0
What are some of the potential drawbacks of online Forex trades?
Wiki User
∙ 10y ago
The same risk that comes with any stock trading, you could win or lose depending on where and how you put your money. Just makes sure you keep your passwords and log in information confidential and you will be good to go.
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoOne of the biggest downsides to online stock trading is overspending. Because the transactions are taking place at a faster pace than normal trading it is extremely easy for an individual to overbuy or overextend their margin. Most reputable online brokers will have a hard cap for clients to prevent this from happening but smaller firms will overlook a cap put in place by a customer.
Wiki User
∙ 10y agoTrading in online commodities can be rewarding, but there are risks. In general, when trading online, one does not have the benefit of an experienced trader as one would when trading through a firm that would manage one's investments. Therefore, one is taking more risk. However, the reward can be greater, as the fees of online trading are generally much lower than those of a major firm.
Wiki User
∙ 11y agoOnline stock trading carries a lot of risk, and can result in losing money if done wrong. Mistakes can be made easily, and experience is needed.
Wiki User
∙ 10y agoThere are many different potential drawbacks one might encounter when doing online Forex trades. The most notable issue would be the loss of all one's funds.
Add your answer:
Earn +20 pts
Where online can i find good, cheap, and easy exchange-trades?
Inexpensive, simple online exchange-trades can be found at Forex Trading. You can also find them on marketwatch.com, moneymagpie.com and scotttrade.com
What is a forex account and where can you get one?
A forex account allows you to trade in currencies in real time. It is an online based system that is really easy to sign up for and you would get on online. It also seems to allow other types of trades as well.
Who is the one that trades on Forex with an aim to gain profit?
i am
Where can one do Forex online option trading?
FOREX is short for foreign exchange market. Typically when trades are made on the FOREX market, it is done by one party purchasing an amount of one currency using another type of currency to pay for it.
What are the potential risks in online forex trading?
There is a substantial risk in online forex trading such as money loss. You have to be sure that the company you're dealing with is legitimate as well as it's risky in a way that you dont deal with real people.
What does the phrase forex trader mean?
The phrase "Forex Trader" means someone that trades on the Foreign Exchange market. (Forex is a commonly used abbreviation of Foreign Exchange market.)
Where cano ne find an automated Forex program?
Automated Forex programmes are used to scan the market for favourable trades. There are a few places online to purchase these. According to reviews, the best programmes to use are Shark 7.0, MT4 or Ninja Trader.
How could one find an online reliable Forex broker?
There are a lot of Forex Brokers review sites that offer information about the top Forex Brokers that are available. These brokers are rated based on their trades, brokerage and funding options among other things. Here are some reliable Forex Brokers: Alpar, MB trading, Trade King and E Toro.
What does EA robot mean in forex market?
EA means Expert Advisor. So it is a forex robot that serves as an expert advisor in currency trades.
Were can one learn how to do FX trades?
You can learn all about Forex Trading from many places online. Lots of websites offer free information or you can pay for online courses. You can also sign up to many forex trading websites for free and use demo acounts where you can try trading before depositing real money.
What is the advantage of using the online Forex trading platform?
The main advantage is convenience. You can do all your trades from any computer anywhere so do not need to go to specific place each time.
What can you use forex online for?
The company Forex online is a currency trading company that is placed all over the globe. Many people work for this company online so this is what you could use forex online for.
