Frequent question: Who is no nonsense Forex VP?

This time on Trading Global Markets Decoded, our host Martin Essex is joined by the creator of training site No Nonsense Forex, known simply as VP.

Who is the number 1 forex trader in the world?

George Soros – the best trader in the world

His most successful trade gave earned him a profit of $1 billion in a single day. Soros is the author of many books about investing and finances.

Who is the Most Trusted Forex Broker?

Best Forex Brokers

  • CMC Markets: Best Overall Forex Broker and Best for Range of Offerings.
  • London Capital Group (LCG): Best Forex Broker for Beginners.
  • Saxo Capital Markets: Best Forex Broker for Advanced Traders.
  • XTB Online Trading: Best Forex Broker for Low Costs.
  • IG: Best Forex Broker for U.S. Traders.

Is forex a hoax?

While forex trading is legal, the industry is rife with scams and bad actors. Investors need to do their due diligence before venturing into what can be a Wild West version of global financial markets.

Who is the king of forex market?

Shashikant Sharma, a King of Forex Trading.

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Who is trade king?

Rakesh Jhunjhunwala, king of the trading ring – The Economic Times.

Which forex app is the best?

Best Forex Trading Apps

  • IG – IG Trading app.
  • Saxo Bank – SaxoTraderGO mobile app.
  • CMC Markets – Next Generation mobile.
  • TD Ameritrade FX – thinkorswim app.
  • City Index – City Index mobile, MetaTrader.
  • FOREX.com – FOREX.com mobile, MetaTrader mobile.
  • FXCM – Trading Station app, MetaTrader mobile.

Is FxPro a good broker?

FxPro says they are well‑known throughout the industry as a trustworthy and reliable broker. They are regulated by the FCA, CySEC, FSCA, and SCB.

What broker do professional forex traders use?

What brokers do professional forex traders use? Professional retail forex traders may use any number of brokers, depending on individual preference. Oanda, IG, FxPro, and IC Markets are just some of the popular options.

Is forex a gambling?

You should always have these aspects in mind, and always remember that forex trading is not gambling. When you accept this, your decision-making becomes better, and you can learn to develop strategies on how to make profitable trading positions. Forex trading is very different from spinning a slot machine.

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.

Can Forex make you rich?

Can forex trading make you rich? … 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.

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Who is Andy Krieger?

In 1987, Andy Krieger, a 32-year-old currency trader at Bankers Trust, was carefully watching the currencies that were rallying against the dollar following the Black Monday crash. … The currency Krieger targeted was the New Zealand dollar, also known as the kiwi.

Who created Forex?

Forex trading started during the time of the Babylonians. This system was designed for the currencies and exchange. In the early times, the goods are being traded for another tangible item. When the metal age began, gold and silver became the tool of transaction.

Who is the best trader in history?

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.