investment in forex trading without experience

[Yaqoob Habib]

does everyone nowadays want to get rich very soon This is how people get into forex trading and don't have any experience on how to work.Because of which they waste their investments and face huge losses. what is your opinion about it .

 

[glitch]

I have no idea. I feel like this would be a bad idea unless you know enough about it. I personally wouldn't risk anything outside of what you are willing to lose.

 

[Ononivami]

If you invest on forex trading without a very good experience, you will definitely fail. The knowledge needed around forex is very huge because getting the knowledge around forex takes lots of time.

 

[zelalem]

I have no idea. Unless you know enough about it, I think it's a bad idea. Personally, I don't risk anything except what you're willing to lose.

 

[Setho]

If you are investing into the forex market without any kind of experience then I am sorry to say that you are most likely going to lose it all. Education is the first step in forex market followed by any other thing.

 

[Sincerem]

If you are planning on investing in forex but you have little or no experience about the inner workings of the forex market it is best you engage in copy trading as this would give you an avenue to use the strategy of other experienced trader so can make your trades.

 

[Sincerem]

You can't just invest in forex without the prior experience. Forex need lots of knowledge before you could have the Plans to invest on it. You will need lots of knowledge.

Probably lack of knowledge is what has led a lot of people with intentions in investing in forex to fail on their attempts , so it is best you devote your time to learning first before proceeding to invest.

 

[Smiles20]

Forex is a very dangerous place for you to start trading if you are not having any experience. There are a lot of online tools that you can be able to use in order to ensure that you are fully prepared.

 

[Monster Masterpiece]

It could be possible by doing Buy long and Sell long or Stop limit or Buy limit in an arbitrary way but the most cases you will find yourself losing all your assets as it is not by a background of knowledge.

 

[Robust]

I know that there is a saying that says experience is the best teacher, but on must not have experience before he or she can go in to forex trading. Some only need the knowledge only to start.

 

[Setho]

The forex market is not one that you can be able to guess your way to. Everything that happens for a reason and that is why you are supposed to get education first of all. This is definitely going to build your chances for success.

 

[Suba]

All forex traders start without experience, but they have equipped themselves with forex knowledge, strategies and analysis, before entering a real account we can try a demo account even though it is easier but we can use it as a means of trading practice and testing skills, so I don't think it's a big problem if one enters forex trading without experience.

 

[Holluwaphemmy]

Investment in forex is like just wasting your money if you have no experience. You can't just embark on something that you don't have experience on and you would even lose your money. I won't advise anyone to invest in forex without adequate knowledge and experience. You can have a mentor or a leader that will put you through that will be ok.

 

[Smiles20]

You are just going to be giving away free money if you are investing in forex without having knowledge of technical or fundamental analysis which is the most key tools to understand which direction market is going to be going.

 

[Sotherefore]

I have made this mistake in cryptocurrency and now I can't do it here anymore. What I am trying to say is that I can't risk my money or invest my money in something I do not have an understanding about now.

 

[Bookwormlux]

This is going to be a very risky thing for anybody to even think of starting and this is a major reason why you have to focus more on getting better information on something before we even give it a try at all .

 

[Syldan]

Actually investment in forex trading or any other forms of business without experience, is just like driving without a destination because it will lead you no where. You don't have skills and the strategy that will makes you successful.

 

[Ononivami]

Forex is a very risky business and it requires a lot of knowledge before you couldn't dive into it. if you do not have the leading neede knowledge in forex, it is better not to invest on it because you could lose all your funds. You could get yourself a demo account to learn the basics of forex trading.

 

[Syldan]

Actually forex trading or investment, is a very risky form of investment and it requires someone who had a very vast knowledge about the forex. how to start, how to run the business and how better strategies can be used.

 

[Ektalakra]

True, the world is like this everyone needs money to pay for a comfortable life and this has led people toward trading, it is the fastest way to make money, but every coin has two sides, which also means that it is the fastest way to lose money if you are inexperienced. Even to get the experience you need to invest in it, but don't start with a huge investment, start with a low investment try to understand the process and once you get it then you can increase the investment limit by a little.