What Is A Forex Trader: Advantages and Disadvantages
It is often considered a perfect method for everyone who wants to earn additional income and has some free time. Yet, Forex trading is not about free or cheap money. Most talks and rumors about it are too far from reality. Hence, if you are interested in this kind of career and want to make a try, start by weighing up all the opportunities and risks. Forex trading is a notion, which is quite simple to understand. It involves buying foreign currencies at lower prices and waiting for them to grow in value to sell them at a profit. So, if you ask us: “ What is a Forex trader? ”, we will answer that it is a person who buys and sells diversified fiat currencies on the Forex market. But that is a quite simplified definition. When an investor wants to earn from this activity, he cannot perform deals just on the basis of his intuition or by guess. It does not work like that. Traders devote a bigger part of their working hours to market monitoring, studying all sorts of charts and expert fore...