Can a Good Foreign Exchange Currency trader also trade derivatives? I am pretty good at trading currencies but I am getting very good offer in a Bank for trading Derivatives … I dont know can I do that.. How is it>?!
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about currency trading the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
This question was about currency trading and there have been some pretty good answers that should help in your trading, and especially in relation to currency trading, the answer has been posted in the categories listed below:
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1) Yes.
2) The "psychology" is the same but the instruments are different. Take the offer if you get it.
Usually, when I see the words Forex and derivatives, they’re used in uncomplimentary warnings. I don’t know what derivatives are, but people keep advising folks to stay far away from them.
There are some differences between them, in derivative you need to hold the stock the stock for future price movement. However you can trade in both but for derivative you need to be very sure about your stock in which you are investing money.
For more and better information you need to search over internet for some good financial trading websites.