I would say that invest in forex at your own risk, cause most traders that enter into forex do have the knowledge and experience in it and if a beginner enters i would advise him/her to invest in forex for the purpose of learning cause your never going to get any profit, forex is tricky and difficult.
Mar 30 2020 at 07:55
Steve75 posted:Indeed, forex is a risky business. However, with the right amount of knowledge and dedication one can trade efficiently.
I would say that invest in forex at your own risk, cause most traders that enter into forex do have the knowledge and experience in it and if a beginner enters i would advise him/her to invest in forex for the purpose of learning cause your never going to get any profit, forex is tricky and difficult.
I do like Forex investing, I am eager to find the right way to learn quickly and efficiently to master more professional knowledge and improve the quality of my own transactions.
Income and risk coexist
I just created topic and i explained some tips . Its good for forex investors to read it before doing anything.
https://www.myfxbook.com/community/general/read-this-before-investing/2082589,1
https://www.myfxbook.com/community/general/read-this-before-investing/2082589,1
Forex can be a very good investment compared to stocks. The advantage of a forex investment is that the trader is using leverage. For investors, Forex is a good way to make a nice profit, but it can also take risks with it.
pt2019 posted:You can look for various forums to grasp the trading knowledge and observe how other experience traders give an explanation and you can even participate in the discussions.
I do like Forex investing, I am eager to find the right way to learn quickly and efficiently to master more professional knowledge and improve the quality of my own transactions.
Apr 07 2020 at 12:31
If you do not want to earn or pay interest on your positions, simply make sure they are all closed before 5:00 pm EST, the established end of the market day. Since every currency trade involves borrowing one currency to buy another, interest rollover charges are part of forex trading.
Apr 07 2020 at 12:35
Don't go and invest 1k in forex and saying it's investment, at least 50k is what i recommend
Now more and more people understand that forex investment is a real type of income.
for investing It is very much difficult to recommend at any brokers, because there are almost thousands broker in online retail market and most of them are found to be scams. From all we can choose the broker which is regulated and make sure a wide range of trading technologies.
Tezilkree posted:
Now more and more people understand that forex investment is a real type of income.
But making money through it is no get rich quick scheme. Need to do a lot of practicing for it.
Evelyn55 posted:Tezilkree posted:
Now more and more people understand that forex investment is a real type of income.
But making money through it is no get rich quick scheme. Need to do a lot of practicing for it.
so it too with me. that's a real long effort to be optimist. I do not believe that short practice make trader to be successful.
May 13 2020 at 15:04
Investing in Forex feels... weird. Trusting money to people that don't know. Interesting feeling :)
Rule 1: before doing that - try to get as much info as you can about broker that you are going to work with.
But Forex is not a place to get rich quick. And people who think that - they can get poor quick.
Rule 2: don't start trading on live right away. Trade on demo for at least 6 months to get the feeling of the market.
Rule 3: don't trade without strategy. Strategy is everything, it determines how fast things will go for you.
Rule 1: before doing that - try to get as much info as you can about broker that you are going to work with.
But Forex is not a place to get rich quick. And people who think that - they can get poor quick.
Rule 2: don't start trading on live right away. Trade on demo for at least 6 months to get the feeling of the market.
Rule 3: don't trade without strategy. Strategy is everything, it determines how fast things will go for you.
May 13 2020 at 15:16
Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience. take it or leave it. decisions is yours. thanks
Aug 16 2020 at 14:05
Focus on these eight factors to choose a broker: regulation, financial security, trading style, reputation, design and ease of use, ease of account opening, types of accounts offered, customer service.
Aug 16 2020 at 20:11
Investing in the forex market is a bit risky if you don't have enough knowledge about the market. So, it is very much needed to gather all knowledge about the market before investing into this risky market.
Your money management skill is that which makes you remain in the market. A trader that finds it difficult to manage high capital finds himself out of the market sooner that he expects. It doesn’t come easy and the skill required in risk management is one that grows with time.
Investing in Forex allows you to increase your income, but first you need to get certain knowledge and skills in trading in the Forex market
With investing in forex gives a good opportunity to you make some good income but before investing you should learn and get knowledge about Forex.
Fabian454r5 posted:True! Without proper learning and skills, it is very difficult to earn good income here, not everyone's cup of tea.
Investing in Forex allows you to increase your income, but first you need to get certain knowledge and skills in trading in the Forex market
