How do I start trading forex?

+1 vote
asked Sep 1, 2019 in Investing by fraddy (5,720 points)
How do I start trading forex?

8 Answers

0 votes
answered Sep 3, 2019 by Larry S (41,790 points)
Before you begin trading forex you should make sure you understand the lingo used by forex trading experts.

If you go into trading forex without understanding the lingo then you may lose out instead of win in the forex trading.

Study up on the lingo and study up on how to trade forex properly and how to understand everything.

Make sure you Analyze the World Economy and search for the right forex trading broker.

To begin trading forex make sure you have the money and make sure you can afford to lose any money because it's possible to lose money trading forex.

However if you know what you're doing then you can get pretty rich or at least have a decent income when trading forex.

Check out Forex.com for forex trading.
0 votes
answered Jan 9, 2020 by Mince (370 points)
Look through online tutorial about this trading, there's a plenty of them. Try to find the more experienced traders, some of them often help newbies too.
0 votes
answered Jan 10, 2020 by Kivan (380 points)

Becoming a Forex trader is very easy for everybody but becoming the successful one isn't so simple for all people.
If you're interested in success, start from studying information about this market, first of all you need to understand how it works at all and what strategies https://www.on-magazine.co.uk/business/finance/taking-your-forex-trading-practice-while-travelling-the-world/ and tools you need to use. You'll need to develop your analyzing skills too because all your money income will depend on prices changes of foreign currencies which you'll choose for trading.
Check reviews about Forex brokers and find the really reliable and qualified one. Also, it's better for newbies to start from a demo account for getting enough trading experience and avoiding great money losses in the very beginning.

0 votes
answered Jan 27, 2020 by steel feel (700 points)
It`s really interesting question, so thank you to ask.
0 votes
answered Jan 28, 2020 by steel feel (700 points)
But at one time I completely moved away from this sphere, because I realized that for me the market will remain a mystery forever and predicting its behavior is definitely not for me, and generally looking at charts for days on end and calculating mathematical analysis is not for me. Nevertheless, I found something to my liking, and began to do business. Now I have my own online store of games for consoles. I want to spend money on advertising this month, as well as get a virtual number  https://callgear.com/features/phone-numbers/ in order to test the effectiveness of each individual marketing campaign.
0 votes
answered Aug 30, 2020 by Voldemar (470 points)
If you want to become a Forex trader, then you should familiarize yourself with the corporation itself and the principle of their work. You will also need start-up capital. I think you should take a look here:
https://www.vpsforextrader.com/free-forex-vps/
There you can find detailed information about the trading business. Also, there you can already trade and earn. The main thing you should be careful and careful not to waste a lot of money.
0 votes
answered Sep 11, 2020 by Cody Powell (600 points)
Oh, I like this theme. You should be ready for training and learning a lot. However, you should be careful because of its risks. Nevertheless, you have to choose one of the trading accounts https://fbs.eu/en/trading/demostandard As far as I know, FBS is one of the best online brokers. Also, to start trading forex via an online broker, you will need an electronic device connected to the internet. But i think it isn't a problem for you. You should be ready for achieving success
0 votes
answered 6 days ago by Prestigio (260 points)

You ask strange questions. If it were easy, wouldn't people all over the world agree on making money off of it? No, it's far from easy, that's why trading sometimes brings such crazy profits - here you need to know where to choose, what to buy, where to sell, how and in what situation you should behave yourself. Therefore, it is very important to know the platform that will help you do this as skillfully as possible. I advise you to cooperate with https://exnesscom.com/ - this is the place where you will gain new knowledge and experience.

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