Everything is uncertain in Forex market, so the newcomers always feel frustrated when trading. So before kickoff live account we have to make sure sufficient trading balance that can remove our frustration , otherwise it will be great difficult to survive in this volatile trading market.
It is a pity that many people forget that this format of earning, despite its apparent simplicity, has many features and nuances that require detailed study. Everybody wants to see a quick profit and without much effort, but as I have understood over the years, the market does not like rush and false hopes.
Yeah, I agree it's worth a try if you're at a dead end and you want to get to a new level of income. And if you take such a decision, you need to be well prepared for it - learn the basic concepts of the market, choose a pair of basic strategies and, of course, find a broker with an excellent reputation and reliable conditions.
One user there already correctly noted that success in Forex as an additional source of income depends on three things. First, it's your free time, only if you have enough time, you will be able to devote it to trading and learning. Second, it's your finances. No, with $100 you will not be able to enter the market and earn enough money, you really need enough money. Three, these are your skills. They can be improved and trained, but they're still important and their mastering requires a lot of your time.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.