Forex is the largest of all financial markets, surpassing any stock exchange in terms of turnover by 50 times. Every day, it trades more than 5 trillion dollars, and according to experts ' forecasts, the turnover will double in ten years. Such a huge amount of money makes speculating on the difference in quotes an incredibly attractive occupation. Due to high liquidity and volatility, you can conduct transactions of any size in a very short time, receiving fabulous dividends.
Before investing in forex market, a trader should gather knowledge about the trading and the market. Read analytics, watch video tutorials and start with demo account. Demo account helps a trader to know about the market quite perfectly.
use of money management will help most traders. Some start with an account of $1000 and lose it all in a few weeks because they risk too much. Money management in Forex trading is like cost control in a normal business. If you do not understand your costs then you are setting yourself up for a loss
really can make foreign exchange investment? I'm confused. I want to find a better way to learn, but I have never found it, and my account is always in a state of loss. I feel very sorry, I really like to play investment games, really want to try. Foreign exchange investment is a new thing for me, I do not know how to better accept and understand it.
Forex investing was reserved for major financial institutions and high net worth individuals. However, advances in technology have enabled anyone to invest in the currency market online and over 30% of daily FX trading is now conducted by retail traders.
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.
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.