AliaDare posted: These are the basic things you should learn first when trading forex. I understand things very well.
It is good that you have some knowledge about this and understand it well. I’ve also seen a lot of traders who have absolutely no idea about a few basic concepts and terminology.
I understand it as well and it is important to know and begin with the basics. I was recently introducing my friend to forex and I recommended some learning courses.
That is the right thing to do and starting from scratch is the best way to learn in forex. I also started with reading books and taking online courses. After a few months of learning, I started practising on demo accounts which turned out fine for me. I familiarized myself with different platforms and forums to understand forex better.
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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