex) is the world’s largest financial market.
Many traders are attracted to the forex market because of its high liquidity, around-the-clock trading and the amount of leverage that is afforded to participants.
How long does it take to learn forex
It will typically take on average around 1 year for someone to learn to trade forex.
The technical side can be learned within a few weeks, but the risk management and psychology will take around a year to come to grasps with.
The majority of traders give up before ever learning to consistently trade the markets.
How much money can a beginner in forex make per day
On average, in a successful scenario, a novice trader can earn $4, $40, or even $400 per day.
Who is the most successful forex trader in history
#1 – George Soros George Soros is the world’s best currency trader. Born in 1930, the Hungarian trader is known for his 1992 short trade on Great Britain Pound (GBP).
He sold short $10 billion and netted more than a billion dollars.
Is forex a MLM
Forex is NOT an MLM. Forex is an asset that is traded around the world with the largest daily trading volume.
With forex trading, you can get by without ever interacting with anyone and can be a very isolating profession.
Where do forex brokers get money to pay traders
The Main Source of Income Are Broker Fees Some Forex brokers will charge a commission per trade, while others will charge the spread between the bid/ask prices.
The main way that Forex brokers make money is by keeping the spread or charging a set fee per round turn.
References
https://www.gobankingrates.com/money/wealth/5-fastest-ways-to-become-rich-according-to-experts/
https://www.daytradetheworld.com/trading-blog/forex-traders-all-time/
https://www.investopedia.com/financial-edge/1112/3-of-the-best-traders-alive.aspx
