menu search
brightness_auto
Ask or Answer anything Anonymously! No sign-up is needed!
more_vert
Is Forex trading the same as Stocks?

10 Answers

more_vert
Via broker ....

You can't directly trade into forex market without legal and authorised permission.

But, you can trade via broker.

They provide you software and technical support for trading in forex market.

Although, there are more mobile apps available and they are legal to trade in forex and binary trading.

I personally tried olymptrade and iq option.

There are other platforms as well.

I traded only 35$ not more than that.

Because it involves big risk and you can lose money.

So without proper knowledge and strategies, you cannot get profit.
thumb_up_off_alt 1 like thumb_down_off_alt 0 dislike
more_vert
Did you already experience profit from it? How long have you been trading?
more_vert

When I came to know about forex and Binary trading, I gave a try.

I lost 13$ but after knowing and learning and having some strategies, I won 35$ .

After, that I never tried because it's too hard to trade without market research and proper knowledge.

I just gave a try and it was quite successful and failure for 13$.

You can learn on internet about forex and binary trading.
more_vert
That's a nice try! And I know through your self-learning and determination, you can succeed more in the future. I wish I can learn it too. There's no harm in trying. What is important is that my will of course. With matching focus and patience, maybe it's possible. I will read about the platform you shared. thanks as well for the info.
more_vert
You can learn on YouTube and on official forex market community.

There are specific websites and community or forums dedicated to trading and stocks.

I learnt it on YouTube and download free pdf book related to forex market and binary trading.
more_vert
Successfully trading Forex trading requires in dept knowledge of the market, and understanding factors that influences market. News of investors pulling out of a country can affect currency trading for the period, so forex traders also watch out for negative news which may affect currency trading, but in every downward or upward trend there is a limit, mistakes people make is to assume that the trend will continue endlessly.  
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Forex trade can be done through identifying the right broker suitable to you as you cn not trade directly. You need to open an account with the preferred broker and deposit the required amount . Different brokers have different minimum deposits. Then you can start trading but be careful not to risk what you can't afford to lose. 
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Best way is using different Forex EA. Algotrading can be much more profitable, than manual trading. Search in google different Trading EA and choose, that you like.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
There is no one-size-fits-all answer to this question. However, some tips on how to earn in Forex trading include learning about the types of Forex prices and strategies that are being used, developing a strong understanding of financial concepts, and using market data to make informed decisions.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Earnings in Forex trading come from buying a currency at a lower price and selling it at a higher price, or by selling a currency at a higher price and buying it back at a lower price. Proper risk management and analysis are key to successful trading.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert

How can we earn in Forex trading?

Is Forex trading the same as Stocks?


Forex trading is the buying and selling of currencies with the goal of making a profit. Traders can earn in Forex trading by buying a currency when its value is low and then selling it when its value increases. Forex traders can also earn money by selling a currency when its value is high and then buying it back when its value decreases. Forex trading involves a lot of technical analysis, and traders must keep a close eye on global economic news and events that may affect currency values.


While there are risks involved with Forex trading, it is possible to earn a significant amount of money if you have a good strategy and are able to manage your risks effectively. However, it is important to note that Forex trading involves a high degree of volatility and is not suitable for everyone.


Forex trading is different from stock trading in several ways. The most significant difference is that Forex trading involves the buying and selling of currencies, while stock trading involves the buying and selling of shares of ownership in a company. Forex trading is also more focused on short-term price movements and has higher volatility compared to stock trading. Additionally, Forex trading operates 24 hours a day, while stock trading only operates during specific market hours

thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Forex trading involves buying and selling different currencies in the foreign exchange market, with the aim of making a profit from the fluctuations in exchange rates. Here are some ways to potentially earn in Forex trading:

Learn about the Forex market: Before starting Forex trading, it's important to have a good understanding of how the market works and the factors that can influence exchange rates.

Develop a trading strategy: A trading strategy is a plan that outlines how you will approach the market and make trading decisions. Your strategy should take into account your risk tolerance, trading goals, and the market conditions.

Use technical analysis: Technical analysis involves using charts and indicators to identify trends in the market and make trading decisions. This can be helpful in predicting future price movements and timing your trades.

Follow economic news and events: Economic news and events can have a significant impact on exchange rates. By keeping up-to-date with the latest news and events, you can make informed trading decisions.

Manage your risk: Forex trading involves a significant amount of risk, so it's important to manage your risk carefully. This can involve setting stop-loss orders to limit your losses, diversifying your trading portfolio, and avoiding over-leveraging your trades.

Choose a reputable broker: To trade Forex, you will need to use a broker. It's important to choose a reputable broker with a good track record, competitive spreads, and reliable customer support.

Practice with a demo account: Before trading with real money, it can be helpful to practice with a demo account. This will allow you to test out your trading strategy and get a feel for the market without risking any real money.

Remember that Forex trading involves a significant amount of risk and should only be undertaken with money that you can afford to lose. It's important to have a solid trading plan and to manage your risk carefully in order to potentially earn profits in Forex trading.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
The amount of money a funded trader can earn depends on many factors such as trading strategy , risk management abilities and experience level . the return amount can between 5to 15 percentage
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
People would buy a currency pair at a lower price and sell it at a higher price, and their income is the difference between the Buy and the Sell price. Broker gets a tiny commission from your trades called Spread.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
Whenever you have a question in your mind, just drop it on Answeree. Help our community grow.
...