What are the possible ways to make money as a newbie in Forex?

[Potuse]

A rookie trader will be encouraged to learn a lot of things before jumping on forex . Yes, this is very important because you must learn before you can talk about making money in Forex but there should be a way for a newbie to make money in Forex.

 

[eLdavis]

The best advice i would give a newbie trader is instead of looking for the best way to start making money, the best thing to do first would be to first work on your trading strategies. Keep practicing and take each step slowly.

 

[Emmy]

I'm a beginner as well so it is difficult to say you should a take of investing so fast. All I keep doing is to trade with demo account and I can see improvement. I have already known some currencies I could trade that I can get the trade.

 

[eenya00]

As a newbie don't be in a haste to make money from Forex trading, believe that it is a process, and you should be patient with it, because rushing the process would not make it any faster

 

[Danny4cash]

I think the best way to make money from forex is to trade. They may be other ways but the only one I know trading. So as a newbie, the first thing for you to do is to learn how to trade and then start trading.

 

[Billy]

You are right. As a newbie, you really have to watch out m, it's quite a risky venture. If you're new to Forex trading and want to make some money, there are some things you can do to increase your chances of success. First, learn the basics of Forex trading, including how to analyze the market and manage risk. Next, practice trading with a demo account before you start with real money. When you do start trading, start small and use leverage wisely. Keep up with the latest news and events that may affect the Forex market, and use stop-loss orders to limit your losses. It's also a good idea to join a trading community to get insights and support from other traders. Just remember that Forex trading is risky, so only invest money you can afford to lose and do your own research before making any trades.

 

[Potuse]

I think the best way to make money from forex is to trade. They may be other ways but the only one I know trading. So as a newbie, the first thing for you to do is to learn how to trade and then start trading.

A newbie in forex should try to understand the intricacies of forex trading by visiting the demo account and trading without emotions and without the FOMO.

 

[Planbizzle]

You can mimic the trades of seasoned traders with many Forex brokers. Even though there is no guarantee of success in doing this, it can be a useful approach to get knowledge from others and possibly generate money through trading.

 

[Kennysplash]

Don't just jump into trading as a newbie, there are some things you need to know first before you start. So take the time to first of all learn well before you begin trading.