Quick Answer: Where can I find forex traders?

Where are most forex traders?

Although the UK and US remain by far the largest centres of Forex trading activity1, our modern trader report found that a third of online traders are based in Asia and the Middle East, which is over a million more than can be found in Europe and Northern America.

Are there real forex traders?

Yes—forex trading is a legitimate way of making money.

But, it’s not easy, and there are many forex trading systems that are not legitimate—scams—that should be avoided. And unfortunately, many newcomers to forex trading have unrealistic expectations about how it works and how profitable it can be.

Who is the best trader in forex?

The 5 Best and Most Famous Forex Traders of All Time

  • #1 – George Soros.
  • #2 – James Simmons.
  • #3 – Stanley Druckenmiller.
  • #4 – Bill Lipschutz.
  • #5 – Bruce Kovner.
  • Why these traders matter.

Do banks have forex traders?

No. Not all South African banks make Forex Trading available. However, the major banking institutions, such as those mentioned here, do indeed make Forex Trading available.

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Who is world best trader?

George Soros is arguably the most well-known trader in the history of the business, known as “The Man Who Broke the Bank of England.”6 In 1992, Soros made roughly $1 billion in a bet that the British pound would depreciate in value.

Why is forex so popular?

Forex trading is popular because of the ease of entry and low margin requirements. There is also a lot of money that gets made and lost quickly. This attracts gamblers who can now hide behind the idea of trading financial instruments. Many people want to change their lives.

Why forex is a bad idea?

Maximum Leverage

The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex traders to take on such huge and fragile financial risk.

Is forex real money?

Forex is a legitimate endeavor. You can engage in forex trading as a real business and make real profits, but you must treat it as such. “Forex” is an acronym for foreign exchange (forex). It is not in and of itself a form of money.

Should I invest in forex?

Investing in forex is a great way to start investing. It’s easy, accessible, flexible, and massive as a market. There are great opportunities for education, profit, and long-term investment potential. It is for these reasons that starting your investment journey with forex is a great idea.

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Can I be a millionaire in forex?

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

How long does it take to master 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.

Who is the owner of forex?

filed for bankruptcy on December 11, 2017. The operating company, known as FXCM Group, is now owned by Jefferies Financial Group, which changed its name from Leucadia National Corporation in 2018.

FXCM.

Type Subsidiary
Services Broker Foreign exchange market
Parent Jefferies Financial Group
Website www.fxcm.com

Can I teach myself to trade forex?

Self-education

Individual study is the first and the most accessible way to learn to trade the forex market. This type of training implies that you have to go by yourself all the way, from the very beginning to the end.

Do banks lose in forex?

Forex is by far the largest financial market out there. It outstrips the stock market by a couple of orders of magnitude. Of course, banks are not going to stay on the sidelines of such a large amount of money. In fact, Forex is largely driven by banks, more specifically central banks!

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What is a forex trader salary?

Average Salary for a Foreign Exchange Trader

Foreign Exchange Traders in America make an average salary of $102,164 per year or $49 per hour. The top 10 percent makes over $174,000 per year, while the bottom 10 percent under $59,000 per year.