How to start of with trading with forex

[Donolatunji]

i have always imagined how to start off with forex trading as a Nigerian. I have seen and heard of different trading platform,and I have even seen a lot if person saying they can teach on how to go about it but their fees are just to exorbitant.
is there anyway I can go about it on simplicity and or straightforwardness?

 

[Eren Jaeger]

Step 1: Get a Device Connected to the Internet.
Step 2: Find an Online Forex Broker.
Step 3: Open an Account and Fun Account.
Step 4: Download a Forex Trading Platform.
Step 5: Enter Your First Trade

 

[Folaham]

I think the best way to start off is by investing in it. Allowing those with vast knowledge about it set up and run it for you while you learn along with them by your side. This will come at a cost but it worth it. Just like trading in Gold, one needs good knowledge about it as a layman can't identify real from fake gold and losing money due to lack of knowledge is costly

 

[Erik4150]

Forex trading is anything but simple and straightforward. It is a bit technical and strategic. There is much to learn before you can call yourself an expert in forex.
You should start out with a demo account first. With a demo account you will practice forex trading with no risk involved.

 

[Alexandoy]

I think the best way to start off is by investing in it. Allowing those with vast knowledge about it set up and run it for you while you learn along with them by your side. This will come at a cost but it worth it. Just like trading in Gold, one needs good knowledge about it as a layman can't identify real from fake gold and losing money due to lack of knowledge is costly

I agree because that is also my plan - try investing to get a feel of the actual experience. But it is not forex that I plan to invest in but in Bitcoin. I am now learning the ins and outs of investing in Bitcoin. With forex you need to have an understanding of the foreign currency. For me, I am only well-versed with the US dollar, Canadian dollar and Japanese yen. Maybe when I would try my hand in forex I would choose the US dollar to be paired with our peso.

• Dollar Us
• Foreign Currencies
• Forex Broker
• Download

• Earn money online fast
• Free Downloads
• Earning Money

 

[Akinwale701]

i have always imagined how to start off with forex trading as a Nigerian. I have seen and heard of different trading platform,and I have even seen a lot if person saying they can teach on how to go about it but their fees are just to exorbitant.
is there anyway I can go about it on simplicity and or straightforwardness?

i have always imagined how to start off with forex trading as a Nigerian. I have seen and heard of different trading platform,and I have even seen a lot if person saying they can teach on how to go about it but their fees are just to exorbitant.
is there anyway I can go about it on simplicity and or straightforwardness?

Forex is very good, very rewarding very profitable, in fact, with proper knowledge of Forex trading, you can become a millionaire overnight. But the sad part of is that the chances of making losses with forex are very higher than the chances of making profits, more reasons people are afraid of it

 

[Heatman]

Step 1: Get a Device Connected to the Internet.
Step 2: Find an Online Forex Broker.
Step 3: Open an Account and Fun Account.
Step 4: Download a Forex Trading Platform.
Step 5: Enter Your First Trade

Seriously, this is not as easy as it sound like you just mentioned it. Yes, it's possible to do all these but the fact is that you will never get it right because trading on forex isn't like downloading a game with user manual and then you can begin to play. You need intensive lessons on how to successfully trade on forex.

 

[Nurudeen]

If you want to start trading forex you need to Invest in knowledge before you even think of putting your funds in the system. You need to enroll for a technical analysis course and know how to study and read chart. If you don't know how to read chart and you eventually move into forex trading there is all tendencies that you might lose your money

 

[Heatman]

If you want to start trading forex you need to Invest in knowledge before you even think of putting your funds in the system. You need to enroll for a technical analysis course and know how to study and read chart. If you don't know how to read chart and you eventually move into forex trading there is all tendencies that you might lose your money

I have been looking for such technical analysis courses to enroll in for learning how to trade on forex but I haven't been that lucky in finding a good one. Most of the ones I have seen so far doesn't look convincing enough for me to take it on but once I get a better offer, I will be taking it.

 

[Blue house]

Before you actually commit to live trading and money on the line, you should be able to profitably trade on your demo account or with paper trading. Your track record should be more than a few weeks, at least three months, preferably six months.
It will be difficult to refrain from trading after you make those first few profitable trades, but experience really counts in forex trading. It's something that you cannot work around. You have to get it the old fashioned way, hard work.

 

[Chumzy]

Forex trading is a lot more complicated than it seems from the outside. My advice is to get a good teacher and let him guide you into the world of Forex. You can also take personal classes and then you grow from your personal readings.

 

[Goodday]

i have always imagined how to start off with forex trading as a Nigerian. I have seen and heard of different trading platform,and I have even seen a lot if person saying they can teach on how to go about it but their fees are just to exorbitant.
is there anyway I can go about it on simplicity and or straightforwardness?

I'm not a forex trader yet but this is that I have to tell you.
Forex trading is very risky and requires better training and skills. To become perfect, you need to have some spare money and time which you will be using for an experiment. After the experiment, you can conclude and I'm sure you'll make the right decision after that.

 

[Damscooguns73]

Concerning how an individual can start trading with forex. Well, if you want to start trading yourself, you need to know about forex and what it entails, get basic and vital knowledge about it and how it operates, download a broker, practise with demo account before investing your real money into it, if your know you cant do all this, you can find a trading expert and invest into it through him with some terms and conditions

 

[arrain3786]

Anyone with a little money and patience can become a Forex trader. However, the skill and patience required to become a successful or profitable trader requires limiting losses while identifying good trade set ups with a positive risk: reward set up. Despite the ease of getting into the business, there are a few steps you should follow. A hasty entrance into Forex trading can lead to the poor house very quickly.

 

[Ridorz]

Forex trading is a profitable and lucrative business that can generate a lots of money it's practitioner but it aquire a standard Knowledge, I will advise you to pay money to aquire a good knowledge about it if you want do the forex trading, because you may not fined a accurate explanation online.

 

[Oliver 20]

You don't begin to really learn until you operate real for the first time. Don't put more money than you are afford to lose, it will hurt the same anyway, when you lose it. And you will begin to learn, equally.

 

[Yaqoob Habib]

I think the best way to start off is by investing in it. Allowing those with vast knowledge about it set up and run it for you while you learn along with them by your side. This will come at a cost but it worth it. Just like trading in Gold, one needs good knowledge about it as a layman can't identify real from fake gold and losing money due to lack of knowledge is costly

Yes, forex trading is difficult if your only aim is to make money quickly.with this mindset you will set yourself up for failure even before you start to trade.forex trading is also easy, if you are willing to dedicate the time and efforts into becoming a successful trader..
Taking losses is part of forex trading.

 

[Jomarie05]

Forex trading is anything but simple and straightforward. It is a bit technical and strategic. There is much to learn before you can call yourself an expert in forex.You should start out with a demo account first. With a demo account you will practice forex trading with no risk involved.

 

[Sanusi]

I think the only way for you to start trading with forex is that you need to go for seminar and lectures to know more about forex trading and what it entails.
Because you cannot go live like that and say you want to trade no its not done like that so the knowledge you acquire will go a long way in your trading career.

 

[idhans]

i have always imagined how to start off with forex trading as a Nigerian. I have seen and heard of different trading platform,and I have even seen a lot if person saying they can teach on how to go about it but their fees are just to exorbitant.
is there anyway I can go about it on simplicity and or straightforwardness?

Forex trading is not rocket science but it requires some learning and discipline. You can check forex trading lessons in YouTube or with udemy. There are quite a number of tutorials in the internet you can learn how to trade Forex.