Is it a good idea to start forex without full knowledge

[Erin]

It a very poor idea to start forex without full knowledge, you have to be very knowledgeable before starting forex so as to be a PROFIT trader, and when you start don't rush, be calm and all things shall fall in place to favour you in no time.

 

[Klismannm12]

venturing into Forest without proper education or documentation on how it works I think is a nono please ensure that you first of all make researchers you learn it first before you go into it because Forest person is not a game of the faint-hearted forex trading is not something that one can do those two for the form of a for the father is giving some money from time to time that alone makes it to be a risk investment or business so you must first of all learn how to do it before going in

 

[Veetos12]

I have heard of forex from many of my friends and from many people.
They told me forex is a very profitable investment, they even showed me proof of some people making it big.
Now I have started it but not yet finished with the training, so I want to ask can I start trading forex without it full knowledge, why I'm asking this is because I don't want to rush and run into a massive loss. Please enlighten me on what to do

Starting forex trading without better knowledge about it is very risky because it takes experts to trade successfully on forex. You can first take out your time to gather knowledge from experts before you can say you want to start investing into forex.

 

[Caali]

No, do it step by step.
It is very important to understand that Forex Trading is a job and trader is not easy profession, but when you start making profit on Forex, you will feel like fish in a water, and become financially independent.

 

[Diamond07]

Starting forex trading without a sound knowledge in it is a big Risk as you can lose your funds. Knowledge is the most important thing to take care of if you wan to start something new. Gain more knowledge on what you are going for, and you can excel

 

[Erik4150]

It is not a good idea to start forex without proper knowledge because you are definitely going to loose your money if you do so. Forex is risky and it demands proper understanding before you can become a successful trader.

 

[Princeeffiong]

From my knowledge it's not good to venture into any business without prior knowledge of the business. Training on the business you want to go for is present every where, starting forex without knowledge about it will spell room of loosing your hard earned money.

 

[Debola]

I have heard of forex from many of my friends and from many people.
They told me forex is a very profitable investment, they even showed me proof of some people making it big.
Now I have started it but not yet finished with the training, so I want to ask can I start trading forex without it full knowledge, why I'm asking this is because I don't want to rush and run into a massive loss. Please enlighten me on what to do

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

 

[Henrywrites]

I have heard of forex from many of my friends and from many people.
They told me forex is a very profitable investment, they even showed me proof of some people making it big.
Now I have started it but not yet finished with the training, so I want to ask can I start trading forex without it full knowledge, why I'm asking this is because I don't want to rush and run into a massive loss. Please enlighten me on what to do

You can trade with the demo section on the app that you are using. This doesn't mean that you should not complete your training as getting the right knowledge about Forex trading will help you know what to do when the going get tough in real trading platforms.

 

[Sheyemanu]

Concerning your question, I would say no it is not, but you can be profitable using forex signals, there are some accurate forex trading signal that are at least 70% accuracy you cannot just trust any forex signal like that with your huge sum of money you know the test and understand if they are worth enough trusting or not before you consider taking them. So it's better to use the signals on a demo account first or just learn the skill from a professional

 

[Donolatunji]

If someone wants to enter the forex market, knowledge of the trade and the market should be gathered. It is very hard to trade and invest in forex without having complete market awareness. That would depend on whether you would like to benefit from trading. If yes, then without knowledge, you can not trade.

 

[Henrylaw]

It is a bad idea to start something you don't have understanding of. The rule of business or venturing into business says you don't invest your time, money, and other resources into what you have zero knowledge of. To start a business you must know what you want to do, the success rate and failure rate, the likely challenges to face and how to overcome them.

 

[Kelly5]

There is nobody anywhere that will advise you to start anything without you first having the knowledge. It is a bad etique to go into what you know can potentially cause you to lose all your money. Except that the aim of going into it in the first place

 

[Godleads1]

Going into forex trading without detailed information and knowledge is very bad. It's like asking a driver to pilot a plane. The end will be disastrous. Gain enough information about it, find someone you can under study and then go into it.

 

[Anas Chaudhary]

Then you can't trade without knowledge. You need to understand the trading platform, choose the broker, develop your strategy and then you can start trading. To become a successful entrepreneur you will need experience in business which will take time.

 

[Muhammadawais]

Enthusiasm, resources, a willingness to understand and listen to others, and a strong commitment to success are the things that make a business successful. And if you want to be a successful entrepreneur yourself, this is what you need to keep in mind.

 

[haider00]

It is not good idea to work in forex without any knowledge because you can not earn money in this way and when you invest your money than it might be possible you get loss your money.

 

[Princeeffiong]

Starting forex without getting trained is like jumping in to a river without knowing how to swim. There is need for for proper training so as to know when to trade and when to withdraw from trading.

 

[Ashu]

That would be trading but gambling. Trading forex without full knowledge is like taking a gamble on event. You might make profit or u might take a huge loss. Sometimes we gamble on event and we gain too but I will advise you have full knowledge so you can make profit consistently to some extent. Full knowledge increase your chances of making profit

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Post automatically merged: Feb 5, 2021

That would be trading but gambling. Trading forex without full knowledge is like taking a gamble on event. You might make profit or u might take a huge loss. Sometimes we gamble on event and we gain too but I will advise you have full knowledge so you can make profit consistently to some extent. Full knowledge increase your chances of making profit

Half or incomplete knowledge is dangerous as we all know that. Even when you have complete knowledge you can't be successful as the chances are always fifty fifty. So without complete knowledge you are just going to lose all your investment which will result in a big loss of yours of course. So never ever do that mistake. Gain complete knowledge then step in it and make good profit and generate income.

 

[Chumzy]

Weather Forex or not I don't think there is any business you go into. Without prior knowledge of the workings of the business and all. It is important you have at least a basic knowledge and then us your demo to trade and master.