Trading Forex can be exciting, and has the potential to provide a little extra positive cash flow on the side. However, there are certain things traders should do when dealing with the markets, especially if they are going to be trading someone else's funds. Here are some tips for trading responsibly.
One of our favorite things about the Apiary Community is how diverse it is; we have traders from all walks of life and from all over the world learning to trade online. We interact with our traders through online chat rooms and classes, but the highlight of teaching, to us, are Apiary Summits where we are able to meet and work with our traders face to face. So the question is, is learning online or in a physical classroom better? What are the strengths and weaknesses of learning to trade online?
The older we get, the more we might realize that anything can become a metaphor--especially when trading forex. It takes a lot of practice and determination to keep up in the currency markets. The more experience you gain, however, the more you are able to take away from the markets (both monetarily and intellectually). Below are some life lessons we’ve obtained from the wonderful world of Forex: