New Traders Forum

Looking for Advice on Investing a Small Inheritance in Forex

By johnyymalee Oct 22, 2024 at 06:00
Hi Johny I think it is great that you are learning what is your plan to keep your money safe while your learn?(guidance number 1) I can advise you to also focus more on understanding what defines risk when trading in the forex market and how it can work to benefit you in the long run before you think of investing your money. Lastly, I use automated...
1 Replies 99 Views
Last post by FXDecap2519 Oct 22, 2024 at 06:26

I am new to Forex and I am about to start my first trades.

By Oliveira27trader Jun 05, 2024 at 18:18
You're on the right track with MACD and the moving average, but just a heads up—1:1000 leverage with only $1,000 is pretty risky. One bad trade could wipe you out fast, even if your strategy is solid. I’d suggest dialing back the leverage and focusing on risk management first. Day trading is no joke, and it’s better to play it...
33 Replies 978 Views
Last post by JaceMilo Oct 21, 2024 at 10:35

Do you guys believe Traders have a fair chance, with the right education?

By forex_trader_3761963 Oct 05, 2024 at 20:32
Proper information can save you. Currently technology is available to everyone and that is wonderful and also terrible. Wonderful because there are a few instruments created that generate real results. The terrible thing is that because access to technology is so simple: Many fraudsters provide poor quality instruments as if they were real and this...
1 Replies 120 Views
Last post by Code88 Oct 16, 2024 at 20:19

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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.