CirillaCosta posted: If you are new in this market, you have to make a plan to make a profit from this market. on the other hand, you need a reliable broker. Without a good and reliable broker and a good plan, you can not make money from this risky market.
Yes. A good broker with a good plan can be the key to success.
Newbies must practice forex trading. It does not matter what is your strategy if you are a newbies. But I really do advice that newbies trade long term strategy first before trying to trade short term. Since short term need more trading skills as the risk is higher if you try short term strategy.
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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