EbonyJones posted: Most of the new traders make mistakes to choose their trading broker. A good and reliable broker can make you rich. On the other hand a wrong or fake broker can put you in great danger in the forex market. So, be careful of choosing a broker.
Yes. A good and reliable broker is very mandatory to survive in this risky market.
That’s true. I think a lot of beginners skim the details and rush to open an account with little to no demo practice or education. People think it’s so easy and then just get bored of it when they realize how much goes into it.
HeavLeighGill26 posted: That’s true. I think a lot of beginners skim the details and rush to open an account with little to no demo practice or education. People think it’s so easy and then just get bored of it when they realize how much goes into it.
Yes, and that is why I always keep on repeating this thing to my fellow traders that trading is an art and skill both, it only comes when you practice practice practice and practice....
It is true that most new traders start trading with the hope of becoming rich instantly but this is not something that can be achieved this easily. Making money through trading takes time and effort. A trader must be knowledgeable enough to make profitable decisions. And it is not just about making more money but also about protecting their capital when in the market.
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.
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