Investing in Forex

I have been trading for more than two years and with this platform I did not really manage to get much. there are more options on the net. Each trading platform offers its own conditions and development opportunities.😎

Brussels88 posted:
It's easy to start day trading currencies because the foreign exchange (forex) market is the most accessible financial market: Many forex brokers require only $100 as a minimum initial amount to invest, and some go as low as $50.

If you want to manage trading in fx when you are too good a trader, start with at least 1k for stress trading, 10k and above for full time trading.

My foreign exchange broker decided to temporarily stop all overseas business, I can not continue to do foreign exchange transactions, should I replace my foreign exchange broker?

Forex investing doesn't suit everyone; for some, it is only trading that turns out to be profitable.

Steve75 posted:
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.

Indeed, forex is a risky business. However, with the right amount of knowledge and dedication one can trade efficiently.

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.

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

pt2019 posted:
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.

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.

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.

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.

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 

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.

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