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Is trading hard?
v
Obecné
Jul 27, 2022 at 04:28
I won't claim that trading in forex is simple. You can survive in the market for a longer amount of time by regular practice and consistency. Trading won't be as difficult for you as you gain experience, but learning should never stop in forex to survive for a long time.
The fear of losing opportunity
v
Obecné
Jul 27, 2022 at 04:24
One should always understand the basics before starting to trade in the forex market, then practice on a demo account. Due to the volatility of the forex market, newbies won't be able to understand how it operates and will end up losing everything. So having proper forex knowledge is a must.
There is no short cut
v
Obecné
Jul 26, 2022 at 08:27
It takes time and a lot of hard work to succeed in trading. Expecting to succeed in forex trading overnight is impossible. You must make the time to learn your strategies in depth and practice frequently.
Good broker is needed
v
Obecné
Jul 26, 2022 at 08:23
Having a trustworthy broker is crucial when it comes to forex trading. Because of the market's volatility, brokers play a crucial role in trading. Also, you must adapt your trading strategies to the changing market situations.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
v
Obecné
Jul 26, 2022 at 08:18
Both mt4 and m5 are good platforms to trade on but I would say as a newbie , mt4 is comparatively simple and easy to understand.
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