Which would you rather do Forex or day trading?

Online trading is a great way for serious investors to make money, but inexperienced traders often end up with big losses. Good guidance can minimize the risks and save months of costly trial and error learning. 

Day Trading 

Day trading had its heyday during the 1990s bull market. All amateurs have since quit, but day trading is still practiced by professionals. Opportunities are fewer in the current market, but experienced investors can still find them if they know what to look for.

FOREX Trading

The Foreign Exchange Market (FOREX), the world's largest foreign exchange market, was established in 1973. It has a daily foreign exchange turnover of more than $1.2 trillion. 

Unlike many other securities, FOREX is not traded at a fixed exchange rate; Instead, currencies are mainly traded between central banks, commercial banks, various international non-banks, hedge funds, retail investors and not to mention speculators. Previously, smaller investors were excluded from FOREX due to the huge deposit amount. 

This was changed in 1995 and now smaller investors can trade alongside the multinationals. As a result, the number of traders in the FOREX market has grown rapidly, and many FOREX courses seem to help individual traders hone their skills.

In fact, it is advisable to take FOREX training even before opening a trading account. It is important to know the market mechanisms of FOREX, usage of FOREX, rollovers, and analysis of FOREX market. 

Because of this fact, potential FOREX traders would do well to either enroll in a FOREX educational course or even buy some books on FOREX trading. Signing up for a FOREX course has advantages and disadvantages. For beginners, a FOREX course is a quick way to learn the basics of FOREX trading. Not much time is spent on the history of the market or obscure economic theories. 

Online or telephone support from an experienced FOREX trader is often available to answer any questions. Furthermore, the information is condensed and practical, typically with graphs and charts. The disadvantage is the price because courses are pricier than a paperback from the bookstore.

Moreover, the course may only convey the approach of the trader who wrote it, and individuals have different trading strategies. The student can get used to the logic and focus of the teacher without realizing that nothing is predictable in the FOREX market and many strategies will bring profits in different market conditions. 

Additionally, knowing practical applications may not be enough as FOREX is highly unpredictable and there are many external factors such as: B. Political issues affecting the flow of finance in the market. The best advice would be to do some background research on the FOREX market first and then sign up for a course.