In my opinion, foreign currency trading is the best business you can have. It provides not only an opportunity to make profit, but also explore economic connections and macroenvironmental factors of this world. For traders, this market provides an opportunity for heavy use of leverage. Downside risk, like in other trading alternatives, exists, but it is limited. Unlike traditional business, trading on currency exchange allows greater flexibility, which in turn can result in your decision to cut losses and execute that decision immediately.
- Regular trading is extremely hard, confusing and dangerous. There are so many patterns, indicators, strategies and setups that it takes years and years to master before you start
- You must have some money to make some money, and it is possible for you to generate outstanding returns on limited capital in the short term.
- Sometimes you might find yourself suffering from trading remorse. This situation happens when a trade that you open isn’t immediately profitable, and you start saying to yourself that you picked the w
“If your brick and mortar business doesn’t work out (for whatever reason), you may be personally liable for the debts of your business – including outstanding payments to your suppliers and contractors.”