Trading can be simple if you study the market sentiment and plan accordingly. It can get complicated if newbies lack the knowledge required to pull a profitable trade. Honestly, it depends on the viewpoint of the trader and how they wish to utilise the opportunities and make profit consistently...
Due to the high level of volatility, the foreign exchange market is a very high-risk market that necessitates appropriate trading skills as well as in-depth knowledge about trading.
With the rising greed of forex traders, forex scams have also become quite common. Newcomers keep thinking about making profits and when they find an easy way, they forget their basics and end up getting scammed. By following your risk management strategy, you can keep yourself safe from scams.
Well, there are some conditions that impact how much you make as a profit through forex trading. Beginners don’t earn much. They start to make consistent profits after they have gained some experience and can handle market risks. Forex trading is surely a good way of making money but you need to...
3-5% growth pm is fine for those who are new to the field and haven't made anything. Your high risk strategy is what I'm interested to see. Is there an exact date for its launch?
It depends on how much you are putting at risk. If you are taking big risks, it would obviously be very expensive. But if you are keeping your risks low, it can be much more affordable.
Copy trading presents a great opportunity for beginners to learn and gain confidence. There are several good copy trading platforms available for newbies like zulutrade, avatrade, duplitrade, b2broker, and forex copier.
Fear, frustration, greed, sadness, happiness, hope, desire, anger, anxiety, and every other emotion that you can think of when a very dear thing of yours is at stake. You are in a situation where you don’t want to lose your money but can’t even do it without taking risks.
It’s quite important to join a trading forum, I would say. You won’t learn much if you keep reading books and watching videos. But you will learn more when you have experienced traders to help you with your queries, which is possible only on these forums.
It keeps me from glueing my eyes to the screen. I analyse the market and calculate stop loss and take profit in accordance with the market. I might not be making huge profits. But I think it’s better than making huge losses.
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