Forex - FAQs

Introduction

This will have some FAQs about Forex in general.

What is Forex?

This is covered in the appropriate section which is linked below.

Forex#What Is ForEx?

Is Forex Hard?

Yes and no. As stated above, it's not for everyone. You can find alternate means of trading - such as copy trades - but if we're talking about YOU learning - that's a different thing. Once you learn how to trade, the hardest part is waiting on the right setup to enter.

Market Makers, Dealing Desk, etc

The link below has full details including illustrations.

https://www.forex-central.net/ECN-NDD-STP-brokers.php

While MMs (Market Makers) are usually "crooked" brokers, there's a bit more going on where that's concerned.

Are The Markets Rigged?

Yes and no. Depending on your broker, the markets may be rigged against you. On the larger scale however, the market doesn't care about you. The Forex market is moved by larger transactions between huge companies and various types of trading between countries. Even if you had a million dollars in your account and placed an order with all of your money - that wouldn't be enough to move the markets. You need to learn how to read the movements and "ride the wave".