It's never a good idea to start making investment or trading at forex or any other kind of investment without acquiring proper knowledge. You would only end up losing your hard earned money.
Is it a good idea to start forex without full knowledge
- Thread starter Blue house
- Start date
The best way to start forex and make money from it is to Invest in knowledge before you now start using your money to invest in the system. For example, you can find a mentor to guide you or better still buy some online courses that can put you through with that you will be alright
You heard right, forex is very profitable but I would warn you not to venture into it if you have very little or no idea about it as it is very risky to do so. I have made exactly this same mistake and I'm still regretting my actions until date, I lost quite some amount of money trading with very little knowledge. It was really so pathetic.
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Venturing in frex treading with out the complete knowledge in I is very risky meny people do that but they end up regretting of why they start but for you to be in to forex you have the knowledge of in other to help you grow an make to be well standard.
nobody ever goes in and comes out to testify positively without having to learn it I will advise you go into the learning first before you put your money here to treat just for this is not a game of the faint-hearted one must be serious and willing to learn is the Canterbury tales healing all the time so one should be able to consider all these things before moving his our money into it do not respond because all this time with you rather learn before moving your money until 8
It is not a good idea to start forex trading without any knowledge or little knowledge because of you start forex trading without knowledge you can not get benefits from it. But if you start after getting full knowledge you get full profit.
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If dare to start trading on forex when with little knowledge about how forex is done, you will definitely lose your money in your forex account in the trading. Even experts still lose money and trading, imagine what will happen to a newbie like you.
There can never be anything like starting forex without having the right knowledge, even those have the knowledge are still losing their money in the market. Someone without the knowledge will just go to lose his or her hard earned money in the market. Not advisable at all for anyone to go into forex without the right knowledge. Forex trading has the highest risk in the market.
Not at all, we should not start anything with lack of knowledge either business or scheme. So forex is very tricky and risky, so a proper knowledge is needed to work at forex . If you can invest in crypto currency then you shouldn't go for alternative
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Forex trading is classified as a high risk venture, you can lose thousands or millions if they don't know how to navigate it.
It would be best to get a mentor,so to know the pitfalls associated with it, and how to avoid it.
Beginning a digital money venture without a pre information on digital money is much the same as leaping out of a plane without a parachute or hopping into the ocean without life-saving gear. This is exceptionally dangerous in light of the fact that you will lose all your capital.
Forex is one of the most risky type of investment and trading.
I think it is stupidity to start forex trading without any knowledge experience or skills.
If you go for it without any knowledge and experience you will lose all your money, so it is better to gain some skills and experience before starting it.
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it's not just a bad idea it's a very foolish idea you going to the market without good knowledge about the market will make you lose your money in fact more than your capital because you want to invest again to make profit and thereby losing again so make sure you have good knowledge about it before going into it
From a technical standpoint, starting forex is not pleasant, because you are going to hit a stage where you need to purchase or buy more strategy and it also has an impact on your earnings, because it isn't that you don't make any profit, you can't set a higher aim. Contrary to the experience.
Too many new newbies start FX looking at the rosy aspects of it as if you can start making money from it just like that. But that's not true. You need to learn and practise. Investing in forex education or mentoring can drastically improve your learning curve about forex. Before you can consistently be making money out of forex, you must lose money(this is a fact), and how much you lose depends on how much you train. But the problem is that forex is not an exact science, it can be highly risky even for a very experienced trader.
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starting forex without full knowledge is not advisable as there are different stages and phases to learning forex but if it's the case that you have a trained personnel and you have learnt to some stages then you can start minimally to some extent
Before anyone should go in to forex trading he or she should seek knowledge on how to predict the trade in other not to run at total loss. This days some person's are not bother about the knowledge all the want is money.
It’s not only a bad idea but it’s suicidal. Even professional finds it difficult 40% of the times and they only escaped been whipped via stop loss. It’s not advisable to even think of starting any business without proper knowledge of the business even if it’s not forex. So forex is a trade and you must learn the trade before venturing into it.
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In means one is ready to loose any capital invested in it. How can someone monetize forex trade without in-depth knowledge about it. It simply means one is liable to run at lost. Forex can be a quick get rich scheme and at the same time one can get their capital at lost but with the knowledge of understanding a good strategy to invest, your risk of loosing won't be that high.
Ottoman
Familiar Face
There are several reasons forex can be an attractive market, even for beginners who have little experience. ... This means that traders can get into the market at any time of day, even when othe
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