Beginners, just one tip for you. Do not start without proper knowledge. This market has too much to explore and learn and without proper know-how, one cannot achieve anything here. Many traders just trade on hit and trial, which never gives good earnings in the long run. So, it is most important to do the best as far as learning is concerned.
Practise makes you perfect. Having a mentor helps in any field you choose. Choose the correct mentor with proven track record. Only 2-5% forex traders are successful long term. It's not easy money. You need to work for it. Work smart by investing in correct mentor, practising on a demo account for few months until you make profit on consistent basis, use stop loss before entering in the market.
Invest in a safe broker. I use forex peace army to check the rating of a broker before i invest money in them. Anything below 3/5 , i wont invest in them. Brokers i use are keytomarkets, darwinex, pepperstone.
I used to do manual trading. Now, i only does EA trading ( removing emotions out of the equation and getting discipline in return). EA is turned off completely on high impact news days.
If you are lucky to have a mentor, you might achieve your goals earlier or ATLEAST wont loose lot of money investing. I did have a mentor/teacher though who taught me the basics. However i moved on from him since his goal was only to achieve around 5k per year. I learned from many institutions online , youtube channels etc. I paid an institution once only to ask for a refund as their strategies didn't pan out. I don't think hardly anyone would teach profitable strategies free of cost or for a low charge. Forex is a trillion dollar industry. Why teach their own trillion dollar strategies for small price. PAMM would be a better option safe guarding their property. If you decide to have a mentor, please check his myfxbook record first.
A professional trader supplements their income by providing basic lessons on teamviewer, youtube channel, PAMM accounts , copy trades , making forex bots,indicators etc..
Knowledge is the key to success in Forex. There is nobody who can make success from here without knowledge . so we have to emphasis on acquiring real trading knowledge and we can get most powerful analyzing trade knowledge by passing a long time. Otherwise that’s not possible at all.
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
Ostrzeżenie o wysokim ryzyku: handel walutami obcymi wiąże się z wysokim poziomem ryzyka, który może nie być odpowiedni dla wszystkich inwestorów.
Dźwignia stwarza dodatkowe ryzyko i ryzyko straty. Zanim zdecydujesz się na handel walutami, dokładnie przemyśl swoje cele inwestycyjne, poziom doświadczenia i tolerancję ryzyka.
Możesz stracić część lub całość początkowej inwestycji. Nie inwestuj pieniędzy, których nie możesz stracić. Zbadaj ryzyko związane z handlem walutami i zasięgnij porady niezależnego doradcy finansowego lub podatkowego, jeśli masz jakiekolwiek pytania.
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