But if you can learn about forex trade, you will like it format is very profitable. Just today I make a profit of $1 with my $5 capital that in deposited last week. I now have like $12 in my trading account. But to start forex trading you will need to learn from an expert
Yeah. Congratulations on your profit. I have decided to focus more on Non fungible tokens and cryptocurrency. Forex trading may come later on
Well that is your choice. Before I do take crypto currency over forex trade. But when I see that people are making big money with forex trade. So I decided to give it a try. But when I am trading I don't trade any other market apart from crypto currency pairs.
I will suggest you open another wallet on binance because using binance is more safer than the one of luno,it might be okay for you in your country tho but is not good in my country since there is a banned on crypto currency in my country.
Well , I believe that it is just a matter of time , if you put interest in forex trading you can also be benefiting from it as well. It is a good type of trading but with risks
I really love this question because I too wanna learn how to trade but don't really have anyone who could teach me did a little research but all I could figure was that " you buy when it's low and sell when it's high" ..I feel there's more to it than that...hope to get some answers
likewise crypto currency. Because if you buy a coin when the price is high, and later the price of the coin started decline. This will affect your fund making the value of the coin to also reduce. This will be a lost trade. So there is not business that doesn't have it's own risk.
This is true. The thing here is one being able to manage the risks involved. This can only be achieved by careful study and research about the investment in order to have the desired knowledge.
People have created a lot of group on social media like WhatsApp and you can just ask any of your friends into trading to add you to any of their groups
Definitely there's more to it. In crypto currency we call contact perpetual contact, margin etc. In this contact you can make profit on both buy and sell. When the market is going down u are ala making profit....but u need a very good signal to trade a perpetual due to it high risk.
Talking about risk. That is why a forex trader needs to derive a successful strategy to do forex trade. There is no one that can really predict the price of any currency pair. But with a good strategy a person can overcome the risk involve.
Well , I dont know how forex trading works but if it involves making predictions about the price of a currency pair then there is more to it . Is forex trading decentralized ? , Is it connected to blockchain ?
Well sincerely I don't understand what's perpetual contract , but I do get what you mean by margin...this is exactly what I'm trying to say even when it's red or green you're also making profit
Forex trade is not way connected to Blockchain technology. Forex trade has been in existence before the existence of Blockchain technology. Forex trade is a kind of platform that all countries coke together to trade there currencies for the purpose of making profit.
