Is Forex Trading in India Real Lucrative? Know the Truth!

The $6 trillion trading value is undoubtedly a strong lure today, bringing in several traders by the day. Forex trading is without question a rewarding domain, with the profit potential being uncapped. This means that with a strong approach, you can make hefty returns on the regular. On the outset, several traders might look for a reason as to why and how Foreign exchange is a viable option when several other genres are open too. 

Though competitive and scarily risky at times, foreign exchange can be your portal to success.
 

Here are 4 reasons why being a Forex trader is a lucrative option in 2019:

Know the Reasons Why Forex Trading is Lucrative in India

1) Get Started with Minimal Requirements: To establish yourself as a Forex trader today, the requirements are bear minimal. All you need is a trading account with a few hundred dollars in investment, a reliable broker like WesternFX by your side and the burning desire to learn. The low requirements are what make Forex so widely appealing!
 

2) No Ironclad Trading Boundaries: The freedom and flexibility offered to Forex traders are unmatched. Right from strategies to indicators to timeframes, you can work on grounds designed to meet and satisfy your tastes. There are no hard and fast rules here as far as your trading approach is concerned. So long as you manage your investments and the risks the market brings, you can succeed as a currency trader in a system of your own!
 

3)  24x7 Markets: A truly bountiful factor Forex trading has to its name, is the round-the-clock market availability. You can trade during the day, the evening or the night! Since currency markets open and close in sequential times, you get to enjoy a 24 hour experience as a Forex trader.
 

4) Tremendous Potential to Profit: Each trade you make has the potential to reel in good money. As a player on the grounds of foreign exchange, the markets might be competitive and the risks overwhelming, but done right, you can bag in hefty profits. All you need is a good strategy and ample research, and you’re all set to go.
 

What are you waiting for, get yourself a stellar demo trading account now and get started with Forex trading! Sign up with the global leader WesternFX, and attain swift success. We will provide you with a variety of strategies to work with, and the most modern of platforms will be at your disposal. Our experts will aid you through trades good and bad, and ensure you emerge on top. Call us today to commence your Forex trading career!

How Worth is Investing in Forex Trading in India 2019?

Big jumps always have a possibility of big falls, but these leaps can also take you higher than ever! Foreign exchange is known to be a roller-coaster ride with a huge number of ups and downs. Risks are always a gamble here, which can either reward you tremendously or birth massive losses. With all things said and done, no trader wants to go back home day in and day out with losses in his wake. A market as lucrative as Forex exchange is bound to induce the thought of profiting in the minds of everyone who passes by!
 

Now that 2019 is here, many are looking to take up Forex trading full-time. With the comforts of online trading present for everyone to avail, financial markets are set to see a massive crowd! At the end of the day, are the several risks taken worth it? 

These 5 factors when satisfied can make a venture and its risks worth taking: 

Know the Real Worth of Investing in Forex Trading India

 

1) Steady and Incremental Returns: The first thing you should consider before making that big jump is whether the risks will pay off, literally. Investing is always a tricky play because there is no surety about the returns you will get. Forex trading is known for being profitable, but there is no guarantee of it. Investments have to find their way back and preferably is multiplied. To thrive as a Forex trader, you will have to earn more than you invest! 

This point applies not just for foreign exchange, but for any new venture, you wish to work towards. Don't expect immediate returns, but make sure you earn enough to trade another day.
 

2) Work-comfort: Unlike how things were a few decades ago, personal comfort has become an important aspect today in all industries. A job no matter how time-consuming has to be comfortable! Money is the primary factor, but health and comfort are just as important. Forex trading in India leads several traders to get stressed, worried and in turn sacrifices their personal happiness and welfare. Forex exchange needs to be approached strategically. 

You will have to weigh out your responsibilities and balance the work with rest and day-to-day activities that need tending to.
 

3) Manageable Stress Levels: Mental health has long since been ignored by people. Today companies far and wide and emphasizing on being mentally healthy just as much as on physical levels. Forex trading has the potential to leave you mentally worn after just a few trades. Any job you wish to spend a long time doing, should not invoke stress that leaves you burnt out. Foreign exchange, however, is a field best known for its taxing trades and stressful outcomes. It boils down to your approach; successful traders don't spend time with their head splitting in two, they relax, trade, earn and repeat! To sum it up, Forex exchange is indeed stressful, but only when ill-prepared. 

With a sharp approach and ample demo trading practice, you can have a profitable and enjoyable experience trading currencies.
 

4) The Learning Process is Efficient: The concept of a learning curve exists in all fields. A domain like Forex trading in India can't be mastered overnight! A number of categories and sub-categories exist here, and these can only be learnt with time. When you start something new, learning should come easy. Typically, trading isn't something that can be termed as "simple", but with some research and demo trading practice, you can learn the basics and pick up the essentials on the go! 

When you are able to stay abreast of the latest developments and implement new-found knowledge, the field you are in can sustain you.
 

5) Starting Off is Affordable: The last requirement to satisfy before affirming if a field is worth risking is the initial costs you have to bear. As far as Forex trading in India goes, you can get started with a few hundred dollars! This starting sum added with a little leverage can power you up enough to hold lucrative positions and make a good winning.  

Additionally, all you need is a laptop and a good trading platform - these minimal requirements are enough for you to get started as a Forex trader today.
 

There will be many days when you feel the need to ask yourself the same question - "Is it worth doing?” On these occasions too check if the above-mentioned aspects are satisfied. Forex trading in India won't be an easy plane to walk on; you will have to endure many a challenge to see success! Worry not, for the experts at WesternFX are here to ensure you enjoy Forex and have a worthwhile trading experience! Assisted by our professionals, you will see raining profits! Try a demo today, call us now and book one.

Top 5 Forex Trading New Year 2019 Resolution & It’s Take Away

As an adept trader, you ought to be prepared for trades before they come. Wish you a happy new year 2019. You can start this year a step ahead of other traders. While everyone is busy making gym resolutions they won't maintain, you can keep your own set of Forex trading practices that you vow to follow! This year has taught us a lot, it is time to learn from those mistakes and better our approach. Forex trading has a trading value in trillions today and with disciplined practices; you can ace your trades.

Here are 5 Trading Resolutions to Follow in 2019:

Forex Trading Resolution for New Year 2019

1) Take Some Time Off: Let stress and strain be left behind in 2018! This year, focus on yourself, your family and friends just as much as you focus on trades. Taking time off is good for the body, mind and soul! Investing yourself beyond limits in Forex trading will lead to mental exhaustion and dim you out in the long run. 
 

2) Diversify Only As Necessary: Instead of jumping strategies and currencies, only diversify your approach when potential is seen in said action. Diversifying too much isn't healthy. While it is advised to place your eggs in different baskets, there is a predetermined limit to it. This 2019 focus your energy on being a master of a few than a jack of all.
 

3) Don't Settle For An Average Broker: Improve the standards of your trade by improving the brokerage you avail. Get yourself an agent who provides the best of platform, strategy and tips. Let not your trades are held down by poor brokerage the coming year!
 

4) Maintain a Trade Journal: Keep a brief or detailed note of the trades you participated in, and how they yielded. An underrated method in online share trading is to maintain a trading journal. When you have a clear idea of your past steps and their outcomes, you can repeat the profitable ones and remove the ones that didn't work well!
 

5) Let The Learning Process Never Stop: Never stop learning. Forex trading in India is no field that can be mastered overnight, or even in a year! Invest in studying markets and foreign exchange in itself. This is one investment that will bring in results consistently!
 

Let the coming year be filled with better trades, more success and a happier experience in Forex! Remember, making resolutions isn't important, following them is. Sign up with the ever-amazing broker WesternFX, and make sure all your goals are achieved! Equip yourself with the right professionals; we will ensure you hone your methodology and keep improving till you've reached the top! Call us today to start Forex trading in India!