Pros and cons of forex market?

due to tight spreads, traders should avoid exotic pairs , this is good approach

 

from all exotic pairs i mostly like major pair due to comfortable trading spreads.

 

pros - you can make money
cons - you can lose money

 

That is a simple and good post, to make money as well to lose money.

 

Imo, in forex each pros is a con if you don’t know how to trade or do not have appropriate knowledge. And cons can become pros if you have definite trading skills and knowledge.

 

after having good skill and knowledge the result of trading can be useless because there is nothing 100% in trading.

 

Pros- The market is highly profitable. And offer high leverage to enhance the profitability of the trade.

Cons- It requires excellent trading skills and in-depth knowledge to trade the market successfully. Traders trading without proper knowledge and skills lose everything to forex.

 

Pros: trade at your own hour & high liquidity
Cons: highly unpredictable and could happen anything, anytime.

 

Well said! I am a newbie can you please share how much maximum loss you have incurred?

 

Forex is a high liquid and lucrative market and also volatile at the same time which makes it very risky. Traders can’t make profits if they do not have the right trading skills and knowledge.