Any business can be a good business to get into depending on your skills, interest, and knowledge. The best field of business for you will be the one you have interest in and have a lot of knowledge in.
For example, I have interest in forex trading and I love to gain more knowledge about it...
This was a much needed post. Many traders suffer from losses only because they let their emotions be in charge of their trading decisions. One should never hand over the steering wheel to their greed or fear while taking up trades in forex. Your rational mind should be in control of what you do...
I think $100 is the ideal budget for a newbie. Even if they have thousands of dollars to spare, it is better to start with a small amount to minimise the risk while you learn. Once you get past the beginner phase in the forex market you can add funds to your account gradually as you start making...
Knowing about the market in detail is important before you start trading as the market fluctuates quite frequently and to stay above your game, you need to be patient and practical and know when to enter or exit a trade depending on your trading system and personal goals. As you grow, you learn...
You tried to hedge but failed. It’s a good strategy if used properly. But if you don’t have any prior experience in it, try with a small amount so that it doesn’t ruin your account.
It is very important to have good knowledge about various lot sizes and their calculation for a forex trader. Thank you for explaining it so well for the beginners. Appreciate the thought and efforts a lot.
Scalping aims at making profits from trading frequent and small trades and is a risky trading strategy. It requires traders to have good trading skills and knowledge.
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