This to know before making trade in forex?

[Jomarie05]

Forex is a good platform for trading thousands are making profits by only trading in forex It includes all aspects of buying, selling and exchanging currencies at current or determined prices so,I decided to try to make trades in forex.

What are the things should i consider before trading in forex as new trader?

 

[Alexandoy]

When trading in forex you should have a good knowledge on the foreign currency that you are dealing with. For example you buy US dollar and would keep it for sometime for the value to get higher than your local currency. You have to check the economy of the US because their currency is directly connected to the economy. The political situation also has an effect on the value of the currency. There are other indications but it is up to you to discover.

 

[Nicklas22]

A broker and trading platform

Choosing a reputable broker is of paramount importance and spending time researching the differences between brokers will be very helpful. You must know each broker's policies and how they go about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets.

 

[Khezo]

First you have to understand the market and its trends. Know when to buy and sell, know when to go short and when to go long term, know your trading tools and make sure you familiar with the way they work. Don't ever be greed and also dont ever rush into the market. Lastly use the money you can afford to lose

 

[Taimoor Jutt]

Yes you are right. Forex trading is good thing at online. You can start your rading even at low price about $10 . But first you have to familiar with forex trading by getting knowledge and learning it. You have to learn about foreign currencies and their volatility.

 

[Suba]

Of course you must have basic skills before becoming a new forex trader, such as money management, meta traders, charts or candlesticks, indicators, support, resistance levels and fundamental analysis.

 

[idhans]

Forex is a good platform for trading thousands are making profits by only trading in forex It includes all aspects of buying, selling and exchanging currencies at current or determined prices so,I decided to try to make trades in forex.

What are the things should i consider before trading in forex as new trader?

Before you start Trading Forex always learn and acquire a good knowledge about forex trading before you start live trading. Another important point is to make sure that you start trading with at least $1000.

 

[Herzhan]

Forex is a good platform for trading thousands are making profits by only trading in forex It includes all aspects of buying, selling and exchanging currencies at current or determined prices so,I decided to try to make trades in forex.

What are the things should i consider before trading in forex as new trader?now the Markets. ...

• Make a Plan and Stick to It. ...
• Practice. ...
• Forecast the “Weather Conditions” of the Market. ...
• Know Your Limits. ...
• Know Where to Stop Along the Way. ...
• Check Your Emotions at the Door. ...
• Keep It Slow and Steady.

Before you start Trading Forex always learn and acquire a good knowledge about forex trading before you start live trading. Another important point is to make sure that you start trading with at least $1000

the Markets. ...

• Make a Plan and Stick to It.
• Practice.
• Forecast the “Weather Conditions” of the Market.
• Know Your Limits. ...
• Know Where to Stop Along the Way. ...
• Check Your Emotions at the Door. ...
• Keep It Slow and Steady.

Forex is a good platform for trading thousands are making profits by only trading in forex It includes all aspects of buying, selling and exchanging currencies at current or determined prices so,I decided to try to make trades in forex.

What are the things should i consider before trading in forex as new trader?

Know the Markets, Make a Plan and Stick to It.
Practice. Forecast the “Weather Conditions” of the Market. Know Your Limits. Know Where to Stop Along the Way. Be patience, don't rush.

 

[Abbas ali]

Before you start trading Forex, here are some important things that you first need to know.

• #1 When You Trade Forex, You Don't Actually Own Physical Currencies. ...
• #2 Know The Bid-Ask Spread You Are Facing. ...
• #3 You Are Capturing Profits From Volatility. ...
• #4 Be Very Familiar With Currency Pairs That You Are Trading.

 

[Nurudeen]

Forex trading is very risky and it makes more people to lose their money. If you want to invest into forex trading you need to invest in knowledge before you invest in the market. You can get started by leaning technical analysis charts and if you can't learn this just stay off forex trading or else you will lose your money

 

[Rashid]

yes it is good platform where you can work in the shape of trading or investing.
Here you can invest and get big profit. But before going there you should learn about everything regarding Forex Trading. You should also have knowledge about currencies foreign for transaction and earning.

 

[Holluwaphemmy]

it seem this forex stuff is really trending because everyone is all about forex now. Is it a get Paid to site or it is just an online business platform. It seem like a very good site though

Post automatically merged: Jan 25, 2021

it seem this forex stuff is really trending because everyone is all about forex now. Is it a get Paid to site or it is just an online business platform. It seem like a very good site though

 

[BrolySSJ]

Forex is a good platform for trading thousands are making profits by only trading in forex It includes all aspects of buying, selling and exchanging currencies at current or determined prices so,I decided to try to make trades in forex.

What are the things should i consider before trading in forex as new trader?

I think that the most important thing that you have to know about forex trading before you get invested in it is the risk that comes with it. Many people look at these trading schemes as ways in which they can earn a quick profit and an easy profit as well. However, this is often not the case, and it does require a substantial amount of knowledge in order to be able to make the right decisions on your trades. Therefore, I think you should consider how much comfort will you have to invest as a new trader, and what is your previous knowledge in trading. These are the most important questions to start you off with.

 

[GoldenLady]

Before you begin trading forex, I would advice to get a mentor if that is possible.

If not, you have a long learning curve. Study the currencies you want to trade in, the economy of the country, the history and other financial indicators. Also never invest more than you can afford to lose, it's okay to play small before you learn the ropes.

 

[Bart Simpson]

I think that the most important thing that you have to know about forex trading before you get invested in it is the risk that comes with it. Many people look at these trading schemes as ways in which they can earn a quick profit and an easy profit as well. However, this is often not the case, and it does require a substantial amount of knowledge in order to be able to make the right decisions on your trades. Therefore, I think you should consider how much comfort will you have to invest as a new trader, and what is your previous knowledge in trading. These are the most important questions to start you off with.

 

[Sanusi]

Is it before, like after you must have learn the fundamentals in forex. So after learning that, you will need to put some things into consideration, like your leverage settings. These are the reason why people are getting loss on forex trading, for instance some people set a leverage higher than the money they want to use to invest, which is bad.

Post automatically merged: Jan 25, 2021

Is it before, like after you must have learn the fundamentals in forex. So after learning that, you will need to put some things into consideration, like your leverage settings. These are the reason why people are getting loss on forex trading, for instance some people set a leverage higher than the money they want to use to invest, which is bad.

 

[iamgroot]

Forex is a good platform for trading thousands are making profits by only trading in forex It includes all aspects of buying, selling and exchanging currencies at current or determined prices so,I decided to try to make trades in forex.

What are the things should i consider before trading in forex as new trader?

As per my friends, greediness led them to loss of their profits, and not being patient. They said that in trading, patience is a must, and they say that dont go all in.

 

[Highflyer]

Tips for Forex Trading Beginners

• Know the Markets. We cannot overstate the importance of educating yourself on the forex market. ...
• Make a Plan and Stick to It. ...
• Practice. ...
• Forecast the “Weather Conditions” of the Market. ...
• Know Your Limits. ...
• Know Where to Stop Along the Way. ...
• Check Your Emotions at the Door. ...
• Keep It Slow and Steady.

 

[Shannn11]

When trading in forex you should have a good knowledge on the foreign currency that you are dealing with. For example you buy US dollar and would keep it for sometime for the value to get higher than your local currency. You have to check the economy of the US because their currency is directly connected to the economy. The political situation also has an effect on the value of the currency. There are other indications but it is up to you to discover.

This is a helpful information for someone like me that did not yet start trading on forex. But I already know that in every trading business, there's always high risks and requires decent knowledge to actually start making profit.

 

[tuna89]

I don't advise that you go into forex trading ,I have tried to learn some of the basic skills of the metatrader app, the trading charts and the trade volume also I noticed that the forex trading apps always warn the user that they are at a higher risk level, even forex experts have a lot of losses, i would advise that you divert your money into other investments and not Forex that seems like gambling