Is Live Trading forex legit?

Is Live Trading forex legit?

So Fx Live is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

Can you make a living day trading forex?

The Bottom Line Most traders shouldn’t expect to make that much; while it sounds simple, in reality, it’s more difficult. Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% per month, thanks to leverage.

What is a trading contest?

Trading competitions are available across most assets or markets. These competitions are very popular with forex traders. However, you can also find competitions focused on stocks alone. In some instances, you can also come across competitions that require you to trade anything you like.

Is forex currency trading legal?

Although Forex trading is permitted in India, citizens are not permitted to do so via electronic and online Forex trading platforms. In India, however, it is only permitted and considered legal when conducted through specified Forex trading places with the base currency being INR.

What is a trade allowance?

A special offer made by marketers to channels along the distribution line (wholesalers, retailers etc) over a limited time period to encourage a lower retail price and increase sales.

How do crypto trading competitions work?

Crypto fantasy contests usually involve head-to-head competitions where the winner takes all. You need to pick a certain amount from the available currencies. If they perform better than the currencies chosen by your opponent in the specified timeframe, you win.

Why is forex not allowed in India?

However, forex trading is held legal when one does it through specified foreign exchange trading platforms and the base currency is INR (Indian Rupees). Simply put, the Indian Government has limited trading for Indian residents to only trade currency pairs which are bench-marked against INR (Indian Rupee).

Is trading a good career?

If you are one of these people who like working alone, or at your own pace, trading is the perfect career for you. Everything you do – from the trades you take to the money you earn – stays under your control if you’re a trader.

How do forex traders make money?

An investor makes money in forex either when there is an appreciation in the value of the quoted currency, or by a decrease in value of the base currency. Another way to look at currency trading is to think about the position an investor is taking on each currency in the pair.

What is forex trading for beginners?

Forex trading: A beginner’s guide. Foreign exchange is the act of changing one country’s currency into another country’s currency for a variety of reasons, usually for tourism or commerce. Due to the fact that business is global, there is a need to transact with other countries in their own particular currency.

Is forex trading expensive?

No, forex trading is not too expensive. Forex trading is not expensive in the real sense, especially when compared to other financial markets. One can trade effectively with as low $100 and there are not many fees any longer apart from the swaps. Then the money you pay for your internet subscriptions.

Is forex trading difficult?

Forex is a really difficult business. To make money with forex you have to know the technique and have enough experience or you lose more than what you make.