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New in forex trading
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mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 26 2018 at 14:44
Imamul posted:
Success in Forex market can be easy just if you can keep a great patience for a long time. only patience is the key to success in Forex.


If it requires such an effort can it be labelled 'easy'?

Imamul

Member Since Aug 09, 2017  475 posts Imamul Mar 01 2018 at 13:19
for newbies demo trading service is available here and there! So, you can start your demo from anywhere! But try to use transparent Forex brokers! Then you can start your live trading with the same broker! But I would suggest to use multiple demo accounts for standard judgement! Happy learning!
 

Indorder

Member Since Mar 01, 2018  10 posts Indorder Mar 02 2018 at 09:37
Multi demo accounts is a good idea but I often find that a broker live account is very different from the demo account

Imamul

Member Since Aug 09, 2017  475 posts Imamul Mar 11 2018 at 06:58
A healthy trading investment is good for trading! But trading with low trading capital is not impossible actually! For a good skilled Forex trader everything is possible here! Even, investing money without proper knowledge is always risky! By the way, I started my live trading with 1K only.

Mohammadi

Member Since Aug 11, 2017  725 posts Mohammadi Mar 14 2018 at 12:12
Well, Forex trading business is the most standard way of money making! It’s not easy actually! So, you are not sure about your success please don’t take this profession as your full time job! Start your trading as a part time trader, then move here according to your live trading performances! If you get regular income then surely you can stay here as like others newbie!

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Jul 06 2018 at 07:47
Indorder posted:
Multi demo accounts is a good idea but I often find that a broker live account is very different from the demo account


If there are such brokers, trading on a Demo account before going Live becomes absolutely pointless. That's so misleading.There should be a regulation for this .

Accept the loss as experience
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jul 06 2018 at 22:42
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand


My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.

If however you are looking to invest some capital and are looking to get a reasonable return on your investment, then you should look into professional investment services with a reputable company that will provide you a dedicated account manager who will oversee your accounts for your.

A reasonable expectation from a professional account manager for your investments, using a low risk investment strategy to protect your investments, would be a return on your investments of around 5% to 10%. A slightly more aggressive investment manager would probably return around 10% to 25%, but again, there is higher risk.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
emily_smith

Member Since May 10, 2018  22 posts emily_smith Jul 08 2018 at 06:44
Professional4X posted:
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand


My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.



Perfect advice!
If you don't have any knowledge about Forex than please stay away from it.

Adribaasmet

Member Since Aug 27, 2017  819 posts Adribaasmet Jul 08 2018 at 11:34
emily_smith posted:
Professional4X posted:
wleverts posted:
I am in Africa. completely new in forex trading. infact I know nothing on forex trading. I have been reading about automated softwares and every software has pretty bad reviews. any advices? I really wanna do this but I need an experts hand


My advice is not to trade. You've already said you know nothing of Forex. That alone is enough reason for you to not be trading.



Perfect advice!
If you don't have any knowledge about Forex than please stay away from it.


Exactly, there is no manual way without knowledge! But I see, many investors are using advance automatic services to make money here.

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jul 08 2018 at 20:21
Adribaasmet posted:
Exactly, there is no manual way without knowledge! But I see, many investors are using advance automatic services to make money here.


There are numerous systems which work great under very specific conditions over the short term such as a few days or weeks., but eventually they all stop making money reliably. Otherwise everyone that invests would be wealthy. How many new traders do you actually know that are millionaires because of some EA advertised as 'The Ultimate Holy Grail Trading System for $19.95!!! For a limited time!'

To really make a substantial return on the investment, automated systems have to show a consistent rate of return regardless of the market conditions. Such systems do exist, but they're most certainly not available to the general public.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
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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.